News

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 […]

EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life into the firm’s struggling operations, emerging details reveal. ZDI, which has a vast investment portfolio in mining and is reeling under a Western-imposed embargo that crippled […]

THE Southern Africa Resource Watch (SARW) says government should implement other measures to support its decision to ban lithium ore exports to lessen the detrimental effects the ban has had on artisanal miners. In an effort to boost investment in domestic processing facilities, the government recently outlawed the export of raw lithium. This will help […]

BEITBRIDGE border police have reportedly bust a smuggling syndicate involving officials at major government enterprises (names supplied) and some Chinese companies. Police allegedly intercepted three haulage trucks carrying chrome ore estimated to be worth millions of dollars being smuggled as chrome concentrate in what could just be a tip of the iceberg. The trucks carrying […]