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Mining Accounts for 18% Projected Investment Value in Q1 2024
The mining sector accounted for 18% of the projected investment value based on the number of licenses issued, as stated by Zimbabwe Investment Development Agency (ZIDA) CEO Tafadzwa Chinamo.By Rudairo MapurangaChinamo noted that the services sector...
De Beers Unearths Sales Boom in Rough Diamond Sales for Cycle 3, 2024
Anglo-American's diamond subsidiary, De Beers, reported a significant increase in rough diamond sales for the third sales cycle of 2024. The provisional rough diamond sales of Cycle 3 represent the expected sales value for the period...
Kamativi revenue should benefit all Zimbabweans – Mnangagwa
President Emmerson Mnangagwa has emphasized that the opening of the Kamativi Lithium mine should result in a win-win approach between the state and investors.Speaking at the Kamativi Mining Company (KMC)'s spodumene mine and phase one processing...
KMC to process 2.3 million tonnes of spodumene
Kamativi Mining Company (KMC) aims to process 2.3 million tonnes of spodumene ore per annum through its first-phase processing plant and the upcoming second-phase processing plant, slated to commence production in July of this year.President Emmerson...
Production of Battery Grade Lithium: Is Zimbabwe Ready?
Zimbabwe has been pushing for value addition and beneficiation of the country's minerals, with much focus on lithium as the country gears up to advance the green revolution agenda and achieve an upper-middle-income economy by 2030.Beneficiation...
High electricity costs, water shortages hinder progress at Fools
Gold producer, Fools Mine, currently under care and maintenance is facing challenges in returning to full production due to the aforementioned issues. The mine's operations are particularly impacted by its status as a low-grade producer.Thabani Masuku,...
De Beers’ 2024 Q2 Sales Spark Surge in Diamond Revenue
Anglo American's diamond subsidiary, De Beers, has reported a significant increase in diamond revenues despite the rough sales for its latest sales cycle.De Beers last year announced that the seventh sales cycle of 2023, which took...
PLZ produced nearly 300k tonnes of lithium concentrate in 2023
Prospect Lithium Zimbabwe (PLZ) owned Arcadia lithium mine in Goromonzi produced around 280 000 tonnes of concentrate in 2023 and plans are underway to double production in 2024. The company has plans to double production in...
Yes the Mashwest Ministry duo have been arrested for corruption, but…
Mashwest Deputy Provincial Mining Director (PMD) Junior Mudyawabikwa and former surveyor Robson Farayi Chinanayi, who were arrested by ZACC for extorting US$5000 from a man identified as Mr. Mombeshora to facilitate the quick processing of a...
Bikita minerals complete construction of a 12MW solar plant
Sinomine Resource Group-owned Bikita Minerals in an endeavour to mitigate electricity challenges in Zimbabwe at the same time while pushing towards a clean energy future in Zimbabwe has completed the construction of its 12MW solar plant.Rudairo...
RioZim continues to seek other financial backing for 2 800MW Sengwa Power Station
Zimbabwe Stock Exchange-listed diversified mining company RioZim said it has been committed to engaging various stakeholders for potential partnership on its 2800 MW coal-fired plant, Sengwa Power Station.Rudairo MapurangaThe project which had secured funding from China...
Tragedy Strikes as another Mine Collapses in Kwekwe
Another mine collapsed in Kwekwe on Sunday, trapping two people underground. Efforts to rescue the trapped individuals have been ongoing but was reported to be futile. The Kwekwe District Civil Protection Unit, led by Mr Reason...



