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...
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...
President Emmerson Mnangagwa says mines are to resume operations during an extended lockdown, a plan that would need at least 40 000 mineworkers to be immediately screened and tested for COVID-19.
On Sunday, Mnangagwa...
