A year ago, Premier African Minerals were buzzing about developing their new investment in Zimbabwe. A year later, after a string of false promises, the UK-listed small-cap miner is voicing its frustrations and looking elsewhere. Premier is invested in the...
By Mukasiri Sibanda In 2019, the Zimbabwe government announced a plan to grow the mining sector’s annual earnings to US$12 billion by 2023, which would be a 344% spike from US$2.7 billion earned in 2017. Gold, platinum and diamonds are earmarked...
When he launched the Transitional Stabilisation Programme in 2018, Finance Minister Mthuli Ncube said his economic recovery plan would need to be underpinned by governance reforms. According to the TSP: “The values and objectives that anchor the aspirations of Vision...
French renewable energy firm Voltalia has won the contract to build a 12MW solar power plant at Blanket Mine in Gwanda. Caledonia, Blanket Mine’s holding company, last month raised US$13-million from a share sale to fund the project, expected to...
Dairibord, the country’s largest dairy company, is in talks to merge with smaller rival Dendairy, according to industry sources. ZSE-listed Dairibord is currently trading under a cautionary announcement, first released in July, on current talks with “an unlisted entity”. “Further to...
Hwange Colliery says coal production rose 84% in the first half of the year, but old debts continue to weigh on plans by the country's oldest coal miner to reverse years of decline. In the six months to June, total...
Caledonia Mining has taken a preliminary step in its Zimbabwe expansion plan, signing an MoU with the government on Monday to evaluate a possible investment in state-owned gold assets. Now, in the rubble of rusting steel that is Zimbabwe Mining...
Finance Minister Mthuli Ncube says the economy would not be as severely impacted by the COVID-19 pandemic as initially feared and foreign currency inflows had shown resilience. The economy was already grappling with runaway inflation, shortages of drugs in hospitals...
Caledonia Mining’s Blanket Mine produced record quarterly gold output in the third quarter, and the company now says it will produce more gold this year than it previously expected. Blanket Mine produced 15,164 ounces of gold in the three months...
When Finance Minister Mthuli Ncube announced his Transitional Stabilisation Programme (TSP) on October 5 in 2018, he pledged to sell off dozens of state enterprises by the end of this year. In one article pushing for the sell-off, Mthuli promised...
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