Upstream oil and gas company Invictus Energy will raise A$10-million in a private placement to sophisticated and institutional investors to fund preparations for the Mukuyu 2 appraisal well programme, and Phase 2.

INTERNATIONAL watchdogs have developed interest in reports that some of the region’s strongest gold mafia are ruling the dark economy from Zimbabwe, triggering fears that the country’s tug as a pariah State.

In Part 3 of the Gold Mafia Al Jazeera documentary titled “El Dorado”, undercover reporters visit tour Dubai where they uncover how gold from Zimbabwe is used to launder vast sums of.

The government of Zimbabwe says it will launch investigations into several people involved in gold smuggling and money laundering following the release of an undercover Al Jazeera investigation showing high-ranking officials involved.

Trojan Nickel Mine requires US$60 million over the next five years for the ongoing mine development programme that has seen operations being resuscitated.

Trojan Nickel Mine is a subsidiary of Victoria Falls Stock.

AUTHORITIES at Zimbabwe’s biggest lithium miner say they are worried over plummeting prices as they make final touches to a US$275 million processing plant, with exports expected to begin next month.

Trevor Bernard,.

ENERGY minister Zhemu Soda yesterday said they don’t expect load shedding to ease anytime soon despite an increase in generation capacity at the coal-fired Hwange Power Station.

Soda told journalists during a post-Cabinet.

GOVERNMENT yesterday said it has launched own investigations into the corruption allegations raised in the four-part Al Jazeera documentary, Gold Mafia: The Laundry Service, which exposes illicit financial flows and rampant smuggling.