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If your business serves the mining industry, the Mine Managers AGM is where you need to be

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The Association of Mine Managers of Zimbabwe (AMMZ) Conference and AGM 2025 is more than a professional gathering — it is the heartbeat of Zimbabwe’s mining operations leadership network. For equipment suppliers, technology innovators, and service providers, this event presents a unique and powerful opportunity to connect directly with the people who make purchasing, operational, and strategic decisions in the mining industry.

Here’s why attending the Mine Managers AGM is a must for every serious mining supplier or service provider:


1. Direct Access to Decision-Makers

The AGM attracts the highest concentration of mining operations decision-makers in one place — General Managers, Mine Managers, and senior engineers from Zimbabwe’s leading mining operations. These are the individuals who influence or approve capital equipment purchases, maintenance contracts, and operational partnerships.

For suppliers, that means direct engagement with the people who matter most — no gatekeepers, no delays.


2. A Platform to Showcase Your Solutions

Participating in the AGM allows your company to display equipment, services, and technologies that enhance safety, productivity, or efficiency in mining operations. Whether through exhibitions, presentations, or sponsorships, it’s an ideal setting to demonstrate how your products meet the real operational challenges faced by Mine Managers daily.


3. Build Credibility and Trust

The AGM is not a sales expo — it’s a gathering of industry professionals who value credibility, consistency, and competence. By showing up and engaging meaningfully, your brand earns recognition and respect among Zimbabwe’s most influential mining professionals. Long-term business relationships often begin with a simple face-to-face conversation at this event.


4. Gain Insight into Industry Needs and Trends

The discussions and presentations during the AGM reveal the current pain points and strategic priorities of Zimbabwe’s mining sector — from energy security and digitalisation to cost management and safety improvements. For suppliers, these insights are invaluable for aligning offerings with the evolving needs of mine operators.


5. Network with Industry Leaders and Partners

Beyond Mine Managers, the AGM attracts executives from mining houses, policymakers, consultants, financiers, and other service providers. The networking opportunities are unmatched — fostering partnerships that can lead to joint ventures, service agreements, or strategic collaborations.


6. Influence and Stay Visible

By participating — whether as a sponsor, advertiser, exhibitor, or delegate — your company demonstrates commitment to supporting Zimbabwe’s mining industry. This visibility not only strengthens your brand presence but also positions your organisation as a trusted partner in the sector’s growth and sustainability.


7. An Investment That Yields Long-Term Results

Unlike conventional marketing, participating in the AGM provides high-impact engagement with guaranteed relevance. The discussions are technical, the audience is senior, and the opportunities are tangible. Many suppliers who participate regularly attest to increased brand loyalty, referrals, and direct business leads emerging from AGM interactions.


8. Support and Contribute to the Industry

Attending the AGM also provides an opportunity for suppliers, service providers, and sponsors to give back to the industry in a professional and meaningful way. Participation allows them to share expertise, potentially introduce new products, contribute to knowledge exchange, participate in mentorship, and support initiatives that advance mining practices across Zimbabwe. This is a way to acknowledge the role the mining sector plays in sustaining businesses and communities while adding value to the industry.


9. Your Competitor is Going

The AGM is not only about what you gain but also about ensuring you don’t fall behind. If your competitor is attending, they are networking, showcasing solutions, and building relationships with key decision-makers. Your presence ensures you remain visible in the industry, understand competitor strategies, and maintain your position in a competitive marketplace.


10. Exposure Through Mining Zimbabwe Magazine

Mining Zimbabwe will be distributing its latest magazine at the AGM, providing attendees with in-depth industry news, analysis, and features on mining operations, technology, and leadership. Being part of the AGM ensures your company is part of the conversations captured in the magazine. It allows you to engage with decision-makers who rely on Mining Zimbabwe for trusted industry insights.

For any mining supplier or service provider looking to deepen industry relationships, strengthen brand presence, and secure future contracts, the AMMZ Annual General Meeting is a must-attend event.

It’s not just another conference — it’s where Zimbabwe’s mining decisions are shaped, and where trusted partners are found.

