AUSTRALIAN energy firm, Invictus Energy Limited, has recovered hydrocarbons at its second drill site in north-east of Zimbabwe, indicating further natural gas and oil deposits.
The second drilling site, called Mukuyu-2, was identified.
Members of Parliament have piled pressure on the government to crack down on mining companies that are reluctant to fulfil their Corporate Social Responsibility (CSR) obligations to communities in which they operate.
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Small-scale miners are facing challenges in maintaining the value of their hard-earned money due to the discrepancy between the US dollar and Zimbabwean dollar (ZWL) exchange rates.
The issue was raised by Zanu.
Zimbabwean government is facing calls to enforce its gold pricing policy after allegations emerged that private players are purchasing the yellow metal at higher prices than the State-set rate.
The allegations were raised.
MINERS have been encouraged to invest in digital mining to streamline processes, a move that will boost efficiency, productivity, safety and sustainability, NewsDay Business can report.
Digital mining involves leveraging on digital technologies.
THE government’s gold mobilisation unit has been unable to function due to funding constraints and this is crippling its operations.
The gold mobilisation unit, headed by Major-General Chris Mupande, comprises officials from the.
A SAFETY, health and environment (SHE) committee of the Chamber of Mines of Zimbabwe has indicated that more audits will be done at mining firms to reduce accidents in the sector.
According to.
ZIMBABWE’S current power crisis is crippling industries, as it emerged this week that some companies have scaled down operations, while others are considering job layoffs.
There is a severe electricity shortage, with consumers.
GOLD miner Caledonia Mining Corporation Plc (CMC) had a 95% drop in profit after tax to US$1,69 million in the nine months ended September 30, 2023, owing to increased production costs and.
