News

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 […]

GROSS revenues at the Victoria Falls Stock Exchange-listed resources giant Caledonia Mining Corporation marginally dropped by 0,2% to US$37 million in the second quarter of this year due to the costs of waste-stripping at the Bilboes oxide operation. Last year in the same period, revenues stood at US$37,09 million. Bilboes, which is one of Caledonia’s […]

Zanu-PF Kwekwe Central Parliamentary aspirant Energy Ncube has said Globe and Phoenix Primary school pupils are still learning in makeshift tents several months after their classrooms caved in. Speaking at a constituency rally recently, Ncube said processes need to be expedited so that lessons can resume in a conducive environment. The school collapsed about four […]