News

THE Victoria Falls Stock Exchange (VFEX) says it is working on a framework that will guide listing by small-scale mining companies at the foreign currency denominated bourse. The VFEX, which was officially launched last year, has said it expects more listings this year and is rolling out investment campaigns targeted at potential investors. SeedCo International […]

Justice Legal and Parliamentary Affairs Minister Ziyambi Ziyambi says he acted within the confines of the law when he removed Bekithemba Moyo from running the affairs of resources firm, Hwange Colliery Company Limited (HCCL). Moyo’s contract as administrator was terminated in October last year after a 2-year stint despite steering the resources firm into profitability […]

A sharp increase in the price of chrome ore in international markets, especially in China, has sparked a huge demand for chrome mining concessions in Zimbabwe, the Zimbabwe Miners Federation (ZMF) said this week. Chrome is an important base metal mainly used in the stainless-steel industry. China is the world’s biggest consumer of chrome. The […]

Prospect Resources PLC, developer of the Arcadia lithium project near Harare, intends to commence lithium sample shipments in the second half of this year, when it completes an accelerated staged development plan for the fledgling lithium initiative. Lithium is an integral element of the Government’s target of building a US$12 billion mining industry by 2023 […]

Some of the 400 families relocated to Odzi’s Arda Transau Farm are selling off their houses built for them by diamond mining firms that operated in Chiadzwa as they hit hard times, it has emerged. The houses were built when the villagers were moved from Chiadzwa to pave way for the smooth extraction of the […]

ZIMBABWE’s new bourse, the Victoria Falls Stock Exchange (VFEX) has been pulled back by multiple headwinds stemming out of its “politically motivated” founding process last year after Zanu PF hawks were angered by fungible counters, analysts said this week. The hype that permeated Zimbabwe’s capital markets during the build up to the VFEX’s launch six […]

RESOURCES firm Caledonia Mining Corporation has blasted off its first gold ore at the US$67 million Central Shaft at Blanket Mine in Gwanda, marking the beginning of a new era following six years of protracted development. Central Shaft represents one of the most recent significant gold mining investment projects in Zimbabwe that is a game-changer […]