Until a week ago, not many had heard of Invictus Energy, the company that is prospecting for oil and gas in Muzarabani. For months, the company had bubbled under, acquiring the project, getting licences, raising capital, and exploring the prospect....
Caledonia Mining Corporation is to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro. The terms of the deal were first set out in a memorandum of understanding...
The Government will announce the successful bidders for the gold assets it put on sale earlier this year, and more State-owned mines will be put up for sale by the end of the month, Mines Minister Winston Chitando has...
Prospectus Resources, the Australian-listed mining company, is expanding its investment in Zimbabwe with plans to acquire a new lithium find near Bindura and to build a chemicals plant near its flagship Arcadia mine. The company says it has signed a...
Hit by weak subscriber uptake and falling subscriptions for pay TV worldwide, Kwesé TV, a division of Econet Media, is cancelling its service and may leave some of the eleven markets in which it operates. In a statement, Kwesé announced...
Invictus Energy, listed on the Australian Stock Exchange, will start drilling an exploration oil well at its Muzarabani prospect in 2020, President Emmerson Mnangagwa announced Thursday. The drilling will be at a cost of $20 million, the President said at...
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...
President Emmerson Mnangagwa is “sincere in what he’s doing”, economic recovery will be tough and Western sanctions must be lifted, says Econet Wireless founder Strive Masiyiwa. Masiyiwa was part of a panel of leading businessmen to attend and speak at...
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...
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