For bookings and registration for The Association of Mine Managers of Zimbabwe (AMMZ) Conference and AGM 2025 – Email: [email protected] Call: +263 772 570 091 or +263 772 344 924

Gold buying prices in Zimbabwe per gram/ ounce, 7 November 2025

Gold buying prices in Zimbabwe per gram/ ounce, 7 November 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and ABOVE121.113,769.29
SG 85% and above but below 90%119.833,730.94
SG 80% and above but below 85%118.553,692.58
SG 75% and above but below 80%117.273,654.22
Sample 5g and above but below 10g115.353,594.58
Fire Assay CASH121.763,789.17

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

New MIPF CEO Faces Uphill Task Rebuilding Trust in Mining Pensions

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The Mining Industry Pension Fund (MIPF) has appointed Anymore Taruvinga as Principal Officer and Chief Executive, effective November 1, 2025. His appointment comes at a critical time for the Fund, which is working to restore confidence amid arrears, currency instability, and declining membership, Mining Zimbabwe reports.

By Ryan Chigoche

MIPF Board Chairperson Clara P. Sadomba said Taruvinga will lead strategic planning and strengthen operations to safeguard the retirement savings of thousands of mine workers.

Taruvinga brings extensive experience in Zimbabwe’s financial sector. He previously served as Chief Executive of the Securities and Exchange Commission of Zimbabwe (SECZim) and spent eight years at the Zimbabwe Stock Exchange (ZSE) in business development and market operations.

He has also worked as an investment analyst and treasury dealer, handling money markets and foreign exchange. He holds a CFA charter and finance degrees from the National University of Science and Technology (NUST), with additional training in retirement fund management through the Insurance Institute of Zimbabwe.

He steps into leadership at a time when the Fund is under considerable strain. Once a pillar of miner welfare, the MIPF now faces challenges, including low employer compliance, arrears, and thousands of unclaimed benefits.

Some mining companies continue to deduct contributions in US dollars but remit them in local currency, exposing members to exchange losses and breaching pension regulations.

According to MIPF reports, only about 70 per cent of invoiced contributions are being collected, with many mines falling behind. Recovering these arrears while maintaining constructive relationships with employers will require careful negotiation.

At the same time, the Fund is managing a backlog of unclaimed benefits from ex-mine workers who have lost contact. Outreach efforts, including radio campaigns and engagement at mining expos, have reconnected some members, but a large gap remains.

Adding further pressure, several major mining companies are reportedly pushing to exit the MIPF in favour of establishing their own in-house pension schemes.

These companies argue that private schemes allow better compensation, faster claims processing, and the ability to pay benefits in foreign currency — advantages the industry-wide fund has struggled to match.

This trend threatens to reduce the Fund’s contribution base, challenging both its financial sustainability and long-term relevance in the mining sector.

The Fund is also tasked with compensating more than 33,000 pensioners whose savings were wiped out during the 2006–2009 hyperinflation period.

While necessary, these payouts place a significant strain on liquidity. Balancing legacy obligations with the need to maintain current benefits will be a key test of Taruvinga’s financial and operational leadership.

Beyond stabilising finances, Taruvinga will need to modernise administrative systems and enhance transparency.

Digital record-keeping, timely statements, and improved communication could help restore confidence among members and strengthen the Fund’s credibility.

With his background in financial markets, Taruvinga has the expertise to steer the Fund through these challenges. Success, however, will depend on how effectively he restores compliance, retains members, and repositions the MIPF as a trusted custodian of miners’ retirement savings in a rapidly evolving industry.

7 Feared Dead in Silobela Mine Flooding Tragedy

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In a heartbreaking development that has shaken the mining community of Silobela, seven artisanal gold miners are feared dead after heavy rains flooded an underground shaft where they were working, Mining Zimbabwe can report.

By Rudairo Mapuranga

The tragedy unfolded when torrential rainfall caused water to inundate the mining shaft, trapping the workers underground. Rescue operations, focused on the complex and time-consuming process of dewatering the mine, are underway, with local mines and community members rallying to support recovery efforts.

The incident has cast a pall over the close-knit mining community, with families and fellow miners maintaining a grim vigil at the site as emergency crews work against time. The trapped miners have yet to be recovered from the flooded underground workings, according to local authorities coordinating the response.

The rescue process currently centres on dewatering the flooded mine — a technical and hazardous operation that involves removing standing water from the low points of the mine where the miners are believed to be trapped. This process is complicated by the ongoing rainfall and the instability of the ground surrounding the mining shaft.

Local mines and community members have mobilised resources to assist in the recovery operation, providing equipment, expertise, and manpower. This community-led response highlights the close-knit nature of mining communities in the Silobela area, where mining represents both economic opportunity and constant danger.

