News

AFRICAN lithium developer, Prospect Resources (Prospect) has secured long lead equipment items, giving it a leeway to commence the pilot plant project at its Arcadia Lithium Mine (Arcadia) to produce high-purity petalite and spodumene samples. In a statement yesterday, the Australia Stock Exchange-listed firm said the plant would initially produce bulk samples of 500 tonnes […]

BIG players in the gold mining sector have challenged government’s monopolisation of gold sales through Fidelity Printers and Refiners, saying the law scared away investors as producers are paid the bulk of their money in local currency. Zimbabwe currently forces gold miners to sell their bullion to Fidelity. It pays them 70% in foreign currency […]

HENRIETTA Rushwaya, Stephen Tserayi, Raphios Mufandauya and Gift Karanda have been denied bail while Ali Muhammad has been freed on $100 000. Harare magistrate Mr Ngoni Nduna ruled that Rushwaya, Tserayi, Mufandauya and Karanda have connections outside the country and have means to abscond trial. Mr Nduna also said there was high risk of them […]

By Lucy Tandi MUTOKO, Zimbabwe – Despite being a global producer of black granite, there has been very little economic and social benefit to Zimbabwean mining communities who are receiving a fraction of the revenue generated in black granite mining while a significant amount generated is lost through illicit financial flows (IFFs), advocacy groups allege. […]

A Chinese investor is looking at exploring for iron deposits in Rushinga District in Mashonaland Central province where preliminary studies have confirmed the presence of a massive resource, an official said. The investor, which already runs steel smelters in China’s city of Handani where mills are under pressure to cut production as part of measures […]

Invictus Energy, the Australia Stock Exchange (ASX) listed firm exploring for oil and gas in Muzarabani, has commenced field operations in preparation for drilling of two test wells later next year. The junior exploration company said it had embarked on the field operations in October following approval of its environmental management plan, easing of Covid-19 […]

Extensive resource definition and quantification works being undertaken by Russian firm, Alrosa, at the Malipati Diamond Project in Matabeleland South, have revealed a rare and high value species of diamonds that have potential to change the face of Zimbabwe’s gem industry. Alrosa, the Russian diamond behemoth, is the world’s largest gem miner with an annual […]

The long court hearings over the bail applications by Henrietta Rushwaya and her four co-defendants held on charges of attempting to smuggle 6kg of gold continued in their second week yesterday. One of the CIO security officers accused of escorting Rushwaya through the VIP route at Robert Mugabe International Airport tried to cast doubt over […]

By Simiso Mlevu  . . . as Redwing Mine is turned into an artisanal mining field AN ENVIRONMENTAL catastrophe is rapidly engulfing the mining town of Penhalonga, in Mutasa District, Manicaland Province. Random open cast mining by scores of syndicates, destruction of fields belonging to local peasant farmers, pollution of Mutare River and invasion of […]

GOVERNMENT yesterday said it would anchor its US$12 billion mining industry economy on a rare and more expensive type two diamond set to be mined in its Malipati Diamond Projects in Matabeleland South and Masvingo provinces. This was revealed yesterday by Mines minister Winston Chitando during a tour of Malipati Diamond Projects in Beitbridge. The […]