News

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 […]

MINES and Mining Development minister Winston Chitando has been entangled at the centre of a vicious fight with international investors over vast lithium claims in Mutoko, Mashonaland East. Although Chitando is linked to the Good Days lithium mining claims through an investment vehicle — Barrington Resources — there are fears that the cabinet minister could […]

GOVERNMENT has cancelled an unspecified number of claims in Matebeleland North in its recently adopted ‘use it or lose it policy,’ with Deputy Mines Minister Polite Kambamura saying the programme will be extended across the country. Kambamura who officiated at pro-President Emmerson Mnangagwa organisation Miners for Economic Development’s (Miners4ED) Mashonaland West launch in Chakari said […]

GOVERNMENT says the country’s tax regime should be flexible to allow mining companies to acquire information and communication technologies and help the sector to embrace the Fourth Industrial Revolution. The revolution conceptualises rapid change to technology and social patterns and processes in the 21st century due to increasing inter-connectivity and smart automation. Secretary in the […]

INVICTUS Energy — the Australia-based resources outfit that is hoping to make Zimbabwe’s first oil find — has commenced a “global search” for a new chairperson to replace Stuart Lake who resigned recently due to personal reasons. Lake, who stepped down effective November 28, 2022, was appointed non-executive chairperson of Invictus on August 1, 2019 […]

When the Chamber of Mines asked its members to list their biggest worries this year, most of them had one major gripe at the top of their lists – power supply. The Chamber’s survey of members, which include some of Zimbabwe’s major miners, found that some 60% of respondents had faced power cuts of up […]

UK-listed Contango, which is developing a new coal mine in Zimbabwe, says it is in talks with a “multinational company” for a possible coking coal mining deal. Contango says it has signed an MoU for “collaboration” on coking coal and the manufacture of coke at its Muchesu coal project, in Hwange’s Lubu area. The site […]

GOVERNMENT’s decision to set the chromium prices through the Minerals Marketing Corporation of Zimbabwe (MMCZ) will likely turn away investors and companies willing to venture into, top economist has said. In a post-Cabinet briefing Tuesday, information minister, Monica Mutsvangwa, said the government had agreed to a policy change whereby all chrome ores will be traded […]