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Zambia and Zimbabwe are retendering a US$5 billion project to build a hydropower plant they previously awarded to General Electric and Power Construction of China, and expect to select new bidders by September next year, an official said. The Zambezi River Authority — a joint venture between the countries that maintains the Kariba Dam complex […]

A new special capital gains tax has been introduced where the purchaser of a mining title now has to pay a tax of 20 percent of the value of the transaction. The new law implemented through Finance Act Number 13 of 2023 and back-dated to 1 January 2014, entails a 20 percent levy on the […]

IMMINENT production at the Dinson Iron and Steel Company (Disco) plant in Manhize will spur Zimbabwe’s industrialisation and mark a significant milestone in the country’s ambitious development agenda, whose target is to create a modern and prosperous state by 2030, President Mnangagwa has said. In an interview following his tour of the Disco plant on […]

CHROME is an essential industrial commodity. Over 90% of the world’s chrome output is used to make ferrochrome, which is a mixture of chrome and iron ore, manufactured through a high-temperature smelting process. The chrome content in ferrochrome is generally between 50%-70%, by weight. The ferrochrome is in-turn used in the manufacturing of stainless steel, […]

BUHERA-based Sabi Star Mine has completed the construction and procurement of medical equipment for Mukubu Community Clinic as the lithium miner seeks to improve access to primary healthcare services for surrounding communities. The clinic, which has since been handed over to the Buhera Rural District Council (RDC), is equipped with modern a pharmacy. “The cumulative […]

Zimbabwe’s resources companies have taken a huge lurch downwards largely as a result of steep drop in metal prices on the international market coupled with escalating operational costs, forcing several big mining houses to turn to job cuts to survive. Players in the sector confirmed this week that they face a challenging operating environment. In […]

China’s coal output is expected to increase 36-million metric tons, or 0.8%, to about 4.7-billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year’s 2.9% growth. The projection comes on the back of record output in 2023, when the world’s largest coal consumer mined 4.66-billion tons of the polluting […]

GALILEO Resources Plc says drill results at Kamativi have shown lithium enhancement in a development which is set to boost the miner’s productivity going forward. The Zambia, Botswana, South Africa and Zimbabwe-focused miner says one drill for its 80% owned Kamativi lithium tin project in Zimbabwe shows “extensive” lithium enhancement with results peaking at 1% […]