RioZim, Zimbabwe's second largest gold producer, has stopped production at its three gold mines after running out of imported inputs, a sign of widespread distress across the country's mining sector. Operations at Kadoma’s Cam and Motor Mine and Dalny, and...
Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said...
Zimbabwe’s gold miners have warned that they may suspend operations if they are not allowed to keep a larger share of their export earnings, as currency volatility hits an industry that Government is banking on for economic recovery. Large scale...
RioZim is to sue the Reserve Bank of Zimbabwe over its failure to allocate foreign exchange to its mines, the gold producer has said, in a hard-hitting cautionary likely to further dent investor sentiment. RioZim is listed on the Zimbabwe...
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...
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