News

London-listed Contango Holdings’ Muchesu mine in Zimbabwe was officially opened by Zimbabwe President Dr Emmerson Mnangagwa on August 1. Contango owns 70% of the Muchesu coal project (previously known as the Lubu coal project), while the balance is owned by Zimbabwean stakeholders. The project covers 19 236 ha of the highly prospective Karroo Mid Zambezi […]

GOVERNMENT’s laxity in monitoring the mining industry has precipitated widespread gold smuggling at a time when the country is targeting a US$12 billion mining industry by 2023. Authorities in Zimbabwe have been urged to combat unlawful gold trading, corruption and money laundering in the mining industry, according to the socio-justice organisation, Transparency International. Home Affairs […]

According to Johns Hopkins University academic Steve Hanke, Zimbabwe ranks as the world’s most miserable nation. Tell that, though, to the US and European shareholders in Zimbabwean gold producer Caledonia Mining, where dividends have increased sixfold in three years. This, after seven years of plugging along with a US$150 million expansion of its reassuringly named […]

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 […]

A local resource campaigner says Zimbabwe has long surpassed the Government’s target to increase mineral revenues to US$12 billion annually from December this year but that most of the revenue is being siphoned by elites. Farai Muguwu, the executive director at the Centre for Natural Resource Governance (CNRG), said the looting of the country’s mineral […]

Kuvimba Mining House (KMH) plans to invest US$250 million into the construction of a beneficiation plant at its lithium mine operation, Sandawana Mines. KMH is 65% owned by the government. It took over Sandawana Mines in 2019 and has so far invested US$56 million. Sandawana Mines general manager Godwin Gambiza told The Standard in an […]

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 […]