Finance Minister Mthuli Ncube has told Parliament that government’s US$4.5 billion valuation of Kuvimba Mining House is justified.
The government loaned the Mutapa Investment Fund US$1.6 billion to buy a 35% stake in Kuvimba....
Zambia’s proposed minerals regulation law could deter investment and deliver a “fatal blow” to its goal of raising annual copper output to 3 million metric tonnes, two mining bodies say.
Zambia, Africa’s second biggest...
Impala Platinum, the parent company of Zimplats, says it will report a basic loss of up to US$972.39 million after suffering US$1 billion of impairments due to the decline in the value of its assets on the...
Zimbabwe expects power demand to almost triple to 5,000MW by 2030, according to Energy Minister Edgar Moyo, showing the need to speed up new energy investments.
Power stations currently produce 1,300MW, short of the...
Hit by low prices and rising costs, Zimbabwe’s lithium miners are asking the government to further delay its plans to compel them to refine lithium carbonates locally.
Miners in Zimbabwe have invested over US$1...
Kuvimba Mining House says it has signed an agreement with a Chinese consortium to build a US$310 million lithium plant at Sandawana Mine, but the company is yet to name the new investors.
Steward Bank says it is cutting staffing levels, after the reconstruction of its holding company EcoCash and a shift to digital banking.
Bank CEO Courage Mashavave says the upgrade of its banking systems, which...
Zimbabwe sold more minerals in the first half of the year through the state marketing agency, but earned less for the exports, reflecting the impact of lower metal prices on world markets.
The Minerals...
Cluff Africa has signed a non-binding agreement with Zimbabwe’s sovereign wealth fund Mutapa to develop a lithium mine in the southern African country.
Cluff will be assigned a 45% share of licenses at Sandawana,...
British resources company Contango has agreed to sell a 51% interest in the Muchesu coal project to Wencai Huo, a Zimbabwe-based Chinese investor with vast interests in mining.
Contango, listed in London, started building...