“Dewatering can be as simple as removing standing water from a low point in the mine, but in situations involving groundwater, runoff, and seepage from nearby bodies of water, a mine can encounter a number of difficulties that will hinder or stop operations,” according to mining industry experts.

In underground mines located miles below the surface, dewatering presents particular challenges, requiring specialised pumps to remove water and transfer it to containment areas. The success of such operations depends on the volume of water, the mine’s depth, and the stability of the surrounding rock formations.

Mining Engineer Pias Ndala, who has been monitoring the rescue operations, emphasises the critical need for enhanced safety protocols in artisanal mining operations.

“This tragic event underscores the vital importance of implementing proper safety measures and emergency preparedness in all mining activities, regardless of scale,” Ndala stated.

The engineer highlighted several crucial safety considerations that could prevent similar tragedies. “First and foremost, mining operations must have comprehensive water management systems, especially during rainy seasons. This includes proper drainage infrastructure, regular monitoring of water accumulation, and immediate cessation of operations when water levels pose a danger. Furthermore, all mining sites should maintain emergency response plans that include evacuation procedures and readily available rescue equipment.”

Ndala also stressed the importance of geological assessments before commencing mining operations. “Understanding the hydrogeological conditions of a mining site is not a luxury — it is a necessity. Many of these tragic incidents could be prevented through basic geological surveys that identify potential water sources and ground stability issues. Artisanal miners need access to technical expertise and should establish cooperative safety initiatives where knowledge and resources are shared among mining communities.”

Tragically, this is not the first mining disaster to strike the Silobela region, which is rich in gold deposits and home to numerous artisanal mining operations. In February 2019, fifteen miners were successfully rescued at Peace Mine in Silobela through coordinated efforts by the Ministry of Mines and Mining Development. All miners were brought to safety without injuries or fatalities in that incident, demonstrating that with proper coordination, successful rescue operations are possible.

In a separate tragedy at Jena Mines in Silobela, one miner lost his life after a tunnel collapse last year, highlighting the persistent dangers in the region’s mining operations. Then, in June 2020, two artisanal miners were buried alive after a mine shaft collapsed at Crenjor 8 Mine in Silobela’s Kwekwe District. The victims, identified as Nkulumane Ndhlovu (24) and Julius Mabute (25), were working underground when the shaft gave way, cutting short promising young lives.

These incidents reflect a pattern of mining accidents in the region, particularly during rainy seasons when the ground becomes unstable and more prone to collapse. The recurring nature of these incidents suggests systemic safety issues that require comprehensive addressing rather than temporary solutions applied after each tragedy.

The Meteorological Services Department had previously warned miners against engaging in mining activities during periods of heavy rainfall, noting that shafts could collapse as the ground becomes unstable due to saturation. Similar seasonal patterns have been observed across Africa, where governments have taken proactive measures to address rainfall-related mining dangers.

Just months earlier, Mali’s government implemented a temporary suspension of all artisanal gold mining operations from June 15 to September 30, 2025, specifically citing safety concerns during the rainy season. A Mines Ministry spokesperson explained the rationale behind this decisive action: “The reason for this suspension is quite simply safety. We cannot stand by while preventable tragedies claim the lives of our miners year after year during the same seasonal patterns.”

During rainy seasons, artisanal mining sites become extraordinarily dangerous due to several compounding factors. Landslides and mine collapses from saturated soil dramatically increase the risk of pit wall failures, while flooding of mining pits means even moderate rainfall can quickly fill unprotected pits, trapping miners underground. Additionally, unstable ground conditions develop as water infiltration weakens supporting structures and compromises stability, and reduced visibility from rain and mud obstructs clear sightlines, increasing accident risks during operations.

Malian mining authorities documented a 37% increase in mining accidents during the previous rainy seasons, with most incidents being entirely preventable through proper timing and mining safety strategies. This statistical evidence underscores the predictable nature of these seasonal dangers and the urgent need for preemptive action rather than reactive measures after tragedies occur.

The process of dewatering a flooded mine involves more than simply removing water. As explained by mining experts, dewatering can be as simple as removing standing water from a low point in the mine, but in situations involving groundwater, runoff, and seepage from nearby bodies of water, a mine can encounter a number of difficulties that will hinder or stop operations. The current rescue operation in Silobela faces precisely these challenges, with water continuing to seep into the mine from surrounding saturated soil even as pumps work to remove existing water.

