News

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 […]

Zimbabwe produced a total of 16 855kg or 594 543 ounces of gold in the first seven months of this year, translating to about US$1,1 billion in value, statistics from Fidelity Gold Refinery (FGR) show. Last year in the same period, gold output stood at around 18 940 kgs. As usual, in the period under […]

KUVIMBA Mining House subsidiary, Bindura Nickel Corporation (BNC), incurred a loss in the quarter ended June 2023 after experiencing the disproportionately high operating costs and low production during the period under review. In a trading update for the period April to June 2023, BNC company secretary Conrad Mukanganga said the nickel mining firm also experienced […]

TOP miner, Red Rock Resources Plc has engaged agents in China in a bid to discuss the modalities to sell lithium ores. In a recent update, the Africa, South America and Australia-focused natural resource exploration and Development Company said discussions had begun with sales agents in China for sale of lithium ores. The mining firm, […]

China’s Canmax Technologies and Premier African Minerals have resolved their dispute over a lithium concentrate supply contract that was delayed by a defective processing plant, the two companies said. The offtake agreement is for the supply of 48,000 metric tons of spodumene concentrate to Canmax from the London-listed Premier’s Zulu lithium mine in Zimbabwe. This […]

Zimplats is now importing 50MW of power from Zambia while pushing ahead with the construction of a solar plant, as it seeks more energy to power its US$1.8 billion expansion. The company, Zimbabwe’s biggest platinum producer, commissioned a new concentrator in September last year, which increased million output by 10% compared to the same time […]

RESOURCES giant Kuvimba Mining House (KMH) is set to sink US$50 million on a four-phased extensive exploration programme at its Sandawana mining lease to determine total lithium resources and associated minerals. KMH, which is 65% owned by the government, took over Sandawana Mines in 2019. Officials said the firm has so far invested US$56 million […]