News

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 […]

Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yesterday. Under an iron and steel blueprint running between 2022 and 2026, Zimbabwe plans to develop a US$6 billion industry by revenue, employing over 50 000 workers. The […]

THE Zimbabwe Miners Federation (ZMF) has said government’s recently announced embargo on raw lithium exports is set to bolster investment in the sector and create more jobs for locals. ZMF president Henrietta Rushwaya hailed the development saying it will go a long way to rake in more profits for the country. “The ban is significant […]