Zimplats spent US$304 million over the past year on new projects, part of its US$1.8 billion investment plan, but weaker global platinum prices drove sales down 23%. The company increased its spending on capital...
By Nelson Banya China's Canmax Technologies and Premier African Minerals have resolved their dispute over a lithium concentrate supply contract that was delayed by a defective processing plant, the two companies said on Tuesday.
Zimplats is now importing 50MW of power from Zambia while pushing ahead with the construction of a solar plant, as it seeks more energy to power its US$1.8 billion expansion. The company, Zimbabwe’s biggest...
Finance Minister Mthuli Ncube believes the Zimbabwe economy will grow by 5.3% this year, faster than the previously forecast 3.8%, basing his optimism on stronger growth in agriculture and mining plus better power supply.
It was not just just the layers of coal that stood out as President Emmerson Mnangagwa pulled the veils on the country’s newest coal mine on Monday. It was also the thick layers of irony.
By David McKay 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...
South Africa's Tongaat Hulett is to sell its sugar estates, including those in Zimbabwe, to Kagera Sugar, one of East Africa’s largest sugar producers. This is part of a plan to rescue Tongaat Hulett...
Delays in compensating property owners are holding up progress at the Mbudzi interchange in Harare, officials say. The project, awarded to a consortium of local contractors in 2021, will cost US$88 million, which includes...
Bikita Minerals says it has completed the construction of two lithium processing plants, kicking off trial production at the mine. Global metals giant Sinomine bought Bikita last year in a US$180 million deal with...
By Godfrey Marawanyika Zimbabwe's industrial electricity consumers and exporters aim to raise $250 million to build the first phase of floating solar panels on Lake Kariba. Members of the Intensive...
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