News

Multi-commodity mining and natural resource development company Premier African Minerals has raised £550 000, before expenses, through the issue of about 1.75-billion shares at an issue price of 0.0315p each. The Aim-listed company, which is developing the RHA tungsten and Zulu lithium projects, in Zimbabwe, says it remains of fundamental importance that it continue to […]

MAJOR mining companies in Zimbabwe are under attack for converting employee pension contributions from United States dollars (USD) to local currency when submitting them to the Mining Industry Pension Fund (MIPF), potentially profiting from favourable foreign exchange rates, the Zimbabwe Independent can exclusively reveal. This practice has caused a crisis of confidence among MIPF members, […]

JERSEY miner, Caledonia Mining Corporation plc, is selling its local subsidiary, Caledonia Mining Services (Private) Limited, which owns a 12,2 megawatt (MW) solar project, to CrossBoundary Energy Holdings (CBE) for US$22,35 million. CBE is a Kenya-based renewable energy solutions firm mainly focused in Africa although it has projects in Australia. It has a portfolio of […]

Bikita Minerals plans to invest up to US$500 million on a new lithium smelter, stepping up local processing despite a sharp fall in global metal prices. But the company has a few home truths for Zimbabwe – lithium is not as rare as many here think, and the country may lose out on its lithium […]

Listed platinum miner Zimplats has voiced its frustration over Zimbabwe’s volatile and complex fiscal framework, which it says is prone to conflicting interpretations and presents significant challenges for businesses. Disclosures by Zimplats, which is listed on the Australian Stock Exchange, were the latest to highlight the difficulties stemming from shifting tax policies and the uncertainty […]

THE Zambezi River Authority (ZRA) has announced that it will allocate 27 billion cubic metres of water to be shared equally between ZESCO and the Zimbabwe Power Company (ZPC) for power generation in 2025, with each utility receiving 13.5 billion cubic metres. Last year, ZRA announced that it had allocated 16 billion cubic metres of […]

THE relationship between Chinese-owned extractive companies and communities in Zimbabwe has become increasingly unfriendly, adversarial and fraught with mistrust and deep suspicion. There is overwhelming evidence of outright disdain and disregard for the cultural sensitivities of host communities by the Chinese investors. This is contained in a damning report by Centre for Natural Resource Governance […]

The High Court has spared Zimbabwe Mining and Smelting Company (ZIMASCO), the country’s largest producer of ferrochrome, from paying more than US$10m in royalties, which is a significant relief to the resources firm, Business Times can report. However, ZIMRA, which had ordered the mining company to pay that sum following its assessment of the miner’s […]

Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company. The two firms already operate lithium projects in Zimbabwe and will complete a study before building a mine and processing plant at Sandawana, according to the chief executive […]