News

The first open pit blast has been successfully detonated at Eureka Gold Mine ahead of production resumption, Dallaglio Investments have said. Eureka Gold Mine is one of the several previously dormant mining assets that have benefited from the New Dispensation’s call for investment under President Mnangagwa’s Zimbabwe is open for business drive. Reconstruction works at […]

Zvishavane-based platinum miner and Implats subsidiary, Mimosa Mining Company, has handed over state-of-the-art training and research equipment worth US$130 000 to the Midlands State University Faculty of Engineering and Geo-sciences.  The donation is in line with the company’s “Invest Beyond Mining” drive, comprising wi-fi enabled microscopes, one of which has an in-built camera, a wi-fi […]

PROFIT at Caledonia Mining Corporation rose by 50% to US$46,6 million during the year ended December 31, 2020, the firm said on Tuesday, attributing the growth to robust gold prices. Caledonia operates Gwanda-based gold producer Blanket Mine, which has been on an aggressive expansion programme over the past five years. Gold prices ended 2020 at […]

Beneath the surface of its latest economic crisis, Zimbabwe has been quietly positioning itself as a future major exporter of chromium to the insatiable Chinese market. Chinese demand for chromium is mainly driven by stainless steel, of which it is the world’s largest consumer. The country does not have its own chromium reserves and relies on […]

Five months ago, George Roach, the CEO of Premier Africa Minerals, was sounding the frustration shared by many would-be investors in Zimbabwe. He was casting his eyes elsewhere. Bureaucracy was stalling the company’s investment plans, focused on the RHA Tungsten mine and Zulu Lithium in Fort Rixon. A single signature, he said then, was delaying […]

Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week relating to a capital raising programme. Invictus Energy managing director Scott Macmillan, said in accordance with the requirements of Listing Rule 17,1, the company had […]

SOUTHERN Africa focussed oil and gas exploration outfit Invictus Energy halted trading on the Australia Stock Exchange (ASX) yesterday, a week after the bourse queried a sudden surge in demand for its shares. The firm, which has been scouring for oil in Zimbabwe’s Muzarabani district, had reported earlier that it could potentially be sitting on […]

The list of hardships and suffering linked to Zimbabwe’s diamond mines is growing longer by the day. Since diamonds were discovered in the Marange fields in 2001, non-governmental organisations have been looking into abuse and dodgy dealings: Human rights violations; Opaque business deals; Unfair treatment of residents; Diamond smuggling. The Marange diamond fields are in […]