In modern mining operations, various dewatering methods are employed to manage water accumulation. Pump systems transfer water to containment areas, while settling ponds allow solids to separate from water before it is discharged or treated. Technologies like thickeners, clarifiers, and filter presses remove solids from water, and advanced systems, including hydrocyclones and in-line mixers, enable more efficient water removal from deep mining operations.

Specialised systems like the Waterlord Rapid In-pit Dewatering System, utilising flexible lay-flat hose, have proven effective in some mining operations, allowing for efficient water removal from deep pits. However, such advanced technologies are rarely available to artisanal mining operations like the one in Silobela, creating a dangerous technological gap that puts artisanal miners at significantly higher risk during flooding incidents. This disparity in access to safety technology represents one of the most pressing challenges in mining safety across the developing world.

The Silobela tragedy reflects a wider pattern of mining accidents across Africa, where artisanal mining employs millions but operates with minimal safety standards. In Sudan, just months ago, eleven miners were killed in a traditional gold mine collapse, with the Sudanese Mineral Resources Company noting they had previously suspended work at the mine and issued warnings about the life-threatening risks, yet miners returned to the dangerous site due to economic necessity.

Artisanal gold mining accounts for approximately 20% of the world’s gold supply and involves an estimated 20 million people who primarily derive their livelihoods from these operations. These miners often work in extremely dangerous conditions, facing multiple hazards including rudimentary extraction methods, minimal engineering oversight, inadequate ventilation systems, absence of protective equipment, and limited emergency response capabilities when accidents inevitably occur.

According to regional mining authorities, West African artisanal gold mining operations experience approximately 12 to 15 fatal accidents per 10,000 miners annually — a rate significantly higher than regulated industrial mining. This alarming statistic highlights the human cost of informal mining operations and underscores the urgent need for safety interventions that respect the economic importance of artisanal mining while addressing its dangerous shortcomings.

As rescue efforts continue in Silobela, the tragedy raises difficult questions about how to prevent similar incidents. The Zimbabwe Miners Federation, together with the Environmental Management Agency, has previously issued statements warning miners to be cautious when carrying out their operations, but enforcement remains challenging without viable economic alternatives for artisanal miners.

Experts suggest that a more sustainable approach involves formalising artisanal mining operations rather than simply cracking down on them. As noted in analyses of African mining challenges, the use of force against artisanal miners is not the answer. To end the cycle of violence and tragedy, governments need to adopt a more inclusive approach to artisanal mining that acknowledges both its economic importance and its safety challenges.

Engineering professional Pias Ndala emphasises that “Sustainable solutions must address both safety and economic realities. We need to develop affordable safety technologies appropriate for artisanal mining contexts and establish training programs that transfer essential safety knowledge to mining communities. Additionally, creating economic safety nets during high-risk periods like the rainy season would allow miners to pause operations without facing destitution.”

Such formalization could include simplified permitting processes for small-scale operations that bring them into the regulatory framework, safety certification and mandatory training requirements tailored to artisanal mining contexts, technical assistance programs for implementing basic safety measures using locally available materials, community-based monitoring systems to conduct regular inspections using trained local personnel, and seasonal operating protocols specifically designed for rainy season operations that establish clear safety thresholds.

As the dewatering operation continues in Silobela, families of the trapped miners maintain their vigil, hoping against diminishing odds for a miracle. The tragedy serves as a stark reminder of the human cost behind artisanal mining — an economic lifeline for thousands that too often becomes a death trap when combined with seasonal weather patterns and inadequate safety measures.

The broader mining industry now watches and waits, hoping the recovery operation can provide closure to grieving families while reinforcing the urgent need for comprehensive safety reforms in Zimbabwe’s artisanal mining sector. What remains clear is that without systemic changes that address both the economic drivers and safety challenges of artisanal mining, similar tragedies will continue to claim lives season after season, leaving behind grieving families and communities in mourning.

This is a developing story. Updates will be provided as more information becomes available about the rescue efforts and the identities of those feared dead.

Frontline Guardians: Miners Demonstrate Emergency Preparedness at How Mine Competition

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Zimbabwe’s mining workforce came together last week at How Mine for the country’s annual Mine Rescue Competition — a high-stakes showcase of skill, precision, and preparedness, Mining Zimbabwe can report.

By Ryan Chigoche

The event brought together miners from across Zimbabwe to test their ability to respond to underground emergencies — from rockfalls and equipment failures to medical crises and exposure to hazardous materials — highlighting the high-risk conditions inherent in mining operations.

