News

THE Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has made significant strides towards establishing itself as a multi-asset gold producer in the country following the acquisition of three mining assets last year. As it pursues its plan to become a multi-asset gold producer, the firm, which owns Blanket Mine near Gwanda, declared in January last […]

CALEDONIA Mining has announced finalisation of the acquisition of Bilboes Gold Limited, the parent company which owns, through a subsidiary, the Bilboes gold project in Zimbabwe. Commenting on the news in a statement, Mark Learmonth, the company’s chief executive officer, said: “Completion of the Transaction is the cornerstone in Caledonia’s strategy to create a mid-tier, […]

THOUSANDS of lithium hunters who last month invaded Goromonzi North in Mashonaland East province in search of quick riches in the soft silvery-white alkali metal have since left the area after security forces intervened. Scores of unemployed youths and buyers late last year descended in the area located near the recently established Prospect Lithium Zimbabwe […]

VICTORIA Falls Stock Exchange-listed resources outfit Bindura Nickel Company (BNC) is projected to post a full year loss in the financial year 2023, market analysts Morgan & Co have said. BNC, which is part of Kuvimba Mining House, posted a 7,8% decline in turnover, according to the reviewed financial results for the half year ended […]

Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal. Prices have already softened after a spectacular two-year rally labelled “insane” by Elon Musk and “unreasonable” by China’s electric vehicle maker BYD. The cool-off is poised to continue as more supply emerges to trim abnormally high margins […]

CONFEDERATION of Chrome Miners Association president Isaac Chivendera has castigated mining companies operating in the mineral-rich Shurugwi area of leading lavish lifestyles when the majority of people in the mining town are wallowing in abject poverty. Chivendera said miners in Shurugwi, particularly those in the gold sector, should learn to donate to charity. “I am […]

Parliamentary Portfolio Committee on Mines chairperson Edmund Mkaratigwa has urged government to expedite the Mines and Minerals Amendment Bill to close loopholes that lead to exploitation of minerals. Proposals to amend the archaic Mines and Minerals Act began in 2015, but six years later, the amendments are still pending. Speaking recently at a workshop in […]

INDUSTRIAL Development Corporation of Zimbabwe (IDCZ) has poured US$1,4 million into the refurbishment of the G&W Industrial Minerals mine in Rushinga to speed up the production of lime and enhance import substitution. G&W, which is located in Rushinga, had been placed under care and maintenance in 2016 due to viability challenges. As a result, Zimbabwe […]

A Chinese mining company Afrochine has restarted mining operations inside Mavhuradonha Wilderness, a World Heritage Site candidate, barely a year after its mining activities were banned by the government. Foreign-owned companies that include Afrochine Smelting, Earthlink Minerals, and Lebanmon Investments are reportedly exploring for chrome in areas within the site despite a July 12 High […]

Villagers from Ward 19 in Shurugwi are opposed to a plan by a mining company, Unki, to construct a 50MW solar power station on a 138h piece of land in the area. The community accuses Unki of exploiting resources in the area while leaving nothing for them and making false promises since 1998. This came […]