Late in 2017, Harry Greaves, executive director of Prospect Resources, got a call from the Ministry of Mines.
The Government wanted to know how Arcadia Mine, a lithium project that had up to that point been...
Sentiment on Zimbabwe is improving with potential investors looking for business opportunities while monitoring political developments closely. But some miners are already moving in on SA’s northern neighbour with zeal.
Zimbabwe was starved of foreign direct investment under former president...
Canadian mining group the Caledonia Mining Corporation has entered into a memorandum of understanding meant to help it regain control of its Zimbabwe-based subsidiary Blanket Mine.
It had to cede shareholder control of the mine in 2012 when it complied...
VAST Resources, the AIM-listed diversified miner, has reported a record quarterly output at its Pickstone-Peerless gold mine and said work to begin production at new investment Eureka Mine was “progressing encouragingly”.
Pickstone-Peerless, near Chegutu, delivered a 56 percent increase in...
Vast Resources has concluded an agreement that will give it access to the Marange diamond fields in Chiadzwa, the London-listed company has said.
Vast will partner with Red Mercury a company owned by the Marange-Zimunya Community Share Ownership Trust Community...
In the 1990s, Mobil Oil spent $30 million prospecting for oil in the Zambezi basin. They abandoned the search when they discovered that the area had more gas than oil.
At the time, there was no structured market for gas...
By Fitch Solutions
Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
The production of gold, Zimbabwe’s top export, collapsed 59% percent September and November, mirroring a foreign currency crisis that has hit the country’s major mines and could deter new investment into the industry.
With cumulative output just shy of 32...
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...
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....
