RioZim sees diamond demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.
The company plans to spend over US$400 million to grow production and build what would be...
UK investment company Contango says it is in talks with two buyers for off-take agreements for coal products from its newly acquired Lubu coalfield in Hwange.
Supply deals with CoalZim Marketing and South Mining would allow Contango to start production...
Lithium developer Prospect Resources has signed a seven-year deal to supply ultra-low iron petalite to Belgium’s Sibelco, the largest distributor of the metal in Europe and one of the world’s largest glass-ceramic manufacturers.
Petalite is used in the glass and...
Caledonia Mining has reported a 35% jump in underlying second quarter earnings to US$9.6 million as output increased.
The company’s Blanket Mine produced 13,499 ounces of gold in the quarter to June, compared to 12,712 ounces in the same quarter...
Zimbabwe’s miners want to be allowed to use their gold output as security for foreign credit, saying increased country risk and central bank’s foreign currency regime has stalled expansion projects.
The government has targeted mining as its main route out...
In October 2018, the Zimbabwe government put up the ‘For Sale’ sign on mines owned by the Zimbabwe Mining Development Corporation (ZMDC). This was part of a privatisation drive targeting 35 state-owned firms.
Within a month of inviting bids, there...
Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.
Sotic International says it is targeting six more mines after its arm, Landela...
Caledonia Mining says second-quarter gold production from its Blanket Mine was 6.2% up on the same period last year, while half-year output was 12.5% better than this time last year.
Blanket, near Gwanda, produced 13,499 ounces of gold in...
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...
