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FEATURED
Mining Index Zimbabwe
- August 10, 2023
519 views 4 mins

British company commissions Zimbabwe’s newest coking coal mine

It was not just just the layers of coal that stood out as President Emmerson Mnangagwa pulled the veils on the country’s newest coal mine on Monday. It was also the thick layers of irony. Western governments are pushing developing nations such as Zimbabwe to ditch coal, but it is a British company that has […]

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494 views
FEATURED
Mining Index Zimbabwe
- August 10, 2023
494 views 2 mins

Small-scale miners seek to ramp up gold output

SMALL-SCALE miners have pledged to increase gold production this year by more than 25 tonnes, given that the government continues to give them a favourable operating environment. According to ZMF, the apex government body that represents small-scale gold miners, artisanal miners contribute 60% of the total gold production in the country Last year gold output […]

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241 views
FEATURED
Mining Index Zimbabwe
- August 9, 2023
241 views 2 mins

Invictus records positive progress on oil and gas expedition data acquisition

Invictus Energy Limited has completed Cabora Bassa CB23 2D seismic data acquisition with the preliminary field processing showing structural closure at multiple target intervals, the group has revealed. The energy utility group which is embarking on the first oil and gas exploration in Zimbabwe said the campaign has so far provided business to local suppliers […]

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903 views
FEATURED
Mining Index Zimbabwe
- August 9, 2023
903 views 9 mins

Mberengwa communities demand fair game…as Kuvimba raises hopes with lucrative lithium find

IN OCTOBER 2022, Mberengwa — a remote outback district in Zimbabwe’s Midlands province, was just another impoverished region where villagers struggled to make ends meet. Perennially saddled with droughts due to low rainfall, Mberengwa is one of Zimbabwe’s poorest districts where some villagers battle grinding food shortages. Still concerns permeate through the district that while […]

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438 views
FEATURED
Mining Index Zimbabwe
- August 9, 2023
438 views 2 mins

Vast diamonds deal to sail through after RBZ action

Resources outfit, Vast Resources says it expects to finalise its mining agreement on the Community Diamond Concession in Marange after the release of its parcel being held by the central bank. The 129 400 carats diamonds parcel has been held at the Reserve Bank of Zimbabwe for the past 12 years after Vast surrendered them […]

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243 views
FEATURED
Mining Index Zimbabwe
- August 7, 2023
243 views 6 mins

Zim loses more than US$23b through IFFs

Zimbabwe lost more than US$23 billion through illicit financial flows (IFFs) between 1980 and 2018, a new report compiled by the African Development Bank (AfDB) shows. Other sources, however, said the figure was too conservative. In its 2023 Southern Africa Economic Outlook Report, the regional financier said there is evidence of significant IFFs in southern […]

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239 views
FEATURED
Mining Index Zimbabwe
- August 7, 2023
239 views 5 mins

Artisanal mining fuels/brews human-wildlife conflict in protected areas

ENVIRONMENTAL protection activities and action plans should act as deterrents to artisanal miners or small-scale miners operating in protected areas. The largely unregulated gold mining activities are taking place throughout Africa South of the Sahara and in southern Africa, particularly in Zimbabwe and causing serious deforestation and environmental degradation. In Zimbabwe, the illegal miners’ activities […]

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255 views
FEATURED
Mining Index Zimbabwe
- August 7, 2023
255 views 4 mins

Invictus injects US$8m into exploration programme

INVICTUS Energy, a firm hoping to make Zimbabwe’s first oil find, spent A$12,664 million (about US$8,41 million) in exploration and evaluation activities during the quarter ended June 30, 2023, NewsDay Business can reveal. In an update on its financial and operational performance for the quarter ended June 30, 2023, Invictus said it was well-funded for […]

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258 views
FEATURED
Mining Index Zimbabwe
- August 7, 2023
258 views 2 mins

Mining laws disadvantage locals: US embassy

ZIMBABWE lacks mining legislation that protects locals from exploitation, resulting in their failure to benefit from natural resources in their communities, a United States (US) official has said. Acting US embassy public affairs officer Rebecca Archer-Knepper applauded government for its “positive steps” to encourage foreign investment, which includes the formation of the Zimbabwe Investment Development […]

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298 views
FEATURED
Mining Index Zimbabwe
- August 7, 2023
298 views 2 mins

Galileo Resources drills hint on lithium at Kamativi

UK-based opportunity-driven company, Galileo Resources Plc has reported discovering key lithium sources after recent drills at Kamativi in Zimbabwe. In a recent update, the top miner said the discoveries were found over substantial widths in the first two holes with the longest running zone stretching from 28.3 meters (m) to 46.3m in hole KSDD001. The […]

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