Invictus Energy, listed on the Australian Stock Exchange, will start drilling an exploration oil well at its Muzarabani prospect in 2020, President Emmerson Mnangagwa announced Thursday. The drilling will be at a cost of $20 million, the President said at...
President Emmerson Mnangagwa is among at least 43 African leaders who have flown to Russia, hoping to take a bite out of that country’s growing commercial interest on the continent. But he goes...
In 2019, Australia-listed energy explorer Invictus Energy announced major oil and gas potential at the Muzarabani prospect, a first step on the long road to development.   Independent analyses of seismic data confirmed significant potential...
Belgium's Sibelco, one of the world’s largest glass-ceramic manufacturers, is in talks with Prospect Resources that could see the company buying lithium from Zimbabwe’s Arcadia Mine. Prospect Resources and Sibelco on Wednesday announced they...
Invictus Energy says it has started field operations in Muzarabani, as part of a programme leading to planned exploration drilling in 2021. The company has also raised additional funding for the preparatory work by placing more shares with Mangwana, the...
Hwange Colliery says coal production rose 84% in the first half of the year, but old debts continue to weigh on plans by the country's oldest coal miner to reverse years of decline. In the six months to June, total...
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...
Canada-based B2Gold Corp. is considering buying idled Shamva gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation...
Caledonia Mining has taken a preliminary step in its Zimbabwe expansion plan, signing an MoU with the government on Monday to evaluate a possible investment in state-owned gold assets. Now, in the rubble of rusting steel that is Zimbabwe Mining...
Six decades ago, explorers from a British firm, Atomic Energy Authority, dug around these red hills for beryl, a mineral used for alloys to make everything from springs to aircraft and missiles.  It was the atomic age and they were convinced...
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