One of Zimbabwe’s largest gold producers, RioZim’s plans to build a 2 800 megawatt (MW) coal fired power plant in Sengwa, Gokwe North, needs to clear three major hurdles.

INVICTUS Energy says its oil and gas exploration project in Muzarabani is well on course after awarding a contract for a seismic survey to Canadian firm Polaris Natural Resources.

PRESIDENT Emmerson Mnangagwa has ordered the return of a Chinese company, Afrochine, to prospect for coal in the Hwange National Park, barely eight months after the company was booted out after wildlife.

EMPLOYEES of SMM Holdings, the parent company of Shabani and Gaths asbestos mines have made an application to Government seeking the removal of administrator Mr Afaras Gwaradzimba whom they claim continues to.

Anglo American Platinum’s local unit Unki Mine’s platinum group metals (PGM) production for the first quarter to March 31, 2021 rose 4 percent to 50 900 ounces compared to same.

SMM Holdings administrator Afaras Gwaradzimba allegedly sold land under the company’s mining leases, with the land set to be converted into residential stands.

SMM, formerly owned by businessman Mr Mutumwa Mawere.

Zimbabwe’s multi-billion dollar mining sector has been granted the nod to pay part of their royalties, taxes and rural district council levies in local currency in a major boost for the capital.

Zimbabwe’s gold export receipts have spiked 15% to US$147.3m in February and March this year from US$128m recorded during the comparative period last year on the back of firming international gold prices,.

INVICTUS Energy has awarded Canadian firm Polaris Natural Resources a contract to undertake seismic survey (gathering earth vibrations) on its special grant in Muzarabani where it is exploring for oil and gas.

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