News

UK-listed Kavango Resources says it is in the late stages of discussions over a potential two-year option to acquire a gold exploration and development project in Zimbabwe as well as separate talks for an equity investment. The mining company said the project area in Zimbabwe covers a number of contiguous gold claims over a 3.4-kilometre […]

ZIMBABWE is targeting to generate US$3 billion from Platinum Group Metals (PGMs) this year, an increase of 36% compared to last year, a government official said. PGMs are essential and precious metals, which include platinum, palladium, rhodium, iridium, osmium and ruthenium. They are used in several industrial processes, technologies and commercial applications. Zimbabwe is the […]

STATE-run resources firm Kuvimba Mining House (KMH) has been given a Cabinet approval to sell Ziscosteel’s vast iron ore reserves worth about US$500 million, officials said this week. The government holds 65% shareholding in the firm. KMH has injected US$1 million into the firm under a revitalisation plan entered with government in 2022. Ziscosteel has […]

THE government has directed an arms manufacturing company controlled by the Zimbabwe National Army to halt lithium exports after unearthing explosive corruption linking its senior officials to illegal exports. There was outrage over government’s decision to grant the army’s Zimbabwe Defence Industries (ZDI) a special permit giving it exclusive rights to export raw lithium to […]

CENTRE for Natural Resource Governance (CNRG) executive director Farai Maguwu has warned that the proposal by Shalom Mining Corporation Private Limited (SMCPL) to explore Mana Pools for oil could result in an ecological disaster. In the Government Gazette dated April 28, 2023, Mines and Mining Development ministry permanent secretary Pfungwa Kunaka announced that SMCPL had […]

THE Mines and Mineral Amendment Bill expected to correct loopholes that resulted in the exploitation of the country’s minerals has been described as disadvantaging indigenous people who cannot afford the money required to mine strategic minerals. This was revealed in an adverse report tabled in Parliament by the Parliamentary Legal Committee’s chairperson Jonathan Samukange. In […]

VICTORIA Falls Stock Exchange-listed crocodile breeder Padenga Holdings Limited (Padenga) has returned to profitability after recording a turnover of US$127,9 million for the full year 2022, an increase of 68% from the previous year. In 2021, the group recorded a turnover of US$76,1 million. The financial year which ended on December 31, 2022, according to […]

KUVIMBA Mining House will inject US$1 million into ZISCO’s resuscitation strategy mainstreamed under the Mining Project and Steel Project in a development that is set to unlock opportunities for several businesses in the value chain. The Zimbabwe Iron and Steel Company (ZISCO) was the largest steel works in Zimbabwe employing about 5,500 people in the […]

Zimbabwe is talking up a US$12 billion mining industry and riding a lithium wave, but the country still has much to do to clear perceptions among some of the world’s most influential resource investors. An annual survey by Canada’s Fraser Institute, which polls over 2000 mining investors each year on where they prefer to invest, […]