News

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 […]

By Staff Writer IN a huge victory for Israeli investor Ofer Sivan, the High of Zimbabwe has blocked the ‘illegal’ hostile takeover of earth moving equipment business, Adelcraft Investments, by Gillad Shabtai and his driver Munyaradzi Gonyora. It is the state case that two years ago, Shabtai and Gonyora attempted to place Adelcraft under voluntary […]

Mines deputy minister Kambamura has been sucked in a mining wrangle pitting his ally Hillary Mutandwa against Phillip Makunze, a leaked police memo from Sanyati Police Station to Kadoma district police officer has revealed. According to the memo, the mine initially belonged to a Chinese national, He Xinwei, who was booted out after the community […]