News

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 […]

Zimbabwe’s platinum miners are asking the government for help in reducing electricity tariffs and fiscal charges so producers don’t have to consider closing some sites. The Chamber of Mines of Zimbabwe, representing most large and medium-scale companies, said the softening of global prices is weighing down the platinum group metals sector. At the same time, […]

ZIMBABWE and Eswatini have begun collaboration in the mining and agriculture sectors as the nations aim to strengthen bilateral relations. Eswatini’s special envoy led by King Mswati III’s son, His Royal Highness Prince Lindani is in Zimbabwe to share notes. Speaking to journalists after meeting President Emmerson Mnangagwa at the State House on Monday Lindani […]

BLACKGATE Investments, the resources junior that is battling to repossess gold claims within an area being exploited by Bindura-based Ran Mine, has demanded the closure of the asset until a legal dispute over the business is finalised in the High Court, the Zimbabwe Independent can report. Blackgate has been locked up in a fierce legal […]

BULAWAYO residents have expressed concern over low gold mine lease charges levied by the Bulawayo City Council (BCC) describing the move as a wasted opportunity to increase revenue streams for the local authority. According to the latest full council minutes, BCC announced that it will be leasing out some gold mines that fall under its […]

Prominent economist, Eddie Cross, has disclosed that billionaire Kudakwashe Tagwirei is no longer affiliated with the Kuvimba Mining House. This revelation came to light during an extensive interview with a private media outlet, where Cross shed light on Tagwirei’s investment journey, stating that Tagwirei utilized his earnings from Trafigura to venture into the mining giant. […]