News

REVENUE at the Australia Stock Exchange (ASX)-listed mining giant Zimplats decreased by 7% to US$545,5 million for the half-year ending December 31, 2022, compared to the same period the previous year. The decline was mostly caused by reduced sales volumes of platinum, palladium, rhodium, gold, ruthenium and iridium (6E). “Revenue at US$545,5 million was 7% […]

THE Ministry of Industry and Commerce has requested President Emmerson Mnangagwa to intervene in a mining wrangle between Chemplex Corporation and a former executive with the Industrial Development Corporation of Zimbabwe (IDCZ), according to confidential documents seen by the Zimbabwe Independent. The IDCZ controls agricultural chemicals maker, Chemplex, which in turn controls 100% shareholding in […]

MINES minister Winston Chitando yesterday read the riot act to foreign investors in the mining sector violating labour and immigration laws. “I want all mining activities in Zimbabwe to be done in accordance to the laws of this country, and I repeat that they must observe the laws of this country. We want labour and […]

Southern Africa wildcatter Invictus Energy has announced plans to drill a second well on its Mukuyu structure in Muzarabani. Invictus Energy Managing Director Scott Macmillan said preparations for the Mukuyu-2 appraisal well have commenced. He said: Preparations for the Mukuyu-2 appraisal well have commenced, with drilling currently targeted to commence in early Q3. We will […]

Bikita Minerals says it has almost doubled its petalite output since Sinomine took over the country’s oldest lithium mine in a US$180 million deal last year. The company has also signed a US$24 million deal with the Zimbabwe Energy Transmission Distribution Company (ZETDC) to build power transmission infrastructure that is critical to its expansion project […]

Much of Zimbabwe’s coloured gemstones are smuggled out of the country while most of the gemstone dealers are unlicensed. The illicit mining and trade of gemstones is attributed to corruption and poor regulation of the sector which is governed under the Precious Stones Trade Act Chapter 21:06 and Statutory Instrument 256/2019. The Minerals Marketing Corporation […]

The Ministry of Mines and Mining Development has urged miners in waterways or low-lying areas to suspend their operations until Moderate Tropical Storm Freddy passes. On Thursday, the Meteorological Services Department (MSD) said the intense weather system was expected to make landfall at 3 AM on Friday, 24 February 2023 in the southern parts of […]