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United Kingdom-headquartered firm that owns claims for rare earth elements and tungsten in Zimbabwe, Premier African Minerals, says it looking at restarting operations after completing laboratory tests with no further changes on the Zulu Lithium plant. In February this year, Premier announced its intention to raise £2,4 million (about US$3,15 million) to fund the Zulu […]

Zimbabwean companies should invest in the latest technologies so that they can compete with other entities targeting the country’s chrome resources, Kuvimba Mining House head of bulk commodities Deric Dube has said. Zimbabwe has been exporting its chrome ore to several countries due to its inability to process alluvial chrome deposits. Addressing journalists touring the […]

ZIMBABWE is sitting on huge amounts of methane gas discovered in Lubimbi area, Lupane, Matabeleland North province but has over the years failed to secure an investor to kick-start the project. Opposition legislator Thokozani Khupe told the deputy Speaker Tsitsi Gezi this Tuesday that the methane gas in Lupane – Lubimbi area has a capacity […]

Sixteen years after it shut down its furnaces, one of Zimbabwe’s biggest ferrochrome producers, ZimAlloys, is finally back in production. The Gweru company has fired up the first of its three furnaces for the first time in years. Now, it is investing US$45 million to restart two other furnaces and reach annual annual ferrochrome output […]

Gold deliveries have spiked 37 % to 3.4 tonnes in the month of August from 2.479 tonnes delivered in the prior comparative period, Business Times can report. This was confirmed by Fidelity Gold Refinery (FGR) general manager, Peter Magaramombe. “Miners are delivering good numbers to FGR owing to favourable conditions on the ground and timeous […]

Finance Minister Mthuli Ncube has told Parliament that government’s US$4.5 billion valuation of Kuvimba Mining House is justified. The government loaned the Mutapa Investment Fund US$1.6 billion to buy a 35% stake in Kuvimba. That transaction implies a US$4.5 billion valuation for the mining company. The 35% stake was reportedly held by a “management consortium”, […]

PLATINUM output from Zimbabwe is forecast to remain stable this year as the global demand is seen growing 3% to +226koz( thousand ounces), NewsDay Business can report. This is coming at a time when the Exchange Traded Funds (ETFs) holdings are expected to remain net positive while Chinese large bar sales are seen growing. A […]