News

GOVERNMENT has stepped up efforts to equip small-scale gold miners using agriculture industry-inspired methods such as equipment loans, an official has said. Small-scale gold miners have made significant contributions over the years to the industry, which is today recognised as a critical pillar, second only to agriculture, to the swift economic turnaround of the nation. […]

AUSTRALIAN energy firm Invictus Energy Limited (Invictus) has announced a share purchase plan (SPP) to raise AU$10 million (US$6,68 million) for its Mukuyu-2 appraisal and Cabora Bassa Phase 2 exploration. In December 2022, the firm, which seeks to make Zimbabwe’s first oil find, suspended drilling operations at its Muzarabani potential oil and gas dig site […]

Upstream oil and gas company Invictus Energy has launched a share purchase plan (SPP) to raise up to A$10-million to fund exploration at its 80%-owned Caborsa Bassa project, in Zimbabwe. The SPP, which will be priced at 12c a share, will consist of up to 83.3-million new ordinary shares in Invictus, with the offer price […]

The Minister of Energy and Power Development, Soda Zhemu, announced that Hwange Unit 8 is now ready for synchronisation. He also commended the improvements in power supply resulting from the full operation of Hwange Unit 7. He made the statement while speaking to journalists at the Zimbabwe International Trade Fair (ZITF) in Bulawayo on Friday. The synchronisation of […]

Lithium company Bikita Sinomine has begun construction of a $22 million power line stretching 120km from Tokwe to Bikita in Masvingo Province. The power line will supply electricity to Bikita Sinomine’s lithium mine and also electrify Bikita, Gutu, and Zaka communities and business centres. The company has allocated $2 million for the electrification of these […]

ZIMBABWE’s lithium is being smuggled at far worse rates than previously estimated, a new report said this week, blaming foreign cartels. In a report titled ‘Implications of the Lithium Mining Rush in Zimbabwe: Analysis of Legal Developments’, resources campaigner, Zimbabwe Environmental Law Association (Zela) said most of the damage had been inflicted due to lithium […]

BRITISH miner, Anglo American Plc (Angloplat) says strong production from its Unki Mine partially offset lower output at its South African units in the first quarter of this year. Total group output fell 6% to 586 000 ounces as a result of lower production from its Mogalakwena and Amandelbult mines. During the period under review, […]

An analysis by a legal think-tank alleges that lithium mining contracts by Chinese firms in Zimbabwe remain “shrouded” in secrecy, putting the country at risk of losing millions through undervaluing of the in-demand mineral. A research conducted by the Zimbabwe Environmental Law Association (Zela) in conjunction with the Africa Institute of Environmental Law titled Implications […]