News

Mines and Mining Development Permanent Secretary Pfungwa Kunaka has come under fire from prospectors following his directive of barring mining officials from accepting application for registration of mining titles on areas with expired Exclusive Prospecting Orders (EPOS). In a letter dated 8 March 2024 Kunaka directed all provincial mining directors not to grant applications on […]

OIL and gas exploration firm Invictus Energy, which recently made a gas discovery in Zimbabwe, has expressed ambitions to expand regionally. The firm recently revealed that preliminary compositional analysis confirmed high quality natural gas containing minimal impurities, which will require minimal processing before sale to downstream customers. The energy company declared two material discoveries after […]

Impala Platinum’s Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the next 12 to 18 months, Zimplats Chief Executive Officer Alex Mhembere said in a staff circular dated March 18 that was confirmed by the company. The […]

Leading financial services provider, Stanbic Bank ,last week launched its mining client value proposition on Thursday, reaffirming its commitment to empowering Zimbabwe’s mining industry and promoting sustainable economic growth. This cements Stanbic Bank’s rich legacy of providing unwavering support to the mining sector. The driving mantra of Stanbic Bank, according to the lender’s CEO, Solomon […]

In a significant development, the Zimbabwe Power Company (ZPC), a subsidiary of the Zimbabwe Electricity Supply Authority (ZESA), successfully reconnected Hwange Thermal Power Station’s Unit 6 last week. This achievement adds approximately 150 megawatts (MW) to the national grid. Another 100MW unit is expected to be brought back online within the next two weeks, further […]

President Emmerson Mnangagwa has expanded the Mutapa Investment Fund by adding seven additional parastatals. The announcement was made through Statutory Instrument 51 of 2024, which was published in the Government Gazette on Friday, March 15. The State shareholding in the following companies has been included in the Mutapa Investment Fund: 1. Fidelity Gold Refinery (Private) […]

VICE President Constantino Chiwenga says diamond mining companies in the country must explore the precious gem to further the sector’s growth. The VP said Zimbabwe was lucky to have diamonds within its borders and their mining has played a key role in the country’s development as the sector continues to contribute to the upper middle-income […]

GOVERNMENT’S move this week to suspend issuing of new exclusive prospecting orders (EPOs) will curb speculation and create a level playing field for investors. EPOs give exclusive rights for investors to prospect for specified minerals in an identified location in Zimbabwe. They are issued for three years, although they can be renewed for a maximum […]