Over drinks back in 2019, two British tycoons, Algy Cluff and Michael Spencer, agreed to set up a company to buy into African resources. They have explored mines in Ghana, Mali and Tanzania. Now their next target...
Zimplats will reduce its headcount by 1% as it implements broad cost cuts to survive a sharp fall in platinum group metal (PGM) prices, CEO Alex Mhembere says.
Zimbabwe’s biggest platinum producer announced in...
Mimosa Mine is retrenching 33 managers and abandoning a key expansion project, in the latest damaging response by platinum producers to falling global metal prices.
The company says platinum prices fell by 35% since...
Anglo American Platinum (Amplats) says its Zimbabwe operation, Unki, will be shielded from the full impact of planned job cuts across the group because it is one of its top performers.
Amplats announced on...
Caledonia Mining is to spend US$34 million to expand gold production in 2024, including plans to step up exploration at its newly acquired mining assets.
The company produced 75,416 ounces of gold in 2023,...
Zimbabwe’s gold deliveries fell by 15% in 2023, as the industry felt the impact of rising costs, power shortages and government's policy on the currency.
Deliveries to official gold buyer Fidelity ended the year...
Zimbabwe’s mining executives are pessimistic about 2024, concerned over low mineral prices, power supply, and access to capital, according to a new survey.
Each year, the Chamber of Mines comes up with a Mining...
The drop in global platinum prices is forcing Impala Platinum to cut planned spending across its business, including at Zimplats, and this will hurt local suppliers and the economy.
Platinum prices are down 15%...
The number of new investment licences issued rose by 12.5% in the third quarter, the Zimbabwe Investment Development Agency (ZIDA) says, despite concerns that the election period would slow down applications.
CEO Tafadzwa Chinamo...
A coking coal project that started production in Zimbabwe this year could be sold to a larger investor, reflecting strong demand for the coal used by steel manufacturers.
Contango, listed in London, says...
