News

Gold miner Caledonia Mining started the direct sale of gold produced from its Blanket mine, in Zimbabwe, to a refiner outside of the country. Since listing on the Victoria Falls Stock Exchange and following completion of the Bilboes acquisition, Caledonia has been considering various options to achieve the direct export of its gold. Unrefined gold […]

CIVIL Aviation Authority of Zimbabwe (CAAZ) head of security Cleopas Chidodo yesterday apologised to former First Lady Grace Mugabe after he told Al Jazeera journalists that she smuggled diamonds and ivory out of the country. Chidodo name-dropped Grace to undercover Al Jazeera journalists doing a documentary on gold smuggling and money laundering. In his apology, […]

LITHIUM miner Prospect Resources remains well-funded ahead of its future exploration and drilling activities, with strong cash reserves of about A$28,5 million (US$18,86 million), according to managing director Sam Hosack. Prospect commenced its initial reverse circulation (RC) and diamond drilling programme at Step Aside in early July 2022. The objective of this programme was to […]

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 […]