News

Caledonia Mining has reported a 3% increase in gold output for the three months to September to 21,772 ounces, setting a new quarterly record for Blanket Mine. The output in the quarter means that the company has produced 55,244 ounces this year, which means Caledonia remains on course to reach its full target of between […]

LISTED miner RioZim has commended monetary authorities for increasing the quantum of foreign currency that miners can retain, saying such a bold policy stance cushioned the group’s output growth. The policy directive is in line with the Reserve Bank of Zimbabwe (RBZ) policy directive which allowed exporters, including miners, to keep 75% of their export […]

CANADA based Lithium exploration and development company, Li3 Lithium Corporation says it is currently scouting for additional prospective ground in Mutare in a bid to up output in one of Zimbabwe’s emerging white gold districts. Zimbabwe is the world’s fifth largest lithium producer whose lithium output has increased steadily in recent years, producing 1 200 […]

The Zimbabwe government says mining is booming, but the industry says it is under growing pressure from the threat of weak global metal prices and rising costs at home. According to the Chamber of Mines, prices of key minerals have fallen sharply. Rhodium, part of the platinum group minerals, is down 74% over the past […]

THE Chamber of Mines of Zimbabwe (CoMZ) has said the softening international mineral prices is threatening the viability of the sector, in a major setback to the US$12 billion mining revenue target by year end. In 2019, President Emmerson Mnangagwa’s administration set a US$12 billion revenue mining target for the sector by the end of […]

The remains of the six people, including four foreigners, who died on 29 September when their light aircraft crashed in the Zvemahande area about 6km northwest of Mashava have been released for burial or cremation. DNA tests and forensic examinations of the remains were conducted on Thursday last week. Police identified the victims as Indian […]

LISTED miner RioZim has commended monetary authorities for increasing the quantum of foreign currency that miners can retain, saying such a bold policy stance cushioned the group’s output growth. The policy directive is in line with the Reserve Bank of Zimbabwe (RBZ) policy directive which allowed exporters, including miners, to keep 75% of their export […]