News

Prospect Resources, the Australia-listed exploration company, says it has made “a significant new discovery” at its lithium claim in Goromonzi. The explorer previously struck it rich at Arcadia, where it spent US$25.7 million on exploration, found a resource, and then sold the operation to Huayou Cobalt last year for US$422 million. Since then, Prospect has […]

Tharisa Plc says it will delay commissioning its US$391 million Karo mine in Zimbabwe until June 2025 due to low platinum prices, further signs that weak commodity prices and an uncertain global economic outlook will hurt Zimbabwe’s ambitions to boost mine investment. Construction of the mine, on the Great Dyke in Selous, started in December […]

STATE miner, Zimbabwe Consolidated Diamond Company (ZCDC) has moved to vigorously market locally produced diamonds, whose value is mainly determined by public perception around how they are mined and benefits accruing to communities affected by extractive activities. In its bid to do so, ZCDC this week invited journalists to a workshop and a tour of […]

CYPRIOT miner, Tharisa PLC, has delayed the commissioning of the Karo Platinum mining project by a year, owing to depressed international mineral prices. Tharisa holds a 75% stake in Karo Mining Holdings, a firm operating the Karo Platinum Project in Zimbabwe which covers an area of 23 903 hectares located within the Great Dyke in […]

Crippling power cuts , foreign currency shortages, and high production costs have negatively impacted the overall performance of listed miner RioZim,board chairman Saleem Beebeejaun has said. The headwinds resulted in the group suffering a loss totaling ZWL$ 8.7bn in the six months to June 30, 2023. The mining concern is technically insolvent because its current […]

Karo Mining Holdings plans to process 2.5 metric tonnes of platinum ore annually at its Mhondoro-Ngezi plant following open pit pilot mining and the successful completition of the refine metallurgical processing procedures. The company started bulk earthworks construction in December 2022, and the first concrete was poured in June 2023. Actual mining is anticipated to […]

A 35-YEAR-OLD man from Emakhandeni was last week dragged to the courts after he allegedly stole a mining detector worth US$12 000. Johnson Mungombwe, however, denied the charge when he appeared before Bulawayo magistrate Nomagugu Maphosa on Wednesday last week. He was granted US$60 bail and remanded to October 25 for trial. Mungombwe was ordered […]

HWANGE Colliery Company Limited (HCCL) has clashed with its employees following a notice which stated that the Labour Act shall no longer be used for human resources matters. In a memorandum dated October 3 addressed to employees and signed by the company’s administrator Munashe Shava, HCCL advised that the changes followed the inception of the […]