News

RioZim Limited shareholders have injected $19 billion to prop up the troubled resources outfit, which last week reported wide-ranging write downs for the half-year period to June 30, 2022. Output in the Zimbabwe Stock Exchange-listed group’s flagship gold interest fell by 30%, as diamonds operation Murowa suspended production shifting to processing low grade stockpiled dumps. […]

President Emmerson Mnangagwa has broken ground at the site of a steel plant being built at Manhize, near Chivhu. Officials are touting it as one of the biggest private investments in Zimbabwe. Once a steel producer, Zimbabwe ran its steel company Ziscosteel into the ground and now imports virtually all its steel. Zimbabwe in 2021 […]

Mimosa Platinum says it is to invest US$200 million to develop new mining areas, build a new tailings dam and improve processing efficiencies. Mimosa, jointly owned by South Africa’s Sibanye-Stillwater and Impala Platinum, produces about 124,000 ounces of platinum yearly at its operations near Zvishavane. But its current mine site, South Hill, will run out […]

THE Mines ministry has said 107 mine fatalities were recorded between January and September from about 30 accidents. Mines ministry representative Wilson Maenzanise revealed this on Wednesday during a health and safety conference organised by the National Social Security Authority in Victoria Falls. “Causes include lack of competence levels, improper mining methods, lack of defined […]

AUSTRALIA Stock Exchange-listed resources firm Invictus Energy yesterday said there could be a bigger resource at its Zimbabwean oil and gas claims than previously projected. Seismic survey results by leading petroleum consultancy, ERCE, bolstered potential prospective resource estimates at Invictus’ Cabora Bassa claims near Mahuwe to over 5,5 billion barrels of oil equivalent (boe). The […]

What does Nico Muller, the CEO of Impala Platinum (Implats) think about operating in Zimbabwe versus in South Africa? His company owns Zimplats, the largest mining operation in Zimbabwe, and and runs operations in South Africa. Last year, the company announced US$1.8 billion in new investment in Zimbabwe to develop new mining areas and expand […]

Oil and gas explorer Invictus Energy (IVZ) has bolstered the potential prospective resource of its Cabora Bassa project in Zimbabwe to over 5.5 billion barrels of oil equivalent (boe). The company today said an independent technical report from ERCE estimated a prospective resource of 1.2 billion boe for five “drill-ready” prospects in the project area: […]

The Zimbabwe Energy Regulatory Authority (ZERA) is encouraging people to harness liquefied petroleum gas as alternative energy sources. The call by ZERA comes at a time when the country is dogged by erratic power supplies and experiencing rolling blackouts caused by load shedding. Speaking at a recent energy workshop in Kwekwe, ZERA alternative energy expert […]

THREE armed robbery suspects believed to be part of the gang that robbed 11,9kg of gold at How Mine, near Bulawayo, have been arrested. According to police, one of the suspects was fished out of a South African bound private car attempting to flee, while the other two had earlier been nabbed hours after the […]