When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud. Gushure, 21, holds a pick and a hammer. For the past 18 hours he’s been trying to chip, gouge and pry...
By Mukasiri Sibanda Shortly before the Finance Minister Professor Mthuli Ncube delivered his maiden national budget statement in Parliament, Bulawayo city was showered with rains. The Botswana Pula, a strong and stable currency which literally means rain, immediately came...
A year after their confidence soared after the change of leadership, morale among Zimbabwe's mining executives has waned as they fret over deepening foreign currency shortages and a Government that appears not to have a quick solution to the...
Lithium developer Prospect Resources says results of a definitive feasibility study into its Arcadia Lithium project in Zimbabwe confirms the mine will be profitable, with forecast life of mine revenue of US$2.93 billion and average annual EBITDA of US$106...
Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134 million, according to previous reporte. Zimplats,...
Until a week ago, not many had heard of Invictus Energy, the company that is prospecting for oil and gas in Muzarabani. For months, the company had bubbled under, acquiring the project, getting licences, raising capital, and exploring the prospect....
Caledonia Mining Corporation is to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro. The terms of the deal were first set out in a memorandum of understanding...
The Government will announce the successful bidders for the gold assets it put on sale earlier this year, and more State-owned mines will be put up for sale by the end of the month, Mines Minister Winston Chitando has...
Prospectus Resources, the Australian-listed mining company, is expanding its investment in Zimbabwe with plans to acquire a new lithium find near Bindura and to build a chemicals plant near its flagship Arcadia mine. The company says it has signed a...
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...
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