News

AUSTRALIAN energy firm, Invictus Energy Limited, has appointed Victoria McLellan as its chief financial officer (CFO), effective on Monday this week. McLellan’s appointment comes following the Australian Stock Exchange (ASX) listed firm listing on the Victoria Falls Stock Exchange on August 2. The listing was part of the company’s US$10 million institutional placement launched on […]

Zmbabwe’s gold sector has demonstrated continued resilience, with July witnessing a significant surge in deliveries to Fidelity Refinery, the country’s sole gold buyer. The total volume increased by 33.5% from 2,618 kg in June to 3,495 kg in July, primarily driven by increased contributions from small-scale miners. Gold has been Zimbabwe’s main export lately, contributing […]

PROSPECT Lithium Zimbabwe (PLZ) has sunk US$2 million into a number of Corporate Social Responsibility (CSR) programmes, which have gone a long way to uplift the Goromonzi community. PLZ is a subsidiary of China’s Zhejiang Huayou Cobalt Limited, one of the world’s largest energy lithium-ion battery materials and new cobalt materials producer. Huayou bought the […]

AUSTRALIAN energy firm, Invictus Energy Limited, has changed its designation to developer from explorer as it transitions to a producer, leveraging its gas and oil discovery in north-east Zimbabwe. In late 2023, Invictus declared multiple high-quality gas-condensate discoveries at the Mukuyu Gas Field, in the upper and lower Angwa formations while drilling at its Cabora […]

PLATINUM group metals miner (PGMs), Zimplats Holdings Limited, has recorded a 96% drop in profit after tax to US$8,22 million for the year ended June 30, 2024, owing to lower revenues during the period. The drop is from a comparative of US$205,46 million earned last year. During the period under review, global commodity prices declined […]

BRAVURA Mining consortium has commenced shipment of components for its Kamativi lithium processing plant manufactured in South Africa. The arrival of the separation plant, manufactured by Manhattan Corporation of South Africa, coincides with the ongoing civil works for the plant foundations and other ancillary structures. The project, owned by Nigerian billionaire Benedict Peters, is one […]

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial year on June 30. The company attributed this decline to the softening of average dollar metal prices during the period. The gross revenue per […]