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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 […]

PLATINUM miner Zimplats Holdings Limited has reported a 23% decrease in revenue to US$962,3 million in the year ended June 30, 2023, owing to softer metal prices during the period. In the comparative 2022 period, Zimplats had revenue of US$1,2 billion. The weaker metal price is owing to lower demand for the end products derived […]

MIMOSA Mining Company (Mimosa) says six elements (6E) in concentrate volumes declined by 1% to 245 000 ounces during the financial year ended June 30, 2023 (FY23) due to severe load-shedding, among other challenges. 6E includes platinum, palladium, rhodium, gold, ruthenium and iridium. Mimosa is jointly owned by Impala Platinum Holdings (Implats) and Sibanye Stillwater. […]

RESOURCE outfit Premier African Minerals (Premier) seeks to raise £4 million (US$5,03 million) before expenses, through placement and direct subscription for the ongoing Zulu lithium and tantalum project pilot optimisation. According to a shareholder update, Premier on August 25, 2023 issued by way of a placing and direct subscription, 1 142 857 143 new ordinary […]

UNITED KINGDOM-BASED Galileo Resources says the lithium discovery at Kamativi has given it much “encouragement and provided the impetus” to increase drilling. The firm has interests in Zimbabwe’s Bulawayo Gold Projects and Kamativi Lithium Project. “Following our exciting discovery, we thought it prudent and informative to advise the market and shareholders of the underlying history […]

Centre for Natural Resource Governance (CNRG) has called for local mineral wealth beneficiation, describing the country’s mining sector as “an enclave economy” detached from people’s aspirations. This comes as most of the country’s minerals are exported without beneficiation with the government only banning the raw export of lithium in December 2022. Experts have found that […]

PLATINUM producer Zimplats has spent US$443 million during the quarter to June this year towards major capital projects, including the development of Mupani Mine and Bimha Mine upgrade as part of its expansion programme.. In its quarterly report for the period ended June 30, 2023, the platinum miner said the Mupani and Bimha mine projects […]

UPSTREAM oil and gas firm Invictus Energy Ltd says a number of positive advances made in the past month have brought the company closer to beginning its historic Mukuyu-2 (M-2) drilling operation. Construction at the selected M-2 wellsite, according to Invictus managing director Scott MacMillan, has commenced with clearing and compaction complete, and well trajectory […]