122 views
FEATURED
Mining Index Zimbabwe
- April 14, 2023
122 views 48 secs

Magnetite production set to rake in US$15m annually

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 […]

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71 views
FEATURED
Mining Index Zimbabwe
- April 14, 2023
71 views 3 mins

Lithium exports to surpass gold, says Zida chief

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 […]

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275 views
FEATURED
Mining Index Zimbabwe
- April 13, 2023
275 views 6 mins

Adverse weather impacts on Tharisa’s quarterly results

Platinum group metals (PGMs) and chrome producer Tharisa Mining’s volume recovery was slower than expected in the quarter ended March 31 owing to continued adverse weather, which impacted on flexibility in the openpit. To address this issue, Tharisa appointed a contractor on a short-term basis to assist with waste mining from May 1. Challenging weather […]

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130 views
FEATURED
Mining Index Zimbabwe
- April 13, 2023
130 views 40 secs

41 Zimbabwean border jumpers arrested in SA for illegal chrome mining

Forty-one undocumented Zimbabweans were arrested in South Africa for illegal chrome mining. In a statement, police spokesman Colonel Malesela Ledwaba said the suspects will appear before the Mecklenburg Magistrate’s Court this Thursday. Said Ledwaba: The suspects were apprehended during a joint intelligence operation conducted by the members of the Provincial Illegal Mining Task Team, Provincial […]

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204 views
FEATURED
Mining Index Zimbabwe
- April 12, 2023
204 views 2 mins

Caledonia raises $5.8m in Zimbabwe placing

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 […]

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155 views
FEATURED
Mining Index Zimbabwe
- April 11, 2023
155 views 6 mins

Former SA Treasury boss is to lead Moti’s ambitious billion-dollar Zimbabwe lithium battery plan

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 […]

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173 views
FEATURED
Mining Index Zimbabwe
- April 6, 2023
173 views 56 secs

Karo Mining appoints Gloria Zvaravanhu as independent nonexecutive director

Miner Karo Mining Holdings has appointed Gloria Zvaravanhu as an independent nonexecutive director and chairperson of the audit committee. A chartered accountant and a highly accomplished professional with a number of postgraduate qualifications, including a Masters in Business Leadership from the University of South Africa, and a Masters in International Business Law from University of […]

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249 views
FEATURED
Mining Index Zimbabwe
- April 6, 2023
249 views 56 secs

Invictus seeks to raise A$10m

Upstream oil and gas company Invictus Energy will raise A$10-million in a private placement to sophisticated and institutional investors to fund preparations for the Mukuyu 2 appraisal well programme, and Phase 2 exploration programme, in Zimbabwe. The company has received firm commitments for the placement of 83.33-million new shares, at a price of 12c each, […]

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307 views
FEATURED
Mining Index Zimbabwe
- April 6, 2023
307 views 8 mins

Al Jazeera exposé: Zim in a big hole

INTERNATIONAL watchdogs have developed interest in reports that some of the region’s strongest gold mafia are ruling the dark economy from Zimbabwe, triggering fears that the country’s tug as a pariah State might not end for a long period to come. This week’s developments followed a swell of anger and outrage in Zimbabwe after the […]

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475 views
FEATURED
Mining Index Zimbabwe
- April 6, 2023
475 views 3 mins

Gold Mafia: Alleged money launderer explains how Zim gold is used to clean “dirty” cash

In Part 3 of the Gold Mafia Al Jazeera documentary titled “El Dorado”, undercover reporters visit tour Dubai where they uncover how gold from Zimbabwe is used to launder vast sums of money by one of Africa’s self-confessed money launderers, Kamlesh Pattni. According to Al Jazeera, Pattni exports gold from Zimbabwe through his company Suzan […]

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