News

Lithium producer Prospect Lithium Zimbabwe (PLZ) has announced plans to construct a state-of-the-art lithium sulphate plant in a show of commitment to the country’s sustainable growth plans. PLZ celebrated its second anniversary through a grand event under the banner: Adapting and Thriving: Celebrating 2 Years of Growth and Resilience in the Lithium Industry on Saturday […]

Prospect Lithium Zimbabwe plans to set up a lithium sulphate plant to comply with local processing rules, despite falling prices slowing down investment globally. Huayou Cobalt, one of the world’s biggest miners, bought the mine in 2021 from Australian-listed Prospect Resources. The company produced about 280,000 ounces of lithium concentrate in 2023, but plans to […]

ZIMBABWE’S mineral exports are expected to decline further this year due to global headwinds, according to the World Bank (WB), with production inefficiencies in iron and steel weakening export competitiveness to the European Union (EU). The country’s export proceeds fell by 16,90% to US$6,04 billion in 2023 compared to the previous year, largely weighed down […]

Former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono has responded to allegations raised by ZANU PF national spokesman, Chris Mutsvangwa, that a former central bank governor facilitated the “theft” of the country’s gold by Arabs. During a press briefing in Harare on Monday, Mutsvangwa claimed that Zimbabwe’s gold reserves were taken out of the […]

GALPEX mine which is one of the major culprits of damaging the Deka road has been ordered to resume operation only after the company had resuscitated the road. The road which was destroyed by mining activities had become a danger to most motorists who use it. The Minister of State for Matebeleland North Provincial Affairs […]

THE commissioning of Kamativi Mining Company (KMC) is a significant step in Zimbabwe’s development of its lithium mining sector, President Mnangagwa has said. The commissioning of the Kama- tivi Mining Company’s spodumene mine and Phase 1 processing plant is expected to bolster the country’s economic growth and contribute to the development of its lithium industry. […]

With little fanfare, the United States has effectively ended its sanctions on Zimbabwe diamonds. On March 4, President Biden signed an executive order terminating the national emergency “with respect to the actions and policies of certain members of the Government of Zimbabwe and other persons.” Several personalities and entities connected to the diamond industry were […]

PREMIER African Minerals is aiming to raise £3 million (US$3,74 million) before expenditures to finance basic working capital and the ongoing mining operations at the Zulu Lithium and Tantalum Project near Bulawayo. The firm on Thursday announced a subscription for 1 212 121 212 new ordinary shares to raise approximately £2 million (US$2,50 million) before […]

Kavango Resources Plc has discovered promising results at its gold project in Southern Zimbabwe in a development that has further pushed the entity’s stock price by 12%. The top miner has sustained a track record of delivering projects and creating shareholder value in Africa. Alongside its specialist partners, Kavango uses state-of-the-art exploration techniques and technology […]