News

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), […]

ZIMPLATS and its parent company Implats have issued 5% shares to traditional leaders in Mhondoro-Ngezi district, who will hold them on behalf of their communities. This was revealed yesterday during the commissioning of the US$104,1m third concentrator plant for ZimPlats mine in Mhondoro. The construction of the third concentrator began in January 2021 and ended […]

AUSTRALIA-LISTED Invictus Energy has commenced the second phase of its exploration programme at the Cabora Bassa project as it seeks to identify future search wells with the potential to give Zimbabwe energy security. The phase two exploration commenced with a 2D seismic programme, according to the resource outfit whose earlier explorations have so far picked […]

Platinum producer Zimplats has commissioned a new US$100 million concentrator plant to support its US$1.8 billion expansion of the country’s biggest mine. Zimplats is currently developing two mines, Bimha and Mupani, and the extra output means the mine requires extra concentrator capacity to process the additional ore. Before the new plant, the mine ran two […]

Hwange Thermal Power Station’s Unit 8, which is undergoing a series of performance tests, achieved its first full capacity of 355 megawatts (MW) on Tuesday, 14 June 2023. This was revealed by the contractor, Power Construction Corporation of China, in a post on their Twitter page. Reads the post: The output of Hwange Unit 8 […]

ZIMBABWE is losing precious minerals through porous borders, with security forces and border officials manning the entry points seriously incapacitated to plug illicit flows, a report by the Parliamentary Portfolio Committee on Defence, Home Affairs and Security Services has revealed. The country has been losing minerals, ranging from diamonds and gold through well-knit syndicates that […]

THE ministry of Mines has been forced to go back to the drawing board and revise proposed changes to the country’s mining law after Parliament flagged some legal provisions as unconstitutional. Zimbabwe is losing millions of dollars in illicit financial flows and smuggling of minerals and experts blame the country’s weak legislation and porous borders […]