Organised by the Mine Rescue Association of Zimbabwe (MRAZ) and the Chamber of Mines of Zimbabwe (CoMZ), the competition saw the hosts, How Mine, claiming first place in the Donning category, while SMC Zimplats emerged as winners in the Non-Donning category, reflecting the high standard of emergency preparedness and skill across the sector.

Speaking at the event, Acting Provincial Mining Director for Matabeleland South, Chancellor Chidziva, underscored the critical nature of safety in the industry, saying:

“In mining, safety is not a poster on a wall. It is the blood in our veins, the steel in our spine. Every action we take in an emergency — every bandage, every compression, every calm command — is an act of humanity with a single goal: zero harm yesterday, today, and tomorrow. Mastery of first aid transforms vulnerability into strength, empowers us to protect our colleagues, and fosters a culture of safety that extends beyond the mine into our communities.”

His remarks highlighted that the drills were far more than exercises — they were practical, life-saving preparations for real emergencies where seconds can mean the difference between life and death.

Mining remains one of the country’s most hazardous occupations, with risks ranging from falls and machinery incidents to rock collapses and chemical exposures. Competitions like these play a vital role in building the instincts and confidence miners need to respond swiftly, ensuring minor incidents do not escalate into disasters.

By simulating realistic emergencies, the events sharpen judgment, teamwork, and decisive action in high-pressure situations, turning theory into instinctive life-saving practice.

Chidziva also emphasised three guiding principles underpinning first aid in mining: safety as sanctity, community as cornerstone, and empowerment as legacy. Mastery of emergency response, he noted, not only protects workers underground but also fosters a culture of collective responsibility that strengthens safety awareness beyond the workplace, reaching the communities where miners live.

The competition further recognised the dedication of judges, assessors, volunteers, and organisers whose meticulous planning ensured the event ran smoothly and credibly. Competitors themselves were lauded for balancing gruelling shifts with rigorous training, demonstrating technical skill, composure, and teamwork under pressure — a reflection of the “gold standard of preparedness” in Zimbabwe’s mining sector.

For management and safety leaders, Chidziva’s remarks were a clear call to action: investing in first aid and emergency response programmes is an investment in life itself. By equipping miners with the skills to act decisively in critical moments, the industry reinforces its commitment to ensuring that every worker returns home unharmed.

By the end of the day, it was evident that the competition was more than a contest; it was a vivid demonstration of teamwork, resilience, and the unwavering commitment of Zimbabwe’s miners to ensuring that every colleague returns home safely.

As the sector continues to balance productivity with safety, such events remain an essential platform for reinforcing the knowledge, discipline, and quick thinking needed to navigate the dangers of underground mining.

Prospect Resources Sells Step Aside Lithium Project in Strategic Pivot to Copper

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In a strategic move reflecting shifting market priorities, ASX-listed Prospect Resources Ltd (PSC) has announced the sale of its Step Aside Lithium Project in Goromonzi. The company entered into a share sale agreement valued at up to US$2.2 million, redirecting its focus and resources entirely toward the burgeoning Mumbezhi Copper Project in Zambia, Mining Zimbabwe can report.

By Rudairo Mapuranga

This decision continues a pattern for Prospect, which previously sold its flagship Arcadia Lithium Project to Chinese battery giant Huayou Cobalt for US$422 million in 2022.

The sale of the Step Aside project is a deliberate pivot by Prospect Resources to capitalise on strengthening copper fundamentals while navigating lithium market volatility.

Managing Director and CEO Sam Hosack stated that the transaction “offers us both upfront cash return and future upside to subsequent exploration success and value growth at Step Aside,” while allowing the company to simplify its corporate structure and reduce overhead costs.

The buyer, Fatima Resources Pty Ltd, brings extensive Zimbabwe operating experience, positioning the Step Aside Project for continued development under new ownership.

The US$2.2 million agreement is structured to provide immediate liquidity while preserving future upside for Prospect.

The milestone payments are contingent on the buyer achieving specific development targets, including entering into binding offtake agreements, upgrading the mineral resource, or completing a future sale transaction valuing the project above US$5.0 million.

The Step Aside Lithium Project, located just 8 km north of the Arcadia Lithium Mine, has demonstrated significant potential through a multi-phase drilling program conducted from 2022 to 2024.

