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...
By Nyasha Chingono
Caledonia Mining Corp is exploring options to raise US$250 million needed to develop its Bilboes project into what could be Zimbabwe’s biggest gold mine.
The company, which also...
Tharisa Plc says it will delay commissioning its US$391 million Karo mine in Zimbabwe until June 2025 due to low platinum prices, further signs that weak commodity prices and an uncertain global economic outlook will hurt Zimbabwe’s...
Caledonia Mining has reported a 3% increase in gold output for the three months to September to 21,772 ounces, setting a new quarterly record for Blanket Mine.
The output in the quarter means that...
The Zimbabwe government says mining is booming, but the industry says it is under growing pressure from the threat of weak global metal prices and rising costs at home.
According to the Chamber of...
In 2017, when Barclays decided to sell its Zimbabwe business to FMB Capital, a foreign bank, the deal became political fodder.
At a rally, Kudzanai Chipanga, then leader of ZANU PF’s youth league,...
Zimplats spent US$304 million over the past year on new projects, part of its US$1.8 billion investment plan, but weaker global platinum prices drove sales down 23%.
The company increased its spending on capital...
