News

REDCLIFF-BASED steelmaker ZiscoSteel requires roughly US$32 million to resuscitate the iron ore mining business and restart limestone mining, a company official said last week. Kuvimba Mining House (KMH) was appointed by the government in December last year to oversee the resuscitation of the firm. ZiscoSteel board chairperson Martin Manuhwa said during a media tour that […]

The Moti Group has said a Chinese company with which it planned to develop a $1 billion lithium processing plant in Zimbabwe is halving its stake in the venture, dealing the project a potential blow. Moti Group’s Pulserate Investments holds a 10 000 hectare lithium exploration concession in the northeast of the country, Africa’s biggest […]

ZIMBABWE Iron and Steel Company (Ziscosteel) says it is assisting its former employees to get their pension pay-outs adding the obligation now lies with the government. The development follows the coming on board of Kuvimba Mining House (KMH) which is investing US$1, 3 billion over three years to breathe a new lease of life into […]

Newly-elected Chamber of Mines of Zimbabwe president Thomas Gono (TM) has said his main priority is to address issues that undermine mining operations’ viability, such as power shortages and foreign exchange constraints that have resulted in output declines in the first half of 2023. In a recent interview with Zimbabwe Independent, during which he discussed […]

THE Zimbabwe Investment and Development Agency (ZIDA) approved two mining Public-Private Partnerships (PPPs) in the second quarter of this year, with a combined value of US$US$28.6 million. The PPPs will proceed to the feasibility study stage, according to Zida’s 2023 second quarter report. The two mining PPPs approved are for copper and graphite. A Zimbabwe […]

Invictus Energy has said at least 425km of seismic line preparation has been completed ahead of the data acquisition which is expected to be complete by mid-August. 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 through […]

THE Labour Amendment Act, recently signed into law by President Emmerson Mnangagwa, has a lot of omissions from the initial Bill, the Zimbabwe Diamond, Mineral and Allied Workers Union (ZDMAWU) has said. Mnangagwa assented to the Labour Amendment Act No 11 2023 last week. In an interview yesterday, ZDMAWU secretary-general Justice Chinhema said he supported […]

GOLD production at Caledonia Mining Corporation (Caledonia)’s flagship operation — Blanket Mine — declined 9% to 33 472 ounces in the first half of this year compared to the prior period due to several first quarter mechanical breakdowns. The Victoria Falls Stock Exchange-listed mining concern also said its asset, Bilboes Oxides would be placed under […]

THE mining sector attracted the most investment in the second quarter of this year, with 62 new licences issued, constituting a projected investment value of US$202,7 million, according to the latest Zimbabwe Investment and Development Agency (Zida) report. The report also indicates that the construction sector was the second-largest recipient of investment, with six new […]