Search results: Prospect Resources

Invictus Energy, an oil and gas company with operations in Zimbabwe, announced that it will raise A$10 million through a private placement to institutional and sophisticated investors. The funds will be used to finance the company's Mukuyu...

Premier African Minerals Limited, has reported that two issues have delayed the first production at Zulu Lithium and Tantalum Project located in Fort Rixon, 80km from Zimbabwe's second capital city. George Roach, Chief Executive Officer, said the...

Gold miner Caledonia Mining Corporation is raising about $ 13 million, or about £10.5-million, to strengthen its balance sheet and provide it with working capital flexibility to accelerate planned work at its three new gold projects – Bilboes, Motapa and Maligreen...

The global demand for lithium is increasing rapidly due to its importance in producing batteries for electric cars and other infrastructure equipment. Zimbabwe has considerable reserves of lithium, which could potentially drive economic growth if properly...

Mining and development company Marula Mining has established Muchai Mining, an 80%-owned Zimbabwean operating subsidiary. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast-growing and highly attractive battery metals sector, Marula says.Marula will...

Fresh lithium discoveries and the establishment of new lithium mines by conglomerates have of late brought attention to Zimbabwe. This has sparked investor interest with many curious about how they can venture into mining in Zimbabwe....

ZIMBABWE is home to 60 different types of minerals, 40 of which have been traditionally exploited to varying degrees.Platinum group metals (PGMs), chrome, gold, coal, and diamonds are the main minerals. Other minerals found in the...

Government has allayed fears that declaring certain minerals strategic under the proposed Mines and Minerals Amendment Bill would scare away potential investors who might view their investments as not being safe.Mines and Mining Development permanent secretary,...

Investors who attended the Investing in Africa Mining Indaba were charmed by the Minister of Mines and Mining Development Hon Winston Chitando's presentation of the vast opportunities available in the mining sector in Zimbabwe.Rudairo MapurangaThe Minister...

Caledonia Mining Corporation PLC said it has completed the acquisition of Bilboes Gold Limited, the parent company which owns, through a subsidiary, the Bilboes gold project in Zimbabwe.Kelvin SungisoIn a statement, Mark Learmonth, the company's chief executive officer, said:...

The issues of speculative Exclusive Prospecting Orders (EPOs) and the rise of mine-grabbing cartels highlighted proceedings at the launch of the Miners for Economic Development (Miners for ED) Mashonaland West Chapter on Friday.Rudairo MapurangaWhile EPOs are...

Zephyr Minerals Ltd is waiting for two Exclusive Prospecting Orders (EPO) applied for in 2021 in Zimbabwe to be granted. The EPO applications are in the final stage of processing which, upon completion will be submitted to the...