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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 […]

PLATINUM miner Zimplats Holdings Limited spent US$516 million during the quarter to September this year on major capital projects, including the development of Mupani Mine and Bimha Mine upgrade. In its latest quarterly report, Zimplats stated that most of its projects for the period under review progressed as planned. The firm spent US$341 million on […]

ZIMBABWE Miners Federation (ZMF) president Henrietta Rushwaya has been convicted for trying to smuggle 6kg of gold out of Zimbabwe through Robert Gabriel Mugabe International Airport in 2020. High Court judge Justice Pisirayi Kwenda yesterday convicted Rushwaya (56) and remanded her in custody to November 10, 2023 for sentencing. Rushwaya was accused of trying to […]

A coking coal project that started production in Zimbabwe this year could be sold to a larger investor, reflecting strong demand for the coal used by steel manufacturers. Contango, listed in London, says it has opened talks for a potential acquisition of the Muchesu project, which began production in May and exported its first coking […]

SCORES of villagers in Mutoko, a mineral-rich district about 140 kilometres east of Harare, said they were being haunted by prospects of displacement by Chinese investors searching for lithium in their ancestral lands. They said they were also worried that should the Chinese go ahead to establish operations, swathes of virgin lands would be turned […]

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 […]