News

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective March 6, 2023. In a statement, the regulator said petrol would now be sold at US$1.62 or ZW$1455.32 up from US$1.59 or ZW$1 241.01 announced on 26 January 2023. The authority also said the retail price for diesel is now US$1.67 or ZW$1 […]

EFFORTS to evade a US$234 500 debt by Marange Resources Pvt Ltd have flopped after the High Court said the company cannot be excluded from the claim given existing facts. The company has not yet been ordered to pay the amount but High court judge Justice Bongani Ndlovu ruled that it must explain its defence […]

Zimbabwe’s power crisis has deepened as the total generation by the country’s power utility, ZESA Holdings, has continued to fall since the end of February. According to the Zimbabwe Power Company, ZESA Holdings’ subsidiary responsible for power generation, on 03 March 2023, the total output from its five power stations was 260MW. This is against […]

Desperate for capital after the pull-out of Russian investors stalled the Darwendale platinum project last year, Kuvimba Holdings wants state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to put in US$400 million for a 33% stake in the operation. Vi Holdings of Russia had hoped to build what would be Zimbabwe’s biggest platinum mine, but delays in […]

London-listed natural resource development company Contango Holdings has completed construction of a small-scale coke battery at its Lubu coal project, in Zimbabwe. The pilot coke plant will provide on-site capability to manufacture coke from washed coking coal produced at Lubu for testing by future offtake partners and for the company’s internal studies and quality control. […]

China National Resources (CHRM), an exploration company listed on the NASDAQ stock exchange, has announced that it could pay up to US$1.75 billion for a lithium operation in Zimbabwe. In a statement, the company announced that it will buy Williams Minerals, which holds lithium claims in Zimbabwe, potentially joining a queue of global companies buying […]

THE Zimbabwe Stock Exchange-listed resources outfit RioZim is in danger of collapsing if action is not taken quickly, a trade union warned yesterday, asking the government to step in and preserve jobs. The Zimbabwe Diamond Mineral and Allied Workers Union (Zdamwu) wrote to Mines and Mining Development minister Winston Chitando stating that RioZim was experiencing […]

The new Unit 7 at Hwange Thermal Power Station is expected to come on the grid on 16 March while Unit 8 is expected to come on line April. This was said by the Minister of Energy and Power Development Minister, Soda Zhemu on Wednesday during the National Assembly question and answer session, reported The Herald. […]

THE Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer (CEO) Mark Mabhudhu was suspended on Monday for reportedly stalling the corrupt purchase of Kuvimba Mining House (KMH)’s 33% shares in Great Dyke Investments (GDI), it has been established. KMH became part of GDI after acquiring 50% stake from Afromet Joint Stock Company owned by Russian […]