Global pressure is rising against coal, but some small-cap miners are still looking to Zimbabwe, where the country needs to exploit billions of tonnes of coal reserves to end a damaging power crisis.
Caledonia Mining Corporation has finally secured regulatory approval to increase its shareholding in Blanket gold mine to 64%, the company announced on Tuesday. The Jersey-registered miner, which acquired the Zimbabwean mine in 2006, owned...
Zimbabwe’s annual gold output fell 16.8% to 27.6 tonnes in 2019, coming off its record highs in 2018, as producers battled with power cuts and a currency crisis. The country had a record...
Caledonia Mining Corporation has reported record quarterly gold output from its Blanket Mine after production jumped 24% in the last quarter of 2019 and helped the miner beat annual targets. Better power supply...
While sentiment across much of Zimbabwe's mining industry is down, Caledonia Mining says it has "increased confidence in the outlook of our business". To prove it, Caledonia is giving its shareholders a 9.1%...
With a show of hands, a wealthy family have finally checked out of part of a business they built over a century ago from empty beer crates, and stolen cattle. An EGM of...
Zimbabwe, which is banking on investment in its natural resources to arrest an economic free-fall, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed.
Gas explorer Invictus Energy has signed a non-binding MoU with Zimbabwean energy firm Tatanga Energy for the supply of gas to Tatanga’s proposed 500MW power plant, once a potential commercial gas discovery at the Muzarabani prospect is...
The Africa Export-Import Bank (Afreximbank) is to arrange and manage a US$143 million project finance debt facility for Prospect Resources, and has agreed to fund and hold US$75 million of the arrangement to fund development of Zimbabwe’s Arcadia lithium mine....
Australian lithium developer Prospect Resources has signed a memorandum of understanding with Uranium One, the Canada-based unit of Russia’s Rosatom, that could see the miner take up a stake in Prospect and buy over half of the...
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