News

A multinational firm that is developing one of Africa’s biggest lithium mines in Zimbabwe has moved into the Goromonzi community, about 60 kilometres east of Harare to repair damaged roads, before it kicks off production this quarter. Prospect Lithium Zimbabwe (PLZ) kicked off prospecting at its Arcadia Mine claims about four years ago, before it […]

Zimbabwe’s special release of gold coins to fight inflation is seeing strong demand, with coins selling for over $2,000 an ounce each for the first time since their release back in July. The country’s central bank began selling gold coins in the summer to try and tame inflation by providing a store of value to […]

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2023, Bulawayo High Court judge Justice Maxwell Takuva ruled that the application against Duive Enterprises had been withdrawn., Ndodana Moyo, has filed an urgent High Court application seeking an interdict against miners conducting their activities at his claims without his consent.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 […]