News

HWANGE Colliery Company Limited (HCCL) is allegedly owing its employee housing fund nearly US$1,5 million after it failed to remit money deducted from the workers’ salaries, a development that has crippled the operations of the fund. However, company management has said the money owed is in local currency and not United States dollars. The Hwange […]

Padenga’s FY2020 numbers certainly appear to point to the group’s positive yields from its decision to diversify into gold production.  With the global crocodile skins market having been in a state of flux for a while now — a situation that has been exacerbated by the Covid-19 pandemic — the move to gold seems to be paying dividends.  According […]

GOVERNMENT expects the defunct Kamativi Tin Mine to be reopened as a lithium multi-element ore body operation by 2023. The Matabeleland North-based mine, which is wholly-owned by the Zimbabwe Mining Development Corporation (ZMDC), closed in 1994 due to the depressed international prices of tin. Speaking in an interview during a tour of Blanket Gold Mine […]

THE construction of a US$13 million solar power plant at Blanket Gold Mine in Gwanda is expected to begin in the second half of the year. Last year, the gold operation through its parent firm, Caledonia Mining Corporation announced that it had been issued a licence by the Zimbabwe Energy Regulatory Authority (Zera) to build […]

A LOCAL company, Nevada 4 Gold Mine, has invested US$2 million into a gold processing plant in Maphisa under Matobo District in Matabeleland South province. The new business will reclaim the yellow metal from the mine’s disused dump sites, which are estimated to have 300 000 tonnes from which between 20 kilogrammes or 30kg of […]

KWEKWE-based ferrochrome producer, Zimasco’s plans to commence production on its Western Plant have hit a snag amid reports that the company has to first clear a US$7 million debt to the power utility, Zesa. The debt arrears were reportedly accrued by South African company, Portnex International, which was using the plant’s three furnaces on a […]

Russian investor IR Trading Limited could be on its way out of coal miner Liberation Mining Company peeved by the escalating dispute with local shareholders and the gloomy prospects for the fossil fuel. The developments are threatening the revival of the mine with the Russian shareholders now pulling out of the investment. Liberation Mining Company’s […]