News

VUMBACHIKWE Mine in Gwanda, Matabeleland South province, has promised to pay its workers outstanding dues following a unique protest by the wives of the employees. The mine suspended operations last month after wives joined their husbands in protesting the non-payment of salaries. Police arrested some of the protectors while the company declared the strike illegal […]

TSINGSHAN Holdings, which has already poured US$2 billion in investments locally and is currently building a US$1 billion steel plant at Manhidze, near Chivhu, is set to construct a new cargo railway system, NewZimbabwe.com has learnt. The new line, which is meant to ferry products between Tsingshan’s three subsidiaries in Hwange, Chegutu and Chivhu, and […]

The government says it has mobilised US$34 million towards the importation of electricity from regional producers to augment local generation. Speaking in the National Assembly last week, Finance and Economic Development Minister Mthuli Ncube said US$34 million is being processed to assist the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and Zimbabwe Power Company (ZPC) […]

Hwange-based coke processing entity, Hwange Coal Gasification could soon face restructuring after the High Court dismissed its application challenging Justice minister’s decision to place it under reconstruction order. The company is a joint venture between Hwange Colliery Company and Taiyuan Sanxing of China.Court heard in October 2018 government announced that it had issued a reconstruction […]

ZIMBABWEAN climate change experts said this week the global push to limit damages inflicted on the environment by fossil fuels is hypocritical. A meeting of climate change experts, who last month attended the COP27 summit in Egypt, raised a string of concerns over elaborate manipulation of developing economies by world powers. They said advanced economies […]

Some senior citizens in Silobela, especially women, have turned to gold panning for survival as hunger strikes in Midlands rural area. This comes at a time non-governmental organisations who used to donate food in the area have backpedaled. In an interview with Newzimbabwe.com recently, Zibagwe Rural District Councillor for Donsa, Willard Moyo, said the situation […]

Rio Tinto Group is actively looking for lithium acquisitions, predicting prices for the key raw material in electric-vehicle batteries will stay high for a “long period of time”. The world’s second-biggest mining company is pursuing “organic and M&A growth opportunities” in the sector, it said in a document published Tuesday. Lithium has been on a […]

GOVERNMENT has begun cancelling gold mining licences owned by companies that are failing to utilise their claims. This comes amid reports that a local mining company is sitting on 6 500 gold claims, which are underutilised and these could be given to small-scale miners. Addressing small-scale miners over the weekend during the launch of Miners […]

Tharisa Plc has raised $31.8 million through a bond issue in Zimbabwe to go towards the construction of a $391 million platinum group metals (PGM) mine in the southern African country, the company said on Monday. Tharisa, a South Africa-based PGM and chrome co-producer, had planned to raise $50 million to partly fund the building […]

Galileo Resources PLC said it has identified four target zones with potential for pegmatite-hosted lithium, tin and tantalum at the Kamativi lithium project in southwest Zimbabwe. The targets were identified in a detailed reconnaissance mapping and sampling programme. Galileo has a 29% interest in the project, held through its stake in BC Ventures, along with […]