A perfect storm of breakdowns at Hwange’s aged power plants, failure of a unit at Kariba, and a fire that took out transmission lines caused the worst outages in years this week, the Energy Ministry says.
For five years, the Zimbabwe government was avoided power shortages by at times borrowing from central bank and then using the money to buy forex for electricity imports. This admission by central bank governor...
Although the Zimbabwe Energy Regulatory Authority hopes the country will generate 1,100MW from non-hydro renewable energy sources by 2025, Zimbabwe’s best chance for electricity near-term self-sufficiency lies on the vast coalfields of Hwange,...
Huayou Cobalt, which has recently invested in Zimbabwe's Arcadia lithium mine, must produce battery-grade lithium within five years, the country’s competition regulator says. Huayou, one of the world’s biggest producers of battery minerals,...
Chengxin, the Shenzhen-listed company that has acquired lithium prospects in Zimbabwe, expects to spend US$130 million to develop the new Sabi Star mine in Buhera. The company, listed on the Shenzhen stock exchange, spent...
Zimplats has applied for a licence to install close to 200MW of solar power to feed operations at Ngezi and Selous, where it is spending US$290 million in additional investment to grow platinum output.
Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal. Prices have already softened after a spectacular two-year rally labelled “insane” by Elon Musk and “unreasonable”...
Prospect Resources, the Australian-listed company developing the Arcadia lithium mine in Zimbabwe, has opened bids for investors willing to fund the project. Prospect says it has received “multiple enquiries” from “a range of international...
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...
Zimbabwean private equity fund Mangwana Opportunities, backed by businessmen Joe Mutizwa and Ted Galante, has taken up shares in Invictus Energy in a placement worth US$287,000. Funds raised from the transaction will be used...
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