News

A PRIVATE mining company, Avoseh Investments (Pvt) (Ltd) (Avoseh) has been interdicted from mining lithium at a 25-hectare block within Sandawana Mine mining claim. This comes after Sandawana Mine, owned by Kuvimba Mining House (KMH) filed an application at the High Court seeking an interdict against Avoseh which has been carrying out mining activities on […]

Bikita Minerals shipped its first ever shipment of spodumene concentrate Sunday, the first output from a new plant commissioned in July. Global metals giant Sinomine bought Bikita last year in a US$180 million deal with African Metals Management Services and German investor Wilfried Pabst’s Southern African Metals and Minerals, the Mauritius-registered companies that held a […]

BINDURA Nickel Corporation’s (BNC) total capital expenditure stood at US$8,34 million in the year ended March 31, 2023, driven by its plan to replace old and antiquated mining machinery. The increase was from a 2022 comparative of US$6,47 million. The current old machinery led to lower production volumes resulting in a loss of US$18,48 million […]

Gold deliveries to Fidelity Gold Printers (FGP) fell 13% to 19.335 tonnes in the first eight months of this year from 22.289 tonnes in the prior comparative period. Given that the government pays within a week, it is claimed that the miners are diverting the yellow metal to alternative markets that pay instantly. The decline […]

Two years after being placed under receivership, struggling coal miner Makomo Resources has resumed operations and is now eager to supply the export market. Bulisa Mbano of Grant Thornton Zimbabwe Chartered Accountants is the lead administrator of Makomo Resources. Prior to 2021, when Makomo was placed under receivership—a form of bankruptcy protection—due to operational and […]

AUSTRALIAN energy firm Invictus Energy Limited (Invictus) has finished its rig mobilisation and assembly to begin drilling for potential oil and gas at its second Mukuyu-2 wellsite. In December 2022, Invictus ceased drilling operations at its Muzarabani oil and gas site owing to drilling gear issues. A few months later, Invictus launched a successful capital […]

CHIEFS from Midlands province Sunday listed their expectations from Kuvimba Mining House (KMH)’s Sandawana Lithium mine in Mberengwa, stating that the resource should benefit the community first before the nation. Through their chairperson, chief Ngungumbane born Zama Mkhwananzi the chiefs said KMH now has their blessing to mine lithium after it arranged a stakeholder meeting […]

Zimbabwe’s formal mines added over 50,000 new jobs in 2022 as the industry benefitted from expansion and new projects, according to the Chamber of Mines. Dave Matyanga, chief economist for the Chamber, which represents the country’s biggest mines, says new investments in Zimbabwe mining last year saw an increase in employment figures. “The mining sector […]

THE price of metals, like nickel and aluminium, have plunged drastically from recent record highs, sending shock waves into the country’s mining industry. Experts said this week the outlook was uncertain. Against a backdrop of soaring overheads, executives predicted tougher times ahead, warning this will trigger viability challenges in the sector. In an interview, the […]