News

The Australia Stock Exchange (ASX) has demanded explanation from Zimbabwe focused gas and oil exploration junior, Invictus Energy, over a sudden spike in its share price and a sharp jump in volumes of stock traded in a single session last week.   Chris Hesford, ASX compliance division, wrote to Invictus Energy, which is exploring for oil […]

A TOTAL of 84 people died in 2020 due to mining accidents in the Midlands province alone amid calls for improved workplace safety. Between January and February this year, eight people have already lost their lives to mining related accidents. Most accidents take place in uninspected and unsafe mines where artisanal miners work without supervision […]

GOVERNMENT has issued 25 exclusive prospecting orders (EPOs) across the country, giving mining firms the rights to prospect for minerals over the next three years. Each of the EPOs cover 65 000 hectares, according to the Government Gazette. Issued by the Mining Affairs Board, EPOs confer exclusive rights to holders to prospect for minerals. The EPOs […]

A US$33 million chest has been set aside for the revival of Metallon Gold’s two gold mining assets that have run into viability problems largely due to lack of capital, The Herald Business and Finance has established. Metallon was at one-time Zimbabwe’s largest gold producers, thanks to output from its mining assets which included How […]

THE Victoria Falls Stock Exchange (VFEX) says it expects more listings this year and continues to roll out investment campaigns targeted at potential players. SeedCo International is so far the only listed company on the foreign currency-denominated bourse, which was officially launched last October. VFEX has since set a virtual mining masterclass targeting mining companies […]

MINERS have expressed excitement after the Government granted a total of 25 Exclusive Prospecting Orders (EPOs), which are expected to unlock new opportunities for the sector. The issuance of EPOs is critical in allowing international mineral explorers to scan through the country’s belly in search of minerals and producing bankable exploration results that can attract […]

There are no compelling reasons yet for Zimbabwe to increase the number of gold authorised refiners because its bullion output still falls far short of the minimum thresholds required to sustain the profitability of multiple refinery operators. This, though comes against the background that the only refinery in the country has at times failed to […]