News

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 […]

CALEDONIA Mining Corporation Plc first quarter of 2023 gold output recorded a slight slump at its two mines owing to mechanical breakdowns and inconsistent grades among other factors. In an update this week, the top miner said production at Blanket Mine was 16,036 ounces, 13% lower than the quantity produced in the first quarter of […]

Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager, Tongai Muzenda has died. He was 57. Muzenda, who was a son of the late Vice President Simon Muzenda, was involved in a car accident on Wednesday evening. His death was confirmed by Ministry of Mines and Mining Development Permanent Secretary Pfungwa Kunaka. I’m really saddened. The […]

THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said. The gold coins, weighing one troy ounce with a purity of 22 carats, sold at US$1,823.83 at launch […]