News

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 […]

Zimbabwe’s Muzarabani oil and gas exploration project has made it to the list of this year’s Top Five oil and gas wildcat drilling compiled by leading global energy price, research and analysis site – OilPrice.com. This comes after developer, Australia Stock Exchange (ASX) listed Invictus Energy, signed a petroleum exploration development and production agreement (PEDPA) with […]

The Sunexchange Nhimbe Fresh crowd sale has raised US$2,5 million to finance a 1,9 megawat solar plant, making it the largest solar crowd sale in Africa so far, in a massive show of investor confidence for Zimbabwe. Sunexchange is a U.S owned company based in South Africa with a platform where investors can buy solar […]