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FIVE passengers escaped with their lives after a light aircraft transporting diamonds crashed-landed near Harare Monday afternoon, police confirmed. According to the ZRP, five passengers escaped with their lives after the Piper 31 Navajo aircraft landed on a field some 16km from Beatrice at around 2.30pm. The plane, owned by diamonds miner Murowa (Private) Limited […]

LONDON Stock Exchange-listed firm Contango Holdings has set a target to produce 200 000 tonnes of coking coal after taking delivery of a coke washing plant at its Matabeleland North-based Lubu project. Contango is the firm spearheading the development of the Lubu Coal project in the Hwange district of Matabeleland North. The construction and assembling […]

ABOUT 20 members of the Ziscosteel Pension Fund have petitioned Parliament to press for the payment of US$3 million in outstanding pensions, documents obtained by NewsDay Business yesterday showed. This figure translates to about $2,5 billion at the prevailing official foreign currency exchange rate. The petition says the firm’s ex-workers were ready to be paid […]

Caledonia Mining Corporation says its 12MW solar farm, which went live in November, is generating more power than expected, helping cut diesel consumption at Blanket Mine. The plant, designed to supply about 27% of Blanket Mine’s power needs, is one of a growing number of solar projects being installed by key mining companies, keen to […]

CALEDONIA Mining Corporation Plc says its gold resource base has increased by 52% on the back of lucrative surging gold output as the miner’s productivity profile continues to surge. The company said it has boosted the gold resource base at its 64%-owned Blanket Mine in Zimbabwe. The total measured and indicated resources estimate at Blanket, […]

THE CHINESE firm that is constructing a US$1,5 billion steel plant near Mvuma says 50% of the project has been completed. An official said Dinson Iron and Steel Company would begin production before the end of this year. Project manager Wilfred Motsi said the project was on target, adding that they are almost done with […]

ZIMBABWE’S biggest gold mining outfit, Caledonia Mining Corporation, says at least 1,1 million ounces of gold could be contained in claims at its Gwanda-based unit, Blanket Mine. This figure is twice as big as the firm’s original estimate, and places it among the biggest resource firms in the region. “I am delighted to be publishing […]

Zimbabwe will start operating a new unit at its only coal-fired power plant by March, the country’s deputy energy minister said on Wednesday, providing relief to millions of citizens rocked by frequent power outages in recent months. The new unit of the Hwange power plant will lift the African nation’s installed capacity by more than […]