British explorer Marula Mining has stopped planned exploration and project acquisition activities in Zimbabwe after failing to secure opportunities that met its expectations.AQSE-listed Marula, through its 80% owned Zimbabwean operating subsidiary, Muchai Mining, had been seeking near-term and advanced...
Soon after coming to power in 2017 one of the first major economic decisions President Emmerson Mnangagwa made was to announce he was ditching the 51% local ownership rule for foreign investors. Businesses could now own 100%,...
Miners dominate power usage, according to a report by the country's biggest energy consumers.
According to Energy Minister Edgar Moyo, demand from the mining industry alone has now risen to 2,600MW due to new...
By Ranga Mberi
Finance Minister Mthuli Ncube is due to present his 2025 budget statement, and business groups are lobbying for measures to support their industries.
Zimbabwe’s mining sector, the...
Firmer gold prices helped Caledonia lift third-quarter earnings by 37%, offsetting rising costs and lower production from Blanket Mine over the period.
Gross profit in the three months to September came in at US$19.3...
Despite the impact of low platinum prices, Zimplats has pressed ahead with some key expansion projects, completing a new mine upgrade while commissioning a new solar plant and processing facility.
The 34MW solar plant...
Renewable energy provider Grid Africa has signed an agreement with Huawei towards installing 72MW of solar energy for Zimbabwean mining companies.
A recent report by the Chamber of Mines says power cuts and high...
Every year, the Chamber of Mines asks mining executives about the trends in their industry and how confident they are about the coming year. The survey also takes their recommendations on how to grow the industry.
By Godfrey Marawanyika
Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.
The...
Finance Minister Mthuli Ncube has told Parliament that government’s US$4.5 billion valuation of Kuvimba Mining House is justified.
The government loaned the Mutapa Investment Fund US$1.6 billion to buy a 35% stake in Kuvimba....
