News

Despite the outlook calling for improving weather conditions, including anticipated rainfall and cooler temperatures, the mining industry in Canada’s Ontario and Quebec provinces is grappling with a disruptive blow caused by persistent wildfires. Record-setting wildfires have been wreaking havoc across Canada since March, reaching peak intensity this month. Experts have marked the ongoing wildfire season […]

As the economy continues to tumble, some rural communities have resorted to harbouring illegal miners and traders from authorities in exchange for cash to help cushion themselves against poverty, a report has revealed. The report titled ‘Illicit Trading In Minerals and Mineral Leakages’ was presented in Parliament by the Portfolio Committee on Defence, Home Affairs […]

Former finance minister Tendai Biti has called for a raft of measures including stripping the central bank’s Fidelity Printers and Refiners (FPR) of its sole right to buy gold as part of efforts to curb minerals smuggling Speaking in parliament, Biti also called for the immediate amendment of the Gold Act to allow various financial […]

GREAT Dyke Investments (GDI), which is developing a platinum mining project in Darwendale, says it has pumped close to US$100 million into the mega project as it prepares to kick-start operations. State-owned Kuvimba Mining House (KMH) assumed full control of the mine after Russian firm Afromet, a joint venture partner in the project, withdrew as […]

The parliament of Zimbabwe on Thursday urged the government to strictly monitor the gold industry, which is a pillar of the country’s economy. The parliamentary portfolio committee on defence, home affairs and security services released a report on the security of the country’s gold production and sales, after the parliament carried out a comprehensive enquiry […]

BIKITA Minerals, a lithium miner owned by Chinese firm Sinomine Resource Group, this week projected that exports will generate US$500 million this year. Sinomine acquired Bikita Minerals, which was previously controlled by African Minerals Ltd for US$180 million in January last year. Bikita Minerals manager David Mwanza told delegates at the Chamber of Mines conference […]

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of ZESA Holdings,  increased electricity tariffs with effect from 6 June 2023. In a notice,  ZETDC said consumers will get the following on their first purchase (domestic tariff): 50 Units / kWh – $3 755.00 100 Units / kWh – $11 280.00 150 Units / kWh […]

Stanbic Bank has called on mining stakeholders to work together to unlock the full potential of the sector and its value chain. The Standard Bank Group Subsidiary’s Chief Executive (CE), Solomon Nyanhongo said the mining sector has the potential to drive sustainable growth and development across Africa and beyond especially if key stakeholders all work […]

AUSTRALIAN firm Invictus Energy (Invictus) has raised a combined A$35,4 million (about US$23,57 million) to fund the next phase of its Cabora Bassa exploration and appraisal programme, a company official said. The company — which aims to pipe Zimbabwe’s first oil barrels — has been on the market seeking funds as it gets ready to […]