News

Zimbabwe could have lost gold worth US$1.67bn last year through smuggling and unfavourable mining policies which negatively impacted on the competitiveness of the sector, Fidelity Printers and Refiners (FPR) general manager Fradreck Kunaka, has said. Kunaka said at least 30 tonnes could have been shipped out illegally. He suggested that Zimbabwe should totally liberalise the […]

Prospect Resources is in discussions with an investor to develop its Arcadia Lithium project under a joint venture contract. The company is also engaging its existing off take partners as well as several potential off take partners in relation to its spodumene production and its staged development plan. Prospect said these activities will be run […]

GOVERNMENT has today sent a high-powered delegation to Hwange in a bid to coax Dinde villagers to allow a Chinese coal mining project to take off after they had resisted it citing eviction fears. Villagers in Dinde are living in fear of eviction to pave way for the Chinese Beifa Investment company to start its […]

GWANDA-BASED gold miner, Blanket says it is planning to invest US$35,8 million in plant maintenance and the implementation of its new underground operation called Central Shaft. The massive capital outlay will also be deployed towards setting up the firm’s solar power plant, which is key to ameliorating hurdles caused by erratic electricity supplies. Blanket Mine […]

Gaika gold mine has revealed that it will be injecting US$2,1 million for exploration purposes. The investment comes after a similar exercise worth US$5,4 million revealed that there are gold deposits worth an estimated US$3,4 billion. A technical report on the findings, audited by Canadian geological and consultancy firm, Watts Griffis and McOuat said it […]

Invictus Energy, an Australia Stock Exchange (ASX) listed extractives junior exploring for oil and gas in Muzarabani, has completed a share placement with investors to raise about US$10.4 million (A$8m) exploration funding, days after completing an important agreement with the Government. The funding will be applied towards the next phase of its exploration programme, which […]

THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has decried casualisation of labour in the mining industry. The union last week said employees were being engaged for several years on fixed-term contracts every month. In a letter addressed to the Public Service, Labour and Social Welfare ministry on March 2, ZDAMWU said the practice […]