News

London Stock Exchange-listed mining outfit, Galileo Resources says its claims at Kamativi could contain more minerals, including lithium, tin and rare earth elements. Galileo said it had found pegmatite rock in the western parts of Kamativi during exploration, which was an indication that there could be various minerals within the claims, which required further investigation. […]

Caledonia Mining Corp PLC said on Friday it issued a further 1,814 shares in Zimbabwe placing. The Jersey-based gold producer said the total raised by the Zimbabwe placing following the issue of shares is approximately USD5.9 million for the issue of a total of 425,765 Zimbabwe depositary receipts. This statement comes after Caledonia Mining announced […]

The Al Jazeera Investigative Unit recently released a four-part documentary called “Gold Mafia” exposing gold smuggling and money laundering gangs in southern Africa. The documentary revealed how the gang members get rich while plundering their nations and keeping millions in abject poverty. The four episodes are: Episode 1 – The Laundry Service Episode 2 – […]

Karo Platinum says it plans to start trial mining shortly to test the resource at its new US$391 million mine at Selous. The company says “extensive earthworks” at the site have started. Karo has awarded contracts for the pouring of the foundations for all plants and infrastructure, and for installation for 31km high-voltage power line […]

The former first lady, Grace Mugabe, allegedly used her position to smuggle diamonds and ivory out of the country without her husband’s knowledge and her luggage was not subject to search. Grace was the wife of the late former President Robert Mugabe who died in 2019, almost two years after he was deposed in a […]

Uebert Angel’s lawyer Lovemore Madhuku on Friday told the media that his client had no personal relationship with the First Family. He was responding to the Gold Mafia documentary, a four-part investigation by Al Jazeera’s Investigative Unit (I-Unit). Angel was one of the key figures in the documentary where he allegedly offered to launder cash […]

Self-proclaimed prophet Uebert Angel has denied allegations against him in the Al Jazeera Gold Mafia documentary. Angel, who was appointed Ambassador at Large and Presidential Envoy to Europe and the Americas by President Emmerson Mnangagwa in 2021, said his words and actions filmed by Al Jazeera’s Investigative Unit (I-Unit), were staged and a classified national […]

Mines and Mining Development Minister Winston Chitando could cancel Todal Mining’s licence after the investor reportedly abandoned the project. The Todal Mining claims are adjacent to AngloPlat’s Unki Mine in Shurugwi, Midlands Province. According to a report by The Zimbabwe Independent, Todal’s claims were taken from Anglo-American Platinum over a decade ago and handed to […]

GOVERNMENT has revealed that the US$3 million magnetite production expansion at Dorowa Minerals is expected to generate US$15 million in foreign currency earnings per annum. Magnetite is a magnetic rock mineral and one of the main iron ores which have several domestic and industrial uses including separating coal from waste, while for domestic purposes it […]