News

OWNER of Dundee 5 Gold Mine in Matobo, In a judgment dated January 11, 2023, Bulawayo High Court judge Justice Maxwell Takuva ruled that the application against Duive Enterprises had been withdrawn., Ndodana Moyo, has filed an urgent High Court application seeking an interdict against miners conducting their activities at his claims without his consent. […]

TOP mining expert and London listed Premier African Minerals (PAM) Chief Executive Officer (CEO) George Roach has come out in support of government new thrust to have lithium processed locally. Speaking a month after President Emmerson Mnangagwa announced a blanket ban on export of raw lithium, Roach, whose Zulu Lithium has interests in Fort Rixon […]

VUMBACHIKWE Mine in Gwanda has come under fire over its prolonged suspension of operations and delay in paying workers’ outstanding salaries. The National Mine Workers Union of Zimbabwe (NMWUZ) has since filed a complaint with the National Employment Council (Nec) for the Mining Industry in Bulawayo stating that the company has been ignoring legal procedures. […]

PROBLEMS continue to mount for Lafarge Cement Zimbabwe (LACZ), prompting the company to request three months’ suspension in trading from the Zimbabwe Stock Exchange (ZSE) to address in-house challenges. This is due to a recently concluded deal by Fossil Mines to buy a 76% stake in LACZ which was stalled for economic sanctions related issues […]

EMBATTLED cement manufacturer, Lafarge Cement Zimbabwe (LACZ), has tabled plans to rebrand to Khaya Cement on the back of rigorous management board changes, the company’s management revealed Friday. The development comes shortly after the company’s request for a three months’ suspension from the Zimbabwe Stock Exchange (ZSE) was granted this week. Lafarge is currently embroiled […]

Ground conditions have forced Invictus Energy to abandon operations at its first drilling site, a reflection of the brave yet expensive risks that investors take on gas and oil exploration. In simple terms, Invictus has been unable to confirm gas or oil at Mukuyu-1, Zimbabwe’s debut exploration well. Invictus has agreed with the rig supplier, […]

Red Rock Resources, the UK exploration company, expects to start test production of lithium in Zimbabwe this year, after acquiring prospects in Bikita and Arcturus last year. The company last year set up African Lithium Resources Pvt Limited, a 75% owned subsidiary in to lead its investment in Zimbabwe. Red Rock has 51 hectares of […]

An investment that began eight years ago lifted Caledonia Mining to its highest ever gold output in 2022, and the company expects more growth ahead after three recent acquisitions. Gold output from the company’s Blanket Mine in 2022 was 80,775 ounces, which was just above the company’s target of 80,000 ounces for the year. Production […]