304 views
FEATURED
Mining Index Zimbabwe
- May 20, 2021
304 views 4 mins

Russian investor ditches Liberation Mine

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 […]

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245 views
FEATURED
Mining Index Zimbabwe
- May 20, 2021
245 views 3 mins

MPs demand formalisation of artisanal mining

LEGISLATORS have called for policy reforms that lead to formalisation of artisanal mining and the informal sector to ensure they play a major role in stimulating economic growth and promote a flexible labour market. Since the 1990s, Zimbabwe’s growing informal sector has contributed over 60% to the country’s gross domestic product (GDP), and it also […]

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221 views
FEATURED
Mining Index Zimbabwe
- May 20, 2021
221 views 3 mins

Chinese national in custody over bribe

A CHINESE national and his two local accomplices were yesterday remanded in custody pending ruling on their bail application on allegations of attempting to bribe a police officer. The accused, Mei Dong (31) of Credence Mining Corporation, Leegwan Mavhunga (36) and Velaphi  Maposa (38) allegedly offered US$1 500 bribe to an investigating officer to destroy […]

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420 views
FEATURED
Mining Index Zimbabwe
- May 20, 2021
420 views 4 mins

Mineral Corporation starts rolling out training to young miners

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has started rolling out training programmes for youths artisanal and small-scale miners as a way of formalising them and curbing smuggling of the precious mineral out of the country. The training programmes are also meant to boost their production capacity and compliment the country’s target to turn the […]

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388 views
FEATURED
Mining Index Zimbabwe
- May 20, 2021
388 views 3 mins

Invictus Energy board ropes in Mtizwa

FORMER Delta chief executive officer (CEO) Joe Mtizwa, has been appointed non-executive director and deputy chairperson of Australia Stock Exchange (ASX) oil and gas exploration junior, Invictus Energy Limited. Mr Mtizwa is the current chairperson of Mangwana Capital, an investment vehicle that holds a major stake in Invictus Energy’s wholly owned Zimbabwean unit, Invictus Energy […]

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183 views
FEATURED
Mining Index Zimbabwe
- May 19, 2021
183 views 6 mins

Panners threaten vital agric research

ILLEGAL gold panners operating at Matopos Research Institute Farm are threatening international research work aimed at improving agriculture in Southern Africa and beyond, through land degradation that has affected studies on crops and caused the death of pedigree breeding livestock. The Minister of State in the Office of the President and Cabinet in charge of […]

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491 views
FEATURED
Mining Index Zimbabwe
- May 19, 2021
491 views 5 mins

Hwange Power Station expansion 65pc complete

The major expansion of Hwange Thermal Power Station by the addition of units 7 and 8, each of 300MW, is now 64,63 percent complete despite Covid-19 amid finance challenges that have pushed back completion by 258 days. Government is happy with the progress of the US$1,5 billion project so far. This third phase at Hwange […]

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341 views
FEATURED
Mining Index Zimbabwe
- May 18, 2021
341 views 3 mins

Blanket Mine posts solid recovery

CALEDONIA Mining Corporation says its local unit, Blanket Mine, posted a strong recovery in output last month producing 5 470 ounces of gold. In a performance update for the first quarter ended 31 March 2021, Caledonia said the April production figure was 24 percent above the average monthly output in the quarter. The mining group […]

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371 views
FEATURED
Mining Index Zimbabwe
- May 18, 2021
371 views 3 mins

US$6mln injected into Eureka gold project Q1

A TOTAL of US$6 million has been invested into the Eureka gold mining project during the first quarter bringing the cumulative capital expenditure to US$39,3 million. Eureka Gold Mine in Guruve, Mashonaland Central province, is one of the several previously dormant mining assets that have benefited from the New Dispensation’s call for investment under President […]

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318 views
FEATURED
Mining Index Zimbabwe
- May 18, 2021
318 views 3 mins

Excessive rains frustrate Rio-Zim Q1 operations

DIVERSIFIED mining group, RioZim, says gold production across its operations took a dip during the first quarter 2021 as excessive rains pounded most parts of the country. While the 2020/2021 rain season has been good for farmers, RioZim said in its trading update for the quarter ended March 2021, that the heavy rains impacted negatively […]

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