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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 […]

Over drinks back in 2019, two British tycoons, Algy Cluff and Michael Spencer, agreed to set up a company to buy into African resources. They have explored mines in Ghana, Mali and Tanzania. Now their next target is one of Zimbabwe’s biggest lithium assets. Cluff, 84, had made money in the 1970s with an oil […]

ZIMBABWE has raked in more than US$20 billion from the export of minerals from 2018 to date, Mines and Mining Development minister Soda Zhemu said, underlining the sector as a key driver of economic growth. Speaking at the commissioning of the Kamativi Mining Company’s spodumene mine and phase one lithium flotation plant on Friday, minister […]

PICKSTONE Peerless Mine in Chegutu, which has for the past seven years operated an open pit that is nearing the end of its life span, has invested US$28 million to commission a new underground shaft to extract gold. The move to migrate to underground operations was taken after it had become unviable to continue open-cast […]