News

Tharisa Plc (THST.L), will delay commissioning its Karo mine in Zimbabwe by up to a year to June 2025 due to current weak platinum group metal (PGM) prices and an uncertain global economic outlook, the miner revealed. Tharisa is building the 194,000 ounce per year Karo PGM mine at a cost of $391 million on […]

Miner cuts out middlemen and targets cutters and polishers Diamond industry has come under pressure from falling prices Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned 4 million carats of stones so far this year in […]

POWER utility ZESA has announced depressed electricity generation due to routine maintenance at its Hwange Unit 7, a 300MW production line synchronised in March this year. With 300MW of industrial and domestic power taken off the grid, ZESA said Zimbabweans should expect increased load shedding for at least 30 days in which the maintenance is […]

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has revealed that local diamonds, concentrated in Manicaland Province, are not as valuable as is widely believed, with 75% of them being of industrial grade, not the more expensive gem quality. Speaking to journalists recently MMCZ Sales Executive Ezekiel Mafara emphasised that Zimbabwe could not earn more from […]

A CHINESE firm, constructing what Zimbabwe has touted as Africa’s biggest still operation near Mvuma, said this week it will fire off its furnace in December, as the US$1,5 billion project moves close to 80% completion. Benson Xu, chief executive officer at Dinson Iron and Steel Company (Disco), told the Zimbabwe Independent that he was […]

THE Zimbabwe International Trade Fair (ZITF) has slated November 1 to 3 for this year’s Mine-Entra Exhibition with 169 director exhibitors having already signed up. In 2019, government set an annual mining income target of US$12 billion by the end of this year which hinged on improved government support and increased foreign direct investment (FDI). […]

The Zimbabwe Republic Police (ZRP) has confirmed that Kangela Mine in Chikuti, Murereka, Mashonaland West collapsed on October 20, 2023, resulting in the death of four people. According to a police report, the bodies were taken to Chinhoyi Provincial Hospital mortuary for further examination. Read the report: The ZRP confirms a mine incident which occurred at Kangela Mine, D Troop […]

Caledonia Mining Corp is exploring options to raise US$250 million needed to develop its Bilboes project into what could be Zimbabwe’s biggest gold mine. The company, which also owns the Blanket gold mine in Zimbabwe, could raise the money via a combination of debt, its own cash reserves and equity, says Maurice Mason, Caledonia’s vice […]