Mzi Khumalo's Metallon has completed the sale of Shamva Mine to Kuda Tagwirei’s Landela Mining Ventures, while the sale of Mazowe Mine is expected shortly. The transaction represents a change of guard in the industry. Metallon was once the country’s largest...
Prospect Resources says it will miss its deadline to reach a petalite offtake agreement with Belgium’s Sibelco, one of the world’s largest glass-ceramic manufacturers. In April, the two companies signed an MoU to work on a possible offtake agreement for...
Caledonia Mining has declared a further increased quarterly dividend of US$0.085 a share as stable production, cost control and high gold prices increase cash generation. The company operates the Banket gold mine near Gwanda. The dividend is a 13% increase on...
Investment holding company Contango on June 18 started trading on the London Stock Exchange after completing the acquisition of Consolidation Growth Holdings’ interest in the Lubu coalfield in Zimbabwe. Contango now has a 70% interest in the Lubu project, which has...
Pressure is again building on central bank over its currency regime, as RioZim warns it can no longer sustain expenses due to payment delays and the fixed exchange rate, while the Chamber of Mines pleads for the lifting of...
UK's Premier African Minerals Ltd has agreed to acquire a portfolio of assets in Zimbabwe from Australian-listed Lithium Consolidated Mineral Exploration (Li3). The AIM-listed company already holds the RHA Tungsten and Zulu lithium and...
The Reserve Bank of Zimbabwe has ended its 25% incentive to gold producers, a subsidy criticised as a key driver of currency weakness and inflation. The government had signalled in March that it would...
The Reserve Bank of Zimbabwe is failing to ship in enough foreign currency to pay for gold purchases, a miners’ group says.  Fidelity Printers & Refiners (FPR), the central bank unit which is the...
Caledonia Mining says it is targeting the acquisition of small brownfield operations Zimbabwe, as part of a growth strategy to follow completion of the shaft deepening project at Blanket Mine. The company is deepening...
RioZim says its main shareholder is willing to convert loans worth US$11 million into additional shares in the gold miner, but number two shareholder Old Mutual has turned down a proposal to increase the company’s authorised share...
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