News

Workers at Murowa Diamonds in Zvishavane have reportedly downed tools following a standoff with management over poor remuneration. While productivity at Murowa Diamonds has been at full capacity this has not been translating to improved wages and other benefits for the workers. The Zimbabwe Diamond and Allied Mineral Workers Union (ZDAMWU) and the Centre for […]

The majority of the work undertaken by the Ministry of Mines and Minerals stalled in 2023 owing to inadequate budget allocation and the general volatile macroeconomic milieu, the Parliamentary portfolio committee has said. The Ministry of Mines was originally allocated ZWL12 billion as of September 2023 the revised budget now stands at ZWL27 billion. For […]

Impala Platinum is reducing its planned spending across its business, including at Zimplats, due to the decline in global platinum prices. This will negatively impact local suppliers and the economy, according to newZWire. Platinum prices have fallen by 15% in 2023 due to concerns about global economic growth and a projected decrease in demand from vehicle manufacturers. […]

CHINESE companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages. Chinese applications “were the most by number and investment value with mining being their most […]

MINING companies in Zimbabwe have spent over US$1,5 billion on capital projects and exploration activities in the past three years, a survey report by the Chamber of Mines of Zimbabwe (CoMZ) shows. The report also revealed that in the next 12 months, mining firms require around US$2 billion to ramp up and sustain their operations. […]

ZIMBABWE’S mineral revenue declined by 29% to US$2,6 billion in the first half of this year due to a number of challenges including softening commodity prices, foreign currency shortfalls, high-cost structure and capital constraints. This was revealed by Chamber of Mines of Zimbabwe (CoMZ) president Thomas Gono at the Mining Industry Suppliers Forum held in […]

PROSPECT Resources Limited has commenced Phase 3 drilling programme at Step Aside Lithium Project near Harare, targeting significant strike and depth extensions of high-grade lithium mineralisation. In a quarterly activities report for the quarter ended September 30, 2023, Prospect managing director and chief executive officer, Sam Hosack said the quarter concluded with substantial advancements in […]

Invictus Energy said it has reached the total depth following exploration of the second well which has shown additional zones of strong gas and fluorescence. Invictus is an independent upstream oil and gas company headquartered and listed on the Australian Securities Exchange with offices in Harare. The energy company is embarking on the first oil […]

Africa’s top lithium producer, Zimbabwe hopes demand for the mineral, which is key for renewable energy storage, will help revive its ailing economy. Lithium is set to become Zimbabwe’s third biggest mineral export after gold and platinum group metals, which registered $2.46-billion and $2.27-billion in export receipts last year. “The revenue generated from the export […]

Zimbabwe should invest in the exploration of minerals which are critical in attracting long-term investments for economic development, Mines minister Zhemu Soda said yesterday. Speaking at a School of Mines’ lithium and battery minerals conference held on the sidelines of Mine Entra, Soda said Zimbabwe was under-explored in the mining sector. “Our country can boost […]