News

ZIMBABWE’s output of Lithium, registered a 169,5% increase in the first quarter of 2023, signifying a huge step taken so far in exploiting one of the world’s most sought after commodities in recent times, Zimbabwe National Statistics Agency (Zimstat) reported Thursday. Zimbabwe is the world’s fifth largest lithium producer whose lithium output has increased steadily […]

AIM listed mining giant, Vast Resources Plc has agreed to a debt extension with Mercuria Energy Trading SA to December 30, 2024 in a development which will allow the company to finalise the settlement of historic claims in Zimbabwe. Vast Resources Plc is a multi-commodity mining and resource development company. It has exploration and development […]

Kuvimba Mining House (KMH) owned Shamva Gold Mine has constructed a new morgue in the district, with a capacity to hold up to 11 bodies. The state of the art facility was built at Shamva District hospital and is open to the whole community. This development comes as a relief to a community that previously […]

ZIMBABWE’S leading platinum producer Zimplats says it expects the construction of its 35 megawatts (MW) solar plant at Selous Metallurgical Complex (SMC) to be complete at the end of next month. The project is the first phase of the 185MW solar plant valued at US$201 million. “Implementation of the solar plant at SMC, which is […]

SHAMVA Gold Mine, owned by Kuvimba Mining House (KMH), says the development of its US$140 million open pit project at Shamva Hill is at an advanced stage, with pre- and bankable feasibility studies have been completed. Government owns 65% of Kuvimba, which in 2020 acquired Shamva from Metallon in a wave of mine asset purchases. […]

THE Zimbabwe Diamond and Allied Mineral Workers Union (ZDAMWU) is pushing for USD salaries for its members arguing that the ZWL remuneration is being eroded by inflation. Despite being a major foreign currency earner for the country, mine workers are living in penury due to loss in value of their local currency earned salaries. Most […]

Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially viable discoveries, managing director Scott Macmillan says. Invictus last month said a mud gas analysis from its Mukuyu-1 exploration well drilled last year confirmed the presence of light oil, gas condensate and helium at the Cabora Bassa project in northern […]

Two UK-listed companies have passed key milestones in their push to start mining lithium at separate projects in Zimbabwe, reflecting sustained interest in Zimbabwean lithium despite an uncertain outlook for the battery metal. Galileo Resources, listed on London’s AIM market, announced on Thursday that it has started a drilling programme at the Kamativi target, where […]

Power utility ZESA has started drawing power from Hwange Unit 8, the second of two 300 MW generating units built at a cost of US$1.4 billion. Testing of the coal-fired unit began on June 9, just days after tests were completed on Unit 7, which is now operating at full capacity. Zimbabwe generated 1,501 MW […]

GOLD Miner, Metallon Corporation will take over operations at the scandal-ridden Redwing Mine in Penhalonga following the removal of the gold mine from corporate rescue by the Supreme Court in September last year. The gold mine has been subject to damning reports of plunder and smuggling by artisanal miners contracted by Prime Royal Mining (PRM), […]