News

GROSS revenues at Victoria Falls Stock Exchange-listed Caledonia Mining Corporation grew by 17,4% to US$142 million last year compared to the same period in 2021, on the strength of increased gold output. The business generated gross sales of US$121 million in 2021. The mining company’s operating and financial results for the year ending December 31, […]

CALEDONIA Mining Plc has tabled plans to raise US$13,7 million through placing of new common shares in a bid to generate working capital and strengthen the miner’s balance sheet. The AIM listed company said the capital will be raised through placing of new common shares at a significant discount when compared to the shares current […]

AS the demand for electric vehicles continues to soar, China has turned its attention to Africa in search of the lithium needed for the production of EV batteries. However, as China’s presence in African mines grows, is it possible for the continent to fully seize this momentous opportunity? While this influx of Chinese investment could […]

More than 1.8 million photovoltaic panels installed over 146 modular floating units would be used for the Lake Kariba project. China Energy Engineering Group proposed building a 1,000-megawatt floating solar farm for Zimbabwe, a nearly $1 billion project, on the world’s largest man-made lake. More than 1.8 million photovoltaic panels installed over 146 modular floating […]

Tharisa, the JSE-listed miner currently building the Karo Platinum mine in Zimbabwe, says it has raised US$130 million in a debt facility secured by production. The company, which began work on the US$391 million platinum project at Selous last year, said the facility from France’s Société Générale and South Africa’s Absa Bank has a 42-month […]

Redwing Mine has resumed operations following its temporarily closed by the Environmental Management Agency (EMA) at the end of January this year after more than 20 people died in 13 months. Manicaland provincial mining director, Elton Makumbe confirmed the reopening of Redwing Mine to The Manica Post. He said: They were given the nod to reopen. […]

The government has asked ZESA Holdings to evaluate the efficacy and efficiency of three small thermal power stations, Bulawayo, Harare, and Munyati, and devise a clear strategy on how to move forward. This may result in the decommissioning of the three power plants which are now very old, with some dating back as far as […]

ZIMBABWE is committed to the value addition of its diamonds to ensure that its citizens can fully benefit from the gems, President Emmerson Mnangagwa said during the 8th session of the African Diamond Producers Association (ADPA) Ordinary Council of African ministers held in Victoria Falls. The meeting was attended by African ministers in charge of […]

The government will give miners that had stockpiled lithium ore before last year’s export ban six months to sell it, according to draft regulations. Zimbabwe last year banned the export of unprocessed lithium to force local refining, ending a rush by small-scale miners to mine lithium ore and sell it to foreign buyers. But Henrietta […]

ZIMBABWE’S power utility Zesa Holdings Ltd says it plans to build a gas-fired power station as it prepares for a potential find by Australia Stock Exchange-listed resources junior Invictus Energy, which is exploring for oil and gas in the country. After failing to strike a find during its first round of test well drilling in […]