THARISA, the UK-listed chrome and platinum group metal (PGM) producer, would consider taking on an equity partner for its Zimbabwe platinum group metal (PGM) project as one of several financing options. “It’s certainly an option,” said Phoevos Pouroulis, CEO of...
ZIMBABWEAN mining companies are seeking to float a syndicated bond of US$1 billion in London to raise capital for their aged mines. Under the proposed deal, first discussed in March between British investors, Mines Minister Winston Chitando and Zimbabwean companies,...
ASX-listed Prospect Resources has increased its ownership of the Arcadia lithium mine in Zimbabwe from 70% to 87%. Prospect has begun construction at the site, near Harare, at a cost of $25 million.  Prospect reached a conditional agreement with Farvic Consolidated...
The last mine trucks rolled out of Kamativi over 24 years ago. Tin prices had collapsed, and the mine was forced to shut down.  Now the old tin mine is about to reinvent itself, but this time producing a different...
THE government’s Industrial Development Corporation (IDCZ) has invited bids for Chemplex Corporation, the country’s largest chemical and fertilizer maker, in line with plans announced earlier this year. The IDC has engaged Ernst & Young to advise on the dilution of...
London-listed Vast Resources hopes to restart production at Guruve's Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore...
Australian firm Prospect Resources has today announced that its 70 percent owned Zimbabwe subsidiary, Prospect Lithium Zimbabwe, has received a US$10 million Export Finance Facility from the Reserve Bank of Zimbabwe through CBZ Bank. The loan carries an interest rate...
AIM-listed miner Vast Resources PLC has raised £863,750 through a subscription, part of which will be used for due diligence at the Marange Diamond Fields. The company announced recently that it had reached an agreement giving it access to the...
ZIMPLATS, the country’s largest platinum producer, has reported a 94 percent drop in annual after-tax profit to $2.6 million after taking a $98 million tax hit from a land deal with the Government. In June, Zimplats agreed to release 23...
In the 1990s, Mobil Oil spent $30 million prospecting for oil in the Zambezi basin. They abandoned the search when they discovered that the area had more gas than oil. At the time, there was no structured market for gas...
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