Recent assays from Phase 4 diamond drilling yielded high-grade intercepts confirming substantial mineralisation:

  • 13.0m @ 1.68% Li₂O from 75.5m (WinBin)
  • 15.3m @ 1.25% Li₂O from 179.9m, including 11.0m @ 1.60% Li₂O from 182.0m (Pegmatite E)
  • 5.0m @ 1.68% Li₂O from 149.0m (Pegmatite C)

The drilling successfully extended the high-grade mineralised zone at WinBin by at least 100 meters southwest and confirmed that the deposit remains open in multiple directions and at depth, indicating significant exploration upside. Hosack highlighted the identification of a “significant co-joined mineralised pegmatite system” as a key discovery.

The divestment of Step Aside mirrors Prospect’s successful monetisation of its flagship Arcadia Project just a few years prior.

In December 2021, Prospect signed a binding agreement to sell an 87% interest in the Arcadia Lithium Project to a subsidiary of Zhejiang Huayou Cobalt for an upfront cash consideration of approximately US$377.8 million. The total deal value was US$422 million, including minority shareholders.

The Arcadia Project was one of the world’s biggest hard-rock lithium resources, with proven and probable reserves estimated at 42.3 million tonnes grading 1.19% Li₂O. The sale represented a significant return on investment for Prospect, which had spent approximately US$25.7 million on exploration and evaluation at Arcadia.

Prospect’s strategic pivot centres on the Mumbezhi Copper Project in Zambia’s prolific Central African Copperbelt. The proceeds from the Step Aside sale will fund ongoing exploration at Mumbezhi, particularly the Phase 2 drilling program.

The company announced a maiden mineral resource estimate for Mumbezhi in March 2025 of 107.2 million tonnes at 0.5% copper for 514.6 kilotonnes of contained copper. Recent drilling has extended mineralisation at the flagship Nyungu Central deposit, with hole NCDD010 intercepting 60.5m at 0.53% copper from 296m, including 33.0m at 0.71% copper.

Hosack commented on the progress: “We are making excellent progress with the significant amount of Phase 2 exploration work currently underway. Our drilling at Nyungu Central continues to deliver promising extensional results and is helping us to better define the structure of this significant copper deposit.”

Prospect Resources’ decision to divest its lithium assets and pivot to copper reflects broader trends in the critical metals sector. The global copper market faces a projected supply deficit, driven by demand for electrification and renewable energy infrastructure. Electric vehicles, for example, use up to four times more copper than conventional internal combustion engine vehicles.

Meanwhile, the lithium market has experienced significant price volatility, making it challenging for junior explorers to maintain project economics. Prospect’s strategic shift allows it to reallocate capital from a non-core asset toward a copper project in a stable mining jurisdiction during a period of favourable market fundamentals.

As the company focuses on advancing Mumbezhi, the structured milestone payments from Step Aside provide additional upside exposure without ongoing operational commitments, creating a balanced approach to value creation in the evolving energy metals landscape.

Shareholders to decide on funding lifeline for Premier African’s Zulu Lithium

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Premier African Minerals Limited is set to ask shareholders to endorse a major capital-raising plan to ensure the progression of its Zulu Lithium and Tantalum Project in Fort Rixon, Matabeleland South, at the forthcoming AGM, Mining Zimbabwe can report.

By Ryan Chigoche

The board has flagged two critical resolutions as the main agenda items at the AGM, stressing that approval is essential for the company’s survival and future.

Given the company’s recent operating loss of US$7.7 million in the first half of 2025, and cash on hand of only US$29,000 as at 30 June, the meeting has become a make-or-break event for the miner.

Scheduled for 7 November 2025, the AGM follows a postponement made to allow extra consultation between the board and the company’s principal shareholder on the funding proposals.

Premier is seeking authority to disapply pre-emption rights for 24 months, allowing the board to issue or grant rights over up to five billion ordinary shares.

A second, conditional resolution asks shareholders to approve issuing a further one billion shares within the next 12 months, to facilitate the conversion of rights held by Canmax Technologies, as previously disclosed.

In its circular, the company stated:

“The Board strongly supports both resolutions. Without approval of these resolutions, the Company will be unable to issue shares or raise further capital, and this may have a material adverse impact on the Company’s ability to continue as a going concern.”

