UK’s Contango Holdings, which is developing the Lubu coal project in Hwange, is raising US$8.6 million via a share placement on the London Stock Exchange to speed up mine development, eager to take advantage of rising coal prices.
A fight between Canadian and Chinese investors to control a lithium project in Zimbabwe, potentially holding lithium worth US$1.4 billion, shows the need for clearer mine claims regulation in a tightening race for the prized metal.
Tharisa is in talks with French energy company Total Eren for a 300MW solar plant for Karo Platinum, a new mine being developed near Selous.
Land has been allocated for the solar farm and...
By Mukasiri Sibanda
As important strides are made to attain the US$12 billion mining earnings target by 2023, up from US$2.7 billion recorded in 2017, the big question is how is this going to...
Tharisa is targeting Zimbabwean pension funds and banks in a US$50 million bond on the Victoria Falls Stock Exchange (VFEX) to help fund Karo Platinum, the new mine that the Joburg-listed miner has started building in Zimbabwe.
Zimbabwe has announced that it wants miners of four key minerals to pay half of their royalties in the commodities.
Currently, platinum miners pay 2.5% in royalties, which goes up to 5% in...
Zimplats, the country’s biggest platinum mine, scaled up capital expenditure over the past year as part of its US$1.8 billion expansion plan. But how much of this was spent locally?
In the financial year...
President Emmerson Mnangagwa has broken ground at the site of a steel plant being built at Manhize, near Chivhu.
Officials are touting it as one of the biggest private investments in Zimbabwe. Once a...
Mimosa Platinum says it is to invest US$200 million to develop new mining areas, build a new tailings dam and improve processing efficiencies.
Mimosa, jointly owned by South Africa’s Sibanye-Stillwater and Impala Platinum,...
What does Nico Muller, the CEO of Impala Platinum (Implats) think about operating in Zimbabwe versus in South Africa? His company owns Zimplats, the largest mining operation in Zimbabwe, and and runs operations in South Africa.
