News

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 […]

STATE- owned Kuvimba Mining House (Kuvimba) is banking on its mining proceeds to revive the defunct steelmaker, Ziscosteel. Ziscosteel, once a leading steel manufacturer, has been idle for over over a decade with its demise attributed to the pressures of Zimbabwe’s shattered economy, gross mismanagement and corruption. Kuvimba, in a statement, said it was turning […]

Zimbabwe’s gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners. The output was 19.5 percent up from the previous year’s output, the state-owned Herald newspaper reported Tuesday, citing statistics from the country’s sole gold buyer, Fidelity Gold Refineries. “The incentives are […]

THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has given Vumbachikwe Mine a seven-day ultimatum to pay workers outstanding salaries and recapitalise the business, or face corporate rescue management. The Gwanda-based Vumbachikwe Mine, which is owned by Duration Gold, shut down around the end of last year after workers went on strike over unpaid […]