Managing Director Graham Hill highlighted the operational significance of the capital raise, saying:

“My conviction has been that in order to achieve stable and consistent operations, all parts of the plant need to be balanced in terms of mass and water flows. This is true for the existing flotation plant as well as for the Secondary Flotation Plant.”

Hill added that the funding will support Phase Five, the pre-production readiness phase, which involves extended plant runs, maintenance optimisation, and system balancing ahead of full-scale production.

The funding appeal comes amid notable operational and financial headwinds. For the six months ended 30 June 2025, the company reported an operating loss of US$7.687 million, attributed mainly to ongoing overheads and administration costs tied to the construction, installation, and optimisation of the Zulu plant.

Cash at hand stood at US$29,000. Furthermore, the company has warned that until the funding is secured and the plant is optimised, substantial uncertainty remains over its ability to deliver on its production targets and may cast doubt on its capacity to continue as a going concern.

This development comes as the company recently announced the completion of a detailed on-site technical audit at the Zulu project that reviewed core plant systems, including pumping, pipelines, and water and mass balance.

The findings from that audit will inform operational adjustments and funding deployment, supporting the company’s assessment of whether the plant, with the proposed capital injection, can reach its design capacity.

Given the operational challenges, tight cash position, and the stakes attached to Phase Five, the 7 November AGM takes on elevated importance: approval of the resolutions may well determine the company’s immediate future, whilst rejection could force Premier to pursue more uncertain, ad-hoc funding routes.

Caledonia Appoints July Ndlovu to Board in Move to Strengthen Growth Strategy

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Caledonia Mining Corporation has appointed July Ndlovu as an independent non-executive director, a move aimed at strengthening the company’s leadership as it pursues expansion and operational efficiency across its gold portfolio, Mining Zimbabwe can report.

By Ryan Chigoche

Ndlovu brings more than 28 years of experience in the Southern African mining sector. He previously served as Chief Executive Officer of Thungela Resources Limited, a South African thermal coal producer, leading the company through significant growth and transformation.

He has also held senior roles at Anglo American Platinum Limited and other major mining firms, overseeing large-scale operations and projects.

Currently an independent non-executive director at AECI Limited, Ndlovu chairs the Remuneration & Human Capital Committee and sits on the Investment, Innovation & Technology Committee.

He has also chaired the boards of Unki Mine (Private) Limited and Anglo American Zimbabwe. He holds a Master’s in Business Leadership from the University of South Africa and a BSc in Metallurgical Engineering from the University of Zimbabwe.

Commenting on the appointment, John Kelly, Chairman of Caledonia, said Ndlovu’s experience in the industry will be key as the company embarks on its next growth stage.

“We are very pleased to welcome July to the Board as an independent non-executive director. His extensive and broad-based experience in scaling and transforming businesses in the mining sector brings a valuable perspective as we execute our next stage of growth. July’s commitment to responsible leadership, health and safety, and stakeholder engagement is exactly the type of guidance we need at this stage.”

As part of its next growth phase, Caledonia is advancing the Bilboes and Motapa projects in Zimbabwe.

The Bilboes sulphide project is undergoing feasibility and optimisation studies aimed at accelerating development while managing capital costs, positioning it as a potential new production hub.

Adjacent to Bilboes, the Motapa property is being explored for shallow oxide and sulphide mineralisation that could supplement the Bilboes feed, enhancing overall project economics.

Together, these initiatives signal Caledonia’s transition from a single-mine operation at Blanket to a multi-asset producer, underpinning the company’s ambition to expand output and strengthen its long-term growth trajectory.

As a result, Ndlovu’s appointment supports Caledonia’s strategic goals.

His track record in large-scale project development, team leadership, and responsible mining is expected to provide critical guidance as the company advances its growth and sustainability objectives.

Skilled Rig Operator Accuses Chinese Drilling Giant of Unpaid Dismissal Package; HR Stonewalls Inquiry

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A skilled Zimbabwean rig operator is locked in a dispute with China Jiangxi International, a Chinese drilling company, over an unpaid terminal benefits package allegedly promised upon his dismissal, Mining Zimbabwe can reveal.

By Rudairo Mapuranga

Obert Mufudza, whose employment with the company dates back to 2019, was dismissed on 2 September 2025. He alleges that the company agreed to a US$1,500 settlement covering his back pay and other entitlements, but has since failed to honour the agreement. When confronted with detailed questions, the company’s Human Resources department allegedly became confrontational and refused to provide any answers.

