News

AUSTRALIA Stock Exchange (ASX)-listed mining firm, Prospect Resources is to sink a further US$5 million into Arcadia Mine following an overwhelming response to its fundraising initiative announced last week. Arcadia is one of the most promising lithium projects in Zimbabwe, where at least four multinationals are at various stages of developing mines following a boom […]

HWANGE (Mining Index) – FOLLOWING two years of resistance from the Dinde community, Bei Fa Investments, a company owned by Chinese nationals allegedly involving some powerful Zimbabwean politicians, moved in to pitch a tent at the heart of the community over its intention to explore for coal in the area. By Business Reporter – Monday […]

More than half of the work on the expansion project at Hwange Power Station has been done more than three years into the project, President Emmerson Mnangagwa said on Sunday. Upon completion, the country’s largest coal-fired power plant, which has an installed capacity of 920 megawatts (MW), will add two power generators – unit 7 […]

With the Government having recently concluded an oil and gas exploration agreement with Geo Associates, which is controlled by Invictus Energy, an Australian entity, the atmosphere is abuzz with positivity.  Conversely, recent attacks on oil and gas projects in Pemba, the capital of the Cabo Delgado Province of Mozambique, will also excite the interest of  Oil, […]

Mines and Mining Development Minister Mr Winston Chitando says the National Gold Buyers Association (NGBA) is key “in chieving the 100-tonne bullion target a year by 2023”. This comes as small-scale miners are expected to continue playing a pivotal role in shoring up gold deliveries to Fidelity Printers and Refiners (Fidelity). The newly formed NGBA […]

For several years, it has been known that Zimbabwe hosts some uranium deposits in Kanyemba area (Mbire District) near the border with Zambia and Mozambique along Zambezi River Valley.  But no major works have been done to confirm the quantities of uranium and whether they are large enough to support a viable mine. However, the […]

AUSTRALIA Stock Exchange (ASX)-listed resources firm halted trading on Tuesday amid reports the firm has lined up a capital raising deal. The firm has been developing Arcadia lithium mine in Zimbabwe since 2018. Tuesday’s development came a few weeks after Invictus Energy, which is also pursuing the development of a potentially lucrative oil and gas […]

Diversified resources firm, RioZim, says it is in the process of selecting an EPC (engineering, procurement and construction) contractor for its 178 megawatt (MW) solar project. EPC contracts are the most common form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. According to RioZim chairman Rashid […]

ZIMBABWE’s platinum mining industry is expected to increase production on the back of three new projects and expansion by the existing producers. Platinum mining is expected to play an important role in the achievement of a 12 billion United States dollar mining economy by 2023. Mines and Mining Development Minister Honourable Winston Chitando provided an […]

A US$33 million chest has been set aside for the revival of Metallon Gold’s two gold mining assets that have run into viability problems largely due to lack of capital, The Herald Business and Finance has established. Metallon was at one-time Zimbabwe’s largest gold producers, thanks to output from its mining assets which included How […]