ZIMBABWE lacks mining legislation that protects locals from exploitation, resulting in their failure to benefit from natural resources in their communities, a United States (US) official has said.
Acting US embassy public affairs.
UK-based opportunity-driven company, Galileo Resources Plc has reported discovering key lithium sources after recent drills at Kamativi in Zimbabwe.
In a recent update, the top miner said the discoveries were found over substantial.
London-listed Contango Holdings’ Muchesu mine in Zimbabwe was officially opened by Zimbabwe President Dr Emmerson Mnangagwa on August 1.
Contango owns 70% of the Muchesu coal project (previously known as the Lubu coal.
GOVERNMENT’s laxity in monitoring the mining industry has precipitated widespread gold smuggling at a time when the country is targeting a US$12 billion mining industry by 2023.
Authorities in Zimbabwe have been urged.
According to Johns Hopkins University academic Steve Hanke, Zimbabwe ranks as the world’s most miserable nation.
Tell that, though, to the US and European shareholders in Zimbabwean gold producer Caledonia Mining, where dividends.
Chinese investors racing to secure lithium supplies could help Zimbabwe rise to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution,.
A local resource campaigner says Zimbabwe has long surpassed the Government’s target to increase mineral revenues to US$12 billion annually from December this year but that most of the revenue is being.
Kuvimba Mining House (KMH) plans to invest US$250 million into the construction of a beneficiation plant at its lithium mine operation, Sandawana Mines.
KMH is 65% owned by the government. It took over.
REDCLIFF-BASED steelmaker ZiscoSteel requires roughly US$32 million to resuscitate the iron ore mining business and restart limestone mining, a company official said last week.
Kuvimba Mining House (KMH) was appointed by the government.
The Moti Group has said a Chinese company with which it planned to develop a $1 billion lithium processing plant in Zimbabwe is halving its stake in the venture, dealing the project.
