102 views
FEATURED
Mining Index Zimbabwe
- March 14, 2024
102 views 4 mins

Mukuyu gas discovery sparks investor interest

OIL and gas exploration firm Invictus Energy has received strong interest from multiple domestic institutional investors with the intent of investing into the company after the discovery of gas at Mukuyu field, NewsDay Business can report. The firm recently revealed that preliminary compositional analysis confirmed high quality natural gas containing minimal impurities, which will require […]

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114 views
FEATURED
Mining Index Zimbabwe
- March 14, 2024
114 views 48 secs

Hwange Power Station hit by system disruption; power outages worsen

The Zimbabwe Electricity Supply Authority (ZESA) Holdings has announced that a system disturbance occurred at Hwange Power Station Wednesday morning. This resulted in the loss of power generation and increased load shedding nationwide. According to the Zimbabwe Power Company, Hwange was generating 774MW, Kariba was producing 300MW, and IPPs were generating 31MW. The system disturbance […]

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261 views
FEATURED
Mining Index Zimbabwe
- March 11, 2024
261 views 2 mins

Gold deliveries to Fidelity continue to decline

GOLD deliveries to Fidelity Printers and Refineries (FPR) have suffered a significant decline, according to latest official data. FPR statistics shows that deliveries of the precious metal declined by 22% in February to 1,95 tonnes compared to 2,38 tonnes realised in January. Contrary to tradition where small scale miners have dominated volumes sent to the […]

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121 views
FEATURED
Mining Index Zimbabwe
- March 11, 2024
121 views 3 mins

Invictus says in advanced talks with Govt on key production sharing agreement

Australia’s Invictus Energy is hopeful it will “within weeks” conclude a production sharing agreement (PSA) with the Zimbabwe government to develop its Cabora Bassa project following years of delays. The PSA is an important missing element as Invictus seeks to commercialise gas discoveries in the north of Zimbabwe, with energy consultancy Wood Mackenzie estimating that […]

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481 views
FEATURED
Mining Index Zimbabwe
- March 9, 2024
481 views 5 mins

Women’s Day: We hear from the women helping to drive Prospect Lithium

Lithium is one of the key sectors of Zimbabwean mining, and women are at the core of it. Here, we hear from some of the women driving Prospect Lithium. Shylet Dandi CSR Officer Prospect Lithium Zimbabwe believed in me and gave me a role that I never thought I could manage. Through their mentorship over […]

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170 views
FEATURED
Mining Index Zimbabwe
- March 8, 2024
170 views 2 mins

Gold price continues ascent to new highs

Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year. Spot gold rose another 1.0% to a fresh high of $2,149.25 an ounce, surpassing Tuesday’s intraday high of $2,141.60 an ounce. US gold futures went as high as $2,157.50 an ounce […]

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222 views
FEATURED
Mining Index Zimbabwe
- March 8, 2024
222 views 4 mins

Diamonds can help speed up EVs’ charging time

Researchers at Fraunhofer US, an independent international affiliate of the Fraunhofer-Gesellschaft, have succeeded in developing wafer-thin nano-membranes from synthetic diamonds that can be integrated into electronic components, thereby reducing the local heat load by up to 10 times. This helps improve the road performance and service life of electric cars and significantly reduces battery charging […]

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361 views
FEATURED
Mining Index Zimbabwe
- March 8, 2024
361 views 7 mins

Minerals Council highlights progress and challenges of women in mining

With the United Nations having designated the theme of this year’s International Women’s Day as ‘Invest in women: Accelerate progress’, Minerals Council South Africa president and chair of the Women in Mining leadership forum Nolitha Fakude highlighted that the mining industry has played a crucial role in the fight against gender-based violence and femicide (GBVF) […]

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299 views
FEATURED
Mining Index Zimbabwe
- March 8, 2024
299 views 3 mins

China coal imports seen flat in 2024, State-run utility says

China’s coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on Friday. Tepid growth in shipments by the world’s top importer of the fuel could suppress global prices and worsen fears of oversupply, […]

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228 views
FEATURED
Mining Index Zimbabwe
- March 8, 2024
228 views 2 mins

Kavango Resources says Nara Project showing positive signs

KAVANGO Resources Plc says indications derived so far from the Nara Project show very positive signs which may lead to bulk, mineable gold deposits. This follows Southern Africa’s focused miner reports indicating mineral resources at an average of 0,62 grams of gold per tonne at the Nara gold project in Zimbabwe, for a total of […]

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