News

The rush by exploration companies searching for oil and gas deposits in northern Zimbabwe has raised concerns over possible neglect of the environment, with activists fearing that lack of accountability will spawn a resource curse. Invictus Energy, a firm listed on the Australia Securities Exchange, announced last week that samples from its first test well […]

TORONTO-BASED Li3 Lithium Corp. has doubled its interest in Mutare Lithium to 50 percent and taken over operatorship and management of the exploration programme at the project in eastern Zimbabwe. The development comes after the company assumed 100% control of Li3 Resources which had a 50% interest in the Mutare project with the balanced controlled […]

CHINA’s Sinomine Resource Group has resumed operations following almost a week’s closure after a local mining watchdog raised alarm over alleged looting of lithium and other labour related issues. The ‘white gold’ miner suspended operations at its Bikita Minerals plant in Masvingo to address ‘concerns raised by authorities’ a few weeks after claims of looting […]

By Business Reporter HARARE – (Mining Index) – Wednesday 24 May 2023) – LONDON-listed Contango Holdings says it has commenced production of high value coking coal at its Lubu project in Zimbabwe. “We are pleased to advise that the production of washed coking coal commenced on Tuesday 23 May 2023 at our #CGO flagship Lubu […]

Energy and Power Development Minister Soda Zhemu has announced that Hwange Thermal Power Station Unit 7 will be back online on Monday, adding 300MW to the national output. The unit was recently taken off the national grid for further tests, but after completing reliability tests, it is now ready for final commissioning, the minister said. He said this will […]

HWANGE Colliery Company Limited (HCCL) remains under administration and on Zimbabwe Stock Exchange (ZSE) suspension, the concern’s management revealed Monday. The coal miner was placed on suspension after government which owns 38% of Hwange moved to place the firm under administration. ZSE announced that the miner will be suspended for the entire duration of the […]

AUSTRALIAN energy firm Invictus Energy Limited (Invictus) says it has exceeded its initial AU$5 million (US$3,3 million) target under an AU$10 million (US$6,7 million) capital raising initiative to fund further exploration programmes north-east of Zimbabwe. In December 2022, Invictus ceased drilling operations at its Muzarabani oil and gas dig site owing to issues with its […]

THE Chamber of Mines of Zimbabwe (CoMZ) will hold its annual general meeting (AGM) and conference in Victoria Falls from May 30 to June 2, 2023. CoMZ chief executive officer Isaac Kwesu (IK said for the first time, there will be a lithium symposium on the sidelines of the main conference running under the theme […]

Vast Resources has revealed intentions to expand its debt facility with Mercuria and Alpha Extension allows company to finalize recovery of historic parcel of diamonds in Zimbabwe Asset-backed debt facilities carry risks, including the potential seizure of collateral if the borrower defaults on the loan. Vast Resources plc, an AIM-listed mining company, has announced plans […]