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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 […]

Fidelity Gold Refiners (FGR), the country’s sole buyer and marketer of gold, has implemented a number of measures to increase production of the yellow metal as part of efforts to meet the 40 tonnes gold target this year. These include expanding the network of gold centers and agents across the nation, speeding up payments, and […]

Government says the recently launched mining claims matchmaking platform, a one-stop shop for investors to partner with mining claim holders, will be a valuable tool for promoting investment in the mining sector. The platform is a brainchild of the Zimbabwe Investment and Development Agency (Zida). Speaking at launch of the platform recently, Willard Manungo, deputy […]

KUVIMBA Mining House (KMH) has pumped US$5 million into Zimbabwe Alloys (ZimAlloys), one of the country’s biggest producers of ferrochrome, as management works round the clock to resuscitate the firm. The company has three furnaces at its Gweru smelting complex with a combined installed capacity of 120 000 tonnes per annum. “For ZimAlloys, you are […]