News

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 […]

DARING illegal diamond miners operating in cahoots with senior security personnel are allegedly finding their way into the Chiadzwa diamond fields resplendent in Zimbabwe Consolidated Diamond Company (ZCDC) uniforms. This is usually being done during the ore blasting process and the panners make off with various amounts of ore as well as pieces of real […]

Government is in a fresh hunt for strategic partner to resuscitate operations at the defunct State-owned Zimbabwe Iron and Steel Company (Zisco). Over the years, the Redcliff-based steel manufacturing plant has been a subject of foreign investor interest with companies such as Essar Africa Holdings, a unit of India’s Essar Group having agreed to invest […]

OUTPUT at RioZim’s gem extraction associate Murowa Diamonds slipped to 579 000 carats during the year ended December 31, 2020 after Zimbabwe’s oldest operating diamond mining asset depleted high grade gems in 2019, the listed giant said on Friday, spelling out an exploration strategy to sustain production. RioZim, the multi-resource operation quoted on the Zimbabwe […]

THE Zimbabwe Diamond Allied Workers Union (Zidawu) has encouraged young miners to continue advocating for laws and policies that promote transparency and accountability, resource mobilisation and good governance as they work towards contributing to the targeted US$12 billion mining economy and an upper middle-class economy by 2030. Speaking at the Young Miners Foundation (YMF) minerals […]

Diversified mining group, RioZim has announced a 27 percent decline in gold production as some constraints at its linchpin Cam & Motor Mine affected 2020 output. The group’s gold production declined from 1,66 tonnes achieved in the prior year to 1,21 tonnes.   Of RioZim’s three gold mines, only Renco posted positive production numbers in FY2020. “Throughout […]