Kamativi Tailings Company (KTC) has signed a $9.5-million finance and offtake facility for concentrate produced from the Kamativi tailings lithium project, allowing the company to start construction of a plant at the site in the second quarter. As part...
Capacity utilisation of Zimbabwe’s industries will fall to just 34.3% this year, reversing an improvement seen in 2018, according to a report just released by the Confederation of Zimbabwe Industries (CZI). In its 2018 Manufacturing...
Russian fertiliser giant Uralchem, which has bid to invest in Zimbabwe’s largest fertiliser maker Chemplex, will not agree to any minority stake in the Zimbabwean firm. Uralchem owner, the billionaire Dmitry Mazepin, said in Moscow on...
President Emmerson Mnangagwa has signed two major mining deals during his tour of Russia, but they have been overshadowed by the political crisis back at home. On Wednesday, Great Dyke Investments, a Zimbabwe-Russia joint venture, signed...
A UK-based mining firm is to buy a controlling stake in Bindura Nickel Corporation (BNC), the country’s largest nickel producer said in a statement on Wednesday. In a cautionary statement on Wednesday, BNC said a deal had been struck by...
Zimbabwe has shipped Africa’s first battery-grade lithium carbonate, as it steps up efforts to produce and find markets for a compound that is in high demand for use in batteries. Prospect Resources, the Australian-listed company developing a lithium mine in...
Strive Masiyiwa’s Liquid Telecom has received a $180 million investment from the UK's CDC Group, allowing Africa’s largest fibre-network operator to expand its broadband across the continent. CDC, the development finance arm of the British government, will now take up a...
Lithium Consolidated Limited, an ASX-listed firm with operations in Australia, has acquired two lithium mining projects Zimbabwe. The company is one of several Australian firms exploring lithium and other minerals in the country. Recently, the company bought 100% of the...
The Zimbabwe government will hold 46% of all diamond mining in the country, while local investors will own 5% of any new operations, under a new policy announced on Tuesday.  Government may also waiver its regulations to allow foreign investors...
The production of gold, Zimbabwe’s top export, collapsed 59% percent September and November, mirroring a foreign currency crisis that has hit the country’s major mines and could deter new investment into the industry. With cumulative output just shy of 32...
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