News

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 […]

Invictus Energy has marked the site of the Mukuyu-2 well which will be located approximately 6.8km north-east of their first expedition. While the project is the first oil mining expedition in Zimbabwe, Invictus said the further discovery of oil, gas, and helium will unlock the value of our material portfolio in the Cabora Bassa Basin. […]

MINING giant Duration Gold has engaged CBZ Capital as an exclusive advisor in preparation for the sale of Gaika Mine in Kwekwe. Duration Gold, which also runs Vumbachikwe in Gwanda and other early-stage exploration projects, took the decision to streamline its operations despite already having invested over US$10 million at Gaika. “Duration’s strategic decision to […]

RENCO Mine workers downed tools on Friday last week over a wage dispute. Zimbabwe Diamond Mineral and Allied Workers Union general-secretary Justice Chinhema said the workers were protesting over delayed salaries and they had decided to adopted a “no work, no pay” strategy to press for their demands. Renco Mine is a subsidiary of the […]

SINOMINE Group is set to generate US$500 million in exports from the two recently commissioned plants at Bikita Minerals. China’s Sinomine Resource Group, referred to as China Mineral Resources, last year tabled plans to invest around US$300 million to build a lithium plant and expand existing operations at the Bikita Minerals lithium mine in Zimbabwe. […]

HWANGE coal-mining firm South Mining Mutagech has reportedly dismissed 25 employees after they demanded protective equipment. Confirming the dismissals, Solidarity Mine Workers Union of Zimbabwe secretary-general Prince Mpala said the workers were dismissed last week on Thursday. “South Mining Mutagech (Hwange) dismissed employees after they demanded proper protective equipment/clothing. Twenty-five employees (were) dismissed by a […]

LONDON based mining firm, Vast Resources says it has managed to raise a total £1,7 million through a shares placement to cover unforeseen expenses and ongoing projects. Shares placement is a common method of raising business capital by offering equity shares and taking advantage of the strategy, the AIM trading company which currently has viable […]

THE Zimbabwe Diamond and Allied Mineral Workers Union (ZDAMWU) has challenged union leaders to acquaint themselves with labour laws to effectively represent workers in the wake of escalating unfair labour practices countrywide. “As we continue to push for reforms within our National Employment Council and the impending Labour Act, ZDAMWU’s focus will be to educate […]