News

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 […]

Zimbabwe Investment and Development Agency (Zida) chief executive officer Tafadzwa Chinamo says lithium can surpass gold as a high forex earner for the country as investor interest keeps growing. In an interview with NewsDay Business recently, Chinamo stated that there had been a considerable surge in investor interest in lithium this year. “Investor interest is […]

Gold miner Caledonia Mining Corporation has announced the conclusion of a placing that raised $5.8-million on the Victoria Falls Stock Exchange. The Zimbabwe placing received strong support from new and existing institutional investors, with a total 423 951 Zimbabwe Depository Receipts (ZDRs) having been placed at a price of $12.74 apiece. Additionally, a total 781 […]

The former head of South Africa’s National Treasury has been tasked with cleaning up a scandal-dogged company that’s contemplating partnering a Chinese battery maker in a US$1 billion lithium operation in Zimbabwe. Dondo Mogajane aims to restructure and improve compliance at Johannesburg’s Moti Group. Founder Zunaid Moti says his reputation is hindering the fortunes of […]