Zimbabwe’s annual gold output fell 16.8% to 27.6 tonnes in 2019, coming off its record highs in 2018, as producers battled with power cuts and a currency crisis. The country had a record...
Caledonia Mining Corporation has reported record quarterly gold output from its Blanket Mine after production jumped 24% in the last quarter of 2019 and helped the miner beat annual targets. Better power supply...
While sentiment across much of Zimbabwe's mining industry is down, Caledonia Mining says it has "increased confidence in the outlook of our business". To prove it, Caledonia is giving its shareholders a 9.1%...
Zimbabwe, which is banking on investment in its natural resources to arrest an economic free-fall, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed.
Gas explorer Invictus Energy has signed a non-binding MoU with Zimbabwean energy firm Tatanga Energy for the supply of gas to Tatanga’s proposed 500MW power plant, once a potential commercial gas discovery at the Muzarabani prospect is...
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....
Australian lithium developer Prospect Resources has signed a memorandum of understanding with Uranium One, the Canada-based unit of Russia’s Rosatom, that could see the miner take up a stake in Prospect and buy over half of the...
Zimbabwe will exempt Prospect Resources from paying a levy on unprocessed lithium from its planned Arcadia Mine for five years, which will cut the costs of developing the project, the company says. Prospect...
Bindura Nickel Corporation (BNC) has appointed three associates of commodity baron Kuda Tagwirei to the board, after the recent takeover of the country’s largest nickel miner by Sotic International, linked to Tagwirei’s partners Trafigura. Sotic International,...
Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber...
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