News

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 […]

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. […]