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THE Zimbabwe Miners Federation (ZMF) Friday met the newly appointed Mines Minister and briefed him on the opaque challenges bedeviling the sector. The sector’s miners contribute about 68% per annum towards total gold deliveries in the country, surpassing large –scale miners by a significant margin. But in a meeting Friday with the recently appointed Mines […]

THE demand for lithium is rising as it has become a critical component needed in electric vehicle batteries. In 2021, the world produced 540 thousand metric tons of lithium and by 2030 the World Economic Forum projects the global demand will reach over 3 million metric tons. Reserves of lithium have been discovered throughout the […]

GOVERNMENT has appealed to mining companies in Mashonaland West province to assist in rescue efforts for over 10 illegal miners believed to be still trapped underground at Bay Horse Mine in Chegutu. Ten miners were confirmed dead yesterday, while rescue efforts were still underway for the remainder, with the rescue teams using rudimentary equipment in […]

ZIMBABWE needs strategic partnerships to begin producing such products as lithium batteries and lithium carbonate, according to Mines and Mining Development minister Zhemu Soda. Zimbabwe is the world’s sixth largest lithium producer. “We need to produce lithium carbonate and ultimately produce lithium batteries in the country,” the minister said at the launch of the Zimbabwe-Chinese […]

Dallaglio, the gold mining arm of Padenga Holdings, produced 16% more gold in the first half of the year and expects further growth as it brings a newly refurbished underground mine into production. Gold output was 1,080kg in the six months to June, beating the 933kg of last year. This was largely due to increased […]

THE Zimbabwe Energy Regulatory Authority (Zera) has bemoaned the low success rate of independent power producers (IPPs) in the country, saying their contribution to the national grid is less than 2%. The country has more than 100 IPPs with a cumulative capacity of 8 000 megawatts (MW) potential capacity installation. Speaking at an Independent Power […]

A man in Gweru, Zimbabwe, was robbed of 7 grams of gold and cash by three armed men posing as potential buyers. The incident occurred in Shurugwi, where the robbers approached the man while he was selling the gold. They offered a partial payment of US$200 and agreed to complete the transaction in Gweru. Midlands […]

MINER and crocodile farmer Padenga Holdings Limited (Padenga)’s operating costs rose by nearly 39% to US$63,78 million in the half year ended June 30, 2023, owing to an increase in expenditure. This led to its overall profit after tax halving. In the comparative 2022 period, operating costs were about US$46 million. Resultantly, profit after tax […]