The International Monetary Fund (IMF) advised Zimbabwe not to adopt a gold-backed digital currency to address macroeconomic issues such as volatility in the local currency.
Instead, they recommended that Zimbabwe liberalize its foreign.
Gift Mugano, a professor of economics, has urged the Government to improve on governance and accountability of Zimbabwe’s natural resources following Invictus Limited Energy’s confirmation of the presence of “light oil, gas-condensate.
CALEDONIA Mining Corporation Plc. says the Reserve Bank of Zimbabwe (RBZ) is timeously remitting all due payments for gold sales amid revelations that the miner has commenced direct gold exports to a.
Australia-listed Invictus Energy Limited on Monday, 08 May confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Muzarabani, Zimbabwe.
Invictus Managing Director Scott Macmillan said that.
MINING concern Caledonia Mining Corporation non-executive chairperson and director Leigh Wilson has retired from the board, with his successor expected to be named today.
In his resignation statement last Friday, Wilson said it.
COAL miner Hwange Colliery Company (HCCL) lost $8,6 billion for the year ended December 31, 2022 due to exchange rate volatilities which affected the business’ historical obligations.
According to the corporation, which is.
AUSTRALIAN firm, Invictus Energy has confirmed the presence of “light oil, gas-condensate and helium” from its drilling samples at its Mukuyu-1 rig site in Muzarabani.
Analysts, however, were quick to demand accountability and.
RIOZIM Limited’s gold production dropped 17% to 929 kilogrammes in the financial year 2022 compared to the previous year due to the Dalny Mine being put on care and maintenance.
In a statement.
LISTED mining group RioZim has commended authorities for the upward review of US$ retention thresholds for the mining sector amid calls for improved power supplies to enable industry to maximise production potential.
In.
Invictus Energy, the company exploring for gas in Zimbabwe, says mud gas analysis confirms the presence of gas deposits, providing encouragement for the company ahead of the drilling of a second exploration.
