News

ZESA Holdings has raised serious concerns about mining activities taking place near the Marvel Substation in Bulawayo. This substation is critical for distributing electricity to the city, the country, and parts of the southern African region. The power utility warns that these mining activities could cause the substation’s building to collapse and destroy electrical equipment, […]

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production guidance. Gross revenue was $146.3-million, 3% higher than in 2022, owing to a 7.8% increase in the average realised price of gold sold. Gross profit […]

IN a bid to complement government efforts in scaling up health and safety consciousness among small-scale and artisanal miners, Miners for Economic Development (Miners for ED) Mashonaland West Chapter has embarked on massive educational awareness campaigns to ensure zero or minimal mine accidents. The latest campaign was held at Rowdy Boys 4 Mine, situated 3km […]

BINDURA Nickel Corporation Limited (BNC) has projected a decline in profitability for the rest of financial year 2024 (FY2024) due to the protracted shutdown of Trojan Nickel Mine, coupled with the low nickel prices prevailing on the global markets. In a cautionary announcement and profit warning statement, BNC managing director Thomas Lusiyano said the decline […]

Zimbabwe’s sole buyer and marketer of gold, Fidelity Gold Refinery (FGR) says the decision to establish more gold centres and providing financing to support artisanal and small-scale mining operations is positively making a substantial impact towards meeting predefined goals. FGR general manager, Peter Magaramombe confirmed that there are now 17 gold centres across the country, […]

Zimbabwe’s lithium miners are racing against time to submit their beneficiation plans to government before this week’s deadline. The government seeks to tap into substantial mineral revenue that can be earned from the beneficiation of critical minerals, thus it has given the mining corporations until this Sunday, March 31, 2024, to submit their beneficiation plans. […]

Hwange Colliery has doubled coal production, benefitting from new mining equipment and increased demand from the two new thermal power units. The company reports that coal production in the three months to September increased after it invested in new assets for its mines. “The company’s performance during this quarter was fairly better as both production […]