Invictus Energy, the Australian-listed form prospecting for gas and oil in Zimbabwe, is to begin an environmental impact assessment ahead of the planned drilling of an exploratory well at Muzarabani. The Zimbabwe Environmental Management Agency (EMA)...
Edcon, the struggling South African retail group, is selling its stake in Edgars Zimbabwe to Mauritian investment management firm SSCG Africa Holdings. Saved from collapse last year after a R2.7bn facility with lenders, Edcon...
News that nickel prices have hit five-year highs should cheer Zimbabwe’s Bindura Nickel Corporation (BNC), the country’s nickel miner. But, just as Zimbabwe's gold producers are missing out on a gold rally, BNC may...
Zimplats says the US$264 million development of Mupani mine, which will replace two of its older mines, is ahead of schedule and the new operation is projected to reach full production in 2025. The platinum...
Prospect Resources has signed an MoU with African Continental Minerals (ACM) for the supply of power to the Arcadia lithium project, and is exploring imports from the region to fire up the mine it is developing near Goromonzi.
Caledonia Mining has downgraded its guidance on annual production at Blanket Mine to account for lower-than-expected grade and unreliable power supply.  Production guidance for 2019 has been cut to between 50,000 and 53,000 ounces, down from...
South African alcoholic beverages firm Distell Group said on Wednesday it expects full-year headline earnings to fall as much as 6% and has written down the value of its investment in Angola and took a credit loss provision in Zimbabwe.
As the gold price touched all-time highs late August 2011, Zimbabwe’s government was not, as would be expected, doing all it could to ensure the country capitalised on the boom. Instead, the government was moving to cancel...
Zimbabwe's crocodile skin producer Padenga will diversify from the luxury goods market with the acquisition of gold assets through a 50.1% shareholding in Dallaglio Investments. Dallaglio’s assets include Pickstone Peerless in Chegutu, whose current...
By Thomas Zvirekwi Zimbabwe aspires to be an upper middle income economy by 2030. To support such an economy, the country needs 11,000MW of power, which translates to a requirement of an additional 1,000MW every year...
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