News

Lithium producer Bikita Minerals has lost a case in which it had approached the High Court seeking an interdict against Aurion Resources over some lithium ore it claimed had been stolen from its mine. Bikita Minerals dragged Aurion Resources, the officer in charge ZRP CID Flora and Fauna Unit in Masvingo and the officer commanding […]

China is losing its appetite for Russian coal as import taxes and logistical snarls push Asia’s biggest buyer to cheaper alternatives. Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime at the start of the year that favors some of Russia’s rivals. The higher costs have been compounded by an […]

Vice President Constantino Chiwenga has issued a stern warning to gold dealers and black market forex traders adding that strict measures will be put in place to curb leakages and exchange rate manipulation. Since the introduction of the new gold-backed currency, the government has cracked down on money changers “running down” the ZiG. As police […]

GURUVE residents have raised health fears following the contamination of their major water source, Dande River as a result of an accidental cyanide spillage at Eureka Gold Mine in Guruve Mashonaland Central province. Environmental Management Agency (EMA) spokesperson Amkela Sidange confirmed the issue in a statement. “The agency confirms carrying out an inspection at Eureka […]

Sabi Star Mine says its’ putting final touches to its US$25 million 15 MW thermal power plant and targets to fully integrate the station in the second half of this year. Currently, the Buhera-based lithium mine is running on heavy duty generators. With the rising costs of diesel and maintenance costs, Sabi Star Mine is […]

THE launch of the new Zimbabwe Gold (ZiG) currency has raised debate, with analysts urging the authorities to adopt advanced technology in monitoring gold production to reduce mineral leakages and illicit financial flows, while ramping up bullion reserves. On 5 April, new Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu launched the ZiG currency, that […]

RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu yesterday said the apex bank was still consulting on the possibility of fuel being sold in the Zimbabwe Gold (ZiG) currency. Stakeholders have been calling on authorities to ensure fuel and other services are paid for in ZiG to boost confidence in the new currency. Mushayavanhu yesterday […]

Invictus Energy has signed a Memorandum of Understanding with gold producer Dallaglio that could see energy company Himoinsa building a gas-to-power plant to supply the Eureka Gold Mine. Under the MoU, Himoinsa would build a 12MW power plant for Eureka, which can be scaled up to 50MW. “Following recent confirmation of the Mukuyu gas-condensate discovery […]

INTEGRATED resource concern Tharisa Minerals says the Zimbabwe-based platinum project is progressing well on the back of the company’s sound performance which is expected to continue. Operationally the top miner performed well, building on a record first quarter and on track to meet guidance. Most pleasing is the continued trend in our improved safety record […]