The government has issued a reconstruction order on Bindura Nickel Corporation’s Trojan mine, as the country’s biggest nickel producer suffers the impact of equipment breakdowns and a collapse in global prices.
In a notice...
Invictus Energy has signed a Memorandum of Understanding with gold producer Dallaglio that could see energy company Himoinsa building a gas-to-power plant to supply the Eureka Gold Mine.
Under the MoU, Himoinsa would build...
Prospect Lithium Zimbabwe plans to set up a lithium sulphate plant to comply with local processing rules, despite falling prices slowing down investment globally.
Huayou Cobalt, one of the world’s biggest miners, bought the...
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...
We are wasting money investing in coal-fired power plants. Instead, Zimbabwe should focus on renewable energy and get rid of the vested interests standing in the way of a free energy market and a reformed ZESA. In...
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...
