News

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 […]

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 […]