News

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 […]

On 12 October, 2011, then president Robert Mugabe officially launched the Chegutu-Mhondoro-Ngezi-Zvimba Community Share Ownership Trust. After the launch, platinum giants, Zimplats, were set to begin the process of ceding 10% shareholding to benefit communities but alas, 12 years on, the deal remains in limbo. The platinum miners registered a Deed of Trust incorporating 12 […]

Chinese investors racing to secure lithium supplies could help Zimbabwe rise to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The lithium industry in Africa’s top producer has rapidly expanded, buoyed by about $1 billion of investments during the […]

UK based opportunity driven company Galileo Resources PLC has opened up on the work plan following the recent discovery of ‘white gold’ in Kamativi in a development the top miner has described as “encouraging”. The miner said following the exciting discovery they were encouraged to advise the market and shareholders of the underlying history and […]