Zimbabwe’s annual gold output fell 16.8% to 27.6 tonnes in 2019, coming off its record highs in 2018, as producers battled with power cuts and a currency crisis.
The country had a record...
The Government has gazetted the Constitution Amendment Bill, which proposes a total of 27 amendments to the Constitution. Among other changes, these amendments would allow the President to appoint at least two more Ministers from outside Parliament,...
Caledonia Mining Corporation has reported record quarterly gold output from its Blanket Mine after production jumped 24% in the last quarter of 2019 and helped the miner beat annual targets.
Better power supply...
Amid socio-economic malaise facing Zimbabwe, mining is the
only remaining silver lining.
The sector underpins the country’s socio-economic growth
prospects. Gold which is expected to contribute US$4
billion, a third of the anticipated US$12 billion earnings from...
Zimbabwe’s economy shrunk by 7.5% in 2019 but could rebound by 2.7% in 2020, according to a new World Bank report.
This was the first time that Zimbabwe suffered a GDP contraction since 2008,...
While sentiment across much of Zimbabwe's mining industry is down, Caledonia Mining says it has "increased confidence in the outlook of our business".
To prove it, Caledonia is giving its shareholders a 9.1%...
The United Nations warned on Tuesday that Zimbabwe faced another poor harvest in 2020 because of patchy rains, compounding problems for millions of people already grappling with a drought and the worst economic crisis in a decade.
With a show of hands, a wealthy family have finally checked out of part of a business they built over a century ago from empty beer crates, and stolen cattle.
An EGM of...
Zimbabwe, which is banking on investment in its natural resources to arrest an economic free-fall, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed.
Gas explorer Invictus Energy has signed a non-binding MoU with Zimbabwean energy firm Tatanga Energy for the supply of gas to Tatanga’s proposed 500MW power plant, once a potential commercial gas discovery at the Muzarabani prospect is...
