News

Invictus Energy has accepted US$1,7 million in over subscriptions after the company successfully raised US$8,2 million in their Share Placement Plan (SPP). Initially the company set out to raise US$6,4 million. Invictus is an independent upstream oil and gas company headquartered and listed on the Australian Securities Exchange with offices in Harare. Recently, Invictus confirmed […]

Zimbabwe wants lithium miners operating in the country to work towards producing battery-grade lithium locally and could impose a tax on exports of lithium concentrate in future, Mines Minister Winston Chitando said on Wednesday. The country holds significant reserves of lithium, a battery mineral which is vital to the global drive towards cleaner energy technologies, […]

A family from Kwekwe, Midlands Province, narrowly escaped death after part of their house collapsed into an underground mining tunnel underneath the house. The Chronicle reported that the Rusike family has been unknowingly living on top of a huge mining tunnel for years. The family detected some noises due to mining activities underground and vacated […]

PROSPECT Lithium Zimbabwe (PLZ), a member of Zhejiang Huayou Cobalt Company Limited, a global battery maker, says it has extracted 30 000 tonnes of lithium with their plant still at commissioning stage. Full production is yet to commence as the company is still testing machines at its Goromonzi plant. The company’s Public Relations Manager, Rugare […]

ZIMBABWE’S mining sector has continued to be a significant economic pillar, contributing almost 80% of the country’s exports last year and supporting more than 38 000 formal jobs, according to Chamber of Mines of Zimbabwe (CoMZ) president Colin Chibafa. Additionally, the industry supports approximately 500 000 artisanal and small-scale miners and generates more than 20% […]

LITHIUM miner, Prospect Resources Limited (PRL) has announced the discovery of high-grade lithium deposits at its Step Aside Mine, in Goromonzi, following the completion of its second diamond drilling phase. Step Aside Mine, acquired by PRL in March 2022, is eight kilometres north of the miner’s former mining prospect, Arcadia Lithium Mine which was sold […]

GOVERNMENT and the Zimbabwe Consolidated Diamond Corporation (ZCDC) have backed down from a protracted confrontation with the Chiadzwa community over a contentious proposal to invest US$400 million in a platinum project. ZCDC and the Mines ministry have been at loggerheads with the Chiadzwa Community Share Ownership Trust (CCSOT), which was querying plans to have the […]

AFRICA-FOCUSED minerals and metals project developer, Premier African Minerals has gone to the market, seeking to raise £2,4 million (US$2,97 million) to fund pilot plant optimisation for its ongoing Zulu lithium and tantalum project in Zimbabwe. The funds are being raised by way of placement. The first placement to raise £1,8 million (US$2,22 million) before […]

CENTRE for Natural Resource Governance (CNRG) has reported “grinding” poverty in the heart of one of the nation’s top diamond producing areas, Marange, which generates four million carats annually. Located in Chiadzwa, Mutare district, the Marange diamond fields are home to widespread artisanal diamond miners. Some have speculated that this area may hold one of […]

GOLD production at Cam & Motor Mine — one of RioZim Limited’s flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that came into operation last year. RioZim’s mining operations include Renco Gold Mine, Cam & Motor Gold Mine, and Empress Nickel Refinery. […]