The case places a spotlight on the labour practices of some Chinese contractors in Zimbabwe’s critical mining sector and tests the enforcement of the country’s labour laws against well-resourced foreign entities.

According to Mufudza, his working relationship with China Jiangxi International began on 17 October 2019. He states that he worked for months without a formal contract—a period during which he was already operating complex and high-risk drilling rigs—before finally signing a short-term contract in 2020.

After a period of interrupted work, he was recalled in August 2024 and worked consistently until his dismissal on 2 September 2025. It was at this point, Mufudza says, that the company made a firm financial commitment.

“When they terminated my employment, they said they would give me all my money, notes, pay leave, and a package. They said they would give me $1,500, which they said was my money for all this time,” Mufudza stated.

This promise, he claims, has not been fulfilled. “Now they don’t want to give it to me; they are just procrastinating. They even said I would get it by the end of last month, but nothing came,” he added.

Mining Zimbabwe sent a detailed list of questions to China Jiangxi International’s HR department, seeking their account of the dismissal and the alleged broken settlement agreement.

After receiving no formal reply, a follow-up call was made. An HR representative confirmed that the inquiry had been “forwarded to his superior” but offered no timeline for a response. When the journalist noted that this lack of feedback left the public “in the dark,” the representative allegedly became abrupt and ended the conversation without any commitment to address the allegations.

This refusal to engage suggests a lack of accountability and leaves the claims made by Mr Mufudza unchallenged.

The role of a rig operator is highly skilled and safety-critical, involving the operation of heavy machinery essential for mineral exploration. The alleged initial lack of a formal contract for such a position raises significant questions about the company’s adherence to standard labour and safety protocols during that period.

The company’s alleged conduct appears to run counter to evolving labour standards, even within China itself. Recent legal developments in China show a push toward stronger worker protections. A new Judicial Interpretation from China’s Supreme People’s Court, effective September 2025, emphasises the importance of stable employment and clarifies employer liabilities, including double wage penalties for failure to sign a written labour contract in certain circumstances.

Furthermore, while China promotes a positive image in Zimbabwe through aid projects such as borehole drilling, disputes like Mr Mufudza’s may undermine that goodwill and fuel perceptions of unfair labour practices by its corporations overseas.

The standoff between Obert Mufudza and China Jiangxi International is more than a personal dispute—it is a test case for corporate accountability. It challenges whether Zimbabwean labour rights can be enforced against international players who choose to ignore them.

For now, the only response from China Jiangxi International is silence—a strategy that speaks volumes and leaves the public to draw its own conclusions.

VP Chiwenga Hails Hwange Colliery’s 31% Production Surge and Debt Clearance

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Hwange Colliery Company Limited (HCCL) Holdings’ impressive 31% production growth and remarkable financial turnaround have drawn high-level praise from Vice President Dr. Constantino Chiwenga, who hailed its revival as a signature achievement of the Second Republic, Mining Zimbabwe can report.

By Rudairo Mapuranga

The company reported a surge in its half-year output, climbing to over 2.5 million tonnes from 1.9 million tonnes in the same period last year. This significant growth was achieved through internal financing, without any fresh capital injection from the government.

VP Chiwenga, who was in Hwange to assess critical government projects, toured the colliery on Monday and witnessed firsthand the operational resurgence. He expressed profound relief and optimism at the company’s recovery.

“I am quite thrilled, very happy, and very relieved to see Hwange Colliery now on its feet,” he said. “I think everyone in the country had almost lost hope regarding its revival, especially with the terrific speed we have witnessed. The team here, led by Mr. Munashe Shava and CEO Mr. William Gambiza, has done a wonderful job.”

The Vice President highlighted the company’s success in clearing a massive debt burden. From a peak of US$450 million in 2018, which included substantial local and statutory obligations, the firm has now settled all its domestic debts. This financial discipline leaves Hwange Colliery with only external debts to manage, marking a critical step towards long-term stability.

The revival has also had a direct human impact, with the workforce expanding to 500 employees—a dramatic increase from the mere handful employed before the advent of the Second Republic.

This performance aligns with the government’s broader economic strategy, which aims to foster growth by increasing the export of coking coal and ensuring a reliable supply of coal for domestic electricity generation.

With the colliery now on a stable footing, VP Chiwenga challenged management to maintain the momentum. “Hwange is back on its feet, and what we now want to see is the rapid development of the various ideas and strategies they have presented to us,” he concluded, signalling government support for the company’s future plans.