News

Construction of Zimbabwe’s second petroleum pipeline, which its proponents say could transform the country into a regional fuel hub, is predicated on finalising agreements with neighbouring countries involved in the multi-billion-dollar plan, the deal maker told the Zimbabwe Independent this week. Over the past 13 years, implementation of the US$3 billion strategic project, which involves […]

THE Zimbabwe Energy Regulatory Authority (Zera) is crafting a framework that will dictate how electric vehicle (EV) charging ports are created and used in the country as government moves to promote e-mobility. The EV market is projected to reach US$623,3 billion globally by end of this year as countries increasingly move away from combustion engine […]

PLATINUM Group Metals (PGM) miner Zimplats Holdings has spent US$702,1 million during the half year ended December 31, 2023 towards major capital projects, including the development of Mupani Mine and Bimha Mine upgrade. In its half year report for the period ended December 31, 2023, the platinum miner said the Mupani and Bimha mine projects […]

UNKI Mine is embroiled in a nasty land dispute with the Shurugwi Town Council. Unki has approached the courts seeking recourse after the town council allegedly changed goalposts on the land that it had sold to the mine. Unki Mine cited Shurugwi council and Justice Ahmed Ebrahim as the respondents in the matter. According to […]

Weak metal prices have dragged Zimbabwe’s biggest platinum producer into a rare loss, reflecting the worsening pressure that miners are under. The company reported on Tuesday that it increased output by 9% and boosted sales by 10% to 320 196 ounces in the six months to December. But this was not enough to offset the […]

Listed miner, Bindura Nickel Corporation (BNC) recorded a subdued performance during the nine months to December 31 2023 following the decline in high-grade resource footprint and the low international commodity prices. The company’s poor performance was exacerbated by the prevailing economic headwinds and the depletion of high grade ore. In a trading update, BNC finance […]

Sandawana Mines, a subsidiary of Kuvimba Mining House, says about 300 workers have been let go as a result of falling price of lithium on the international market, it has been learnt. This was confirmed by Sandawana Mines general manager Godwin Gambiza who said the resources firm had to take cost-cutting measures “to protect the […]

The government is shutting down three thermal power stations, with a combined installed capacity of 240MW, because they have become too old and costly to run. According to Energy Minister Edgar Moyo: “At an average age of 75 years, the thermal plants significantly exceed their intended lifespan of 25 years, and operating them has become […]