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Prospect Resources debt-free to advance Arcadia
Australian Stock Exchange-listed mining and exploration company’s investment in the Zimbabwe mining industry has been boosted with the company ending the quarter ended 30 September debt-free.
Rudairo Mapuranga
The company has recorded a debt-free cash balance of A$5.7M,...
Mines Ministry to engage investors on closed mines
The Ministry of Mines and Mining Development has said it requires $8 million to enhance efforts towards the resuscitation of closed mines through engagement with investors and relevant stakeholders.Mines Minister Winston Chitando, speaking at the 2022...
Feasibility study for Arcadia project complete
Australia Stock Exchange-listed resources firm Prospect Resources has completed a staged optimised feasibility study for its Acadia Lithium project near Harare, it has been learnt.This study was undertaken by leading engineering consulting business, Lycopodium, with assistance from...
Mining sector to grow by 11% this year
The mining industry is expected to have an 11 per cent growth output in the second half this year, after seeing production fall across key minerals in the first quarter.Vongai MbaraDelivering a State of the Nation...
Prospect identifies a number of exploration targets
Prospect Resources has discovered a number of exploration options that might significantly expand the Arcadia Resource.Shantel ChisangoSpeaking to Mining Zimbabwe, Prospect Resources Managing Director Mr Sam Hosack stated that identifying these exploratory targets puts Prospect on...
New investments boost platinum output
Local platinum production continues to rise on the back of sustained investments in capacity by producers over the years.The country’s major producers — Zimplats, Unki and Mimosa — are expanding operations, while the new project, Great...
Prospect surrenders Zimbabwe gold asset to Luzich Resources.
Australian Stock Exchange-listed mining and exploration junior, Prospect Resources Limited has announced that Luzich Resources has executed the option agreement to buy 100 percent of the company’s Penhalonga Gold project.
Rudairo Mapuranga
According to Prospect, Luzich will complete...
CMED acquires electric cars
Zimbabwe is starting to embrace electric cars with the Government, through the Central Mechanical Equipment Department (CMED) buying six electric vehicles from a Chinese company.Some of the cars are now being used at its driving school,...
Prospect hunts for long-term funding partner
AUSTRALIA–LISTED mining concern, Prospect Resources, has started the process of finding a long-term partner for the funding and development of its flagship Arcadia Mine, a world-class asset on the outskirts of Harare.The development comes after the...
Zim to exhibit energy sector to SA investors
Zimbabwe, a mineral rich country in Southern Africa where recent exploration activities have led to strong indications of potential significant oil and gas prospects will showcase its hydrocarbons potential to investors at Africa Energy Week in...
FPRunbundling to drive gold industry
THE Zimbabwe Environment Law Association (ZELA) says plans by the Government to unbundle Fidelity Printers and Refiners (FPR) has potential to improve local beneficiation and investments in the gold sector.FPR is in the process of being...
Tesla, Re|Source to launch final pilot in DRC to trace cobalt from mine to EVs
Re|Source, a solution to trace responsibly produced cobalt from mine to electric vehicle (EV), is moving forward with a pilot project in the Democratic Republic of the Congo (DRC) jointly developed with EV giant Tesla.
Mining
The program is being tested in...



