News

Invictus Energy, the Australian firm exploring for oil and gas in Muzarabani, says the petroleum exploration development and production agreement (PEDPA) it signed with Government on March 26 accords special economic zone (SEZ) status to the key energy project. It means the company will enjoy fiscal and non-fiscal incentives such as a tax holiday and […]

Botswana Diamonds (BOD) says Zimbabwe is highly prospective and there are positive signs that the country is opening for business. The company is preparing to re-enter Zimbabwe and focus on both short-term production targets at Marange and advanced kimberlite pipe projects elsewhere in partnership with Vast Resources plc. “Our final area of interest is Zimbabwe, […]

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 […]