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...
It's a group of minerals used in everything from LCD TVs to batteries and defence technology, but rare earth elements (REE) have barely had a mention in any talks about Zimbabwe's mineral potential.
Prospect Resources says a new survey shows that the ore
reserves at Arcadia lithium mine are 39% more than previously estimated, which
extends the life of the mine and makes the project more viable.
The...
John Teeling, the millionaire Irish businessman with interests in AIM-listed explorer Botswana Diamonds, says he sees "glimmers of hope" in Zimbabwe where he is in a joint venture with Vast Resources to mine Marange diamonds.
Caledonia Mining says production at Blanket Mine rose over 7% in its latest quarter, despite power outages and rising costs.
In the three months to September, gold output dipped 2.4%
year-on-year to 13,646 ounces, held...
Impala Platinum Holdings is in talks to buy land in Zimbabwe from rival Anglo American Platinum as the world’s second-biggest producer of the precious metal seeks to boost output from the southern African country, according to people...
