Thursday, August 16, 2018
Australia-listed lithium company, Prospect Resources says the laboratory at its Arcadia project is now fully operational and achieving consistent high Quality Assurance (QA) and Quality Control (QC) in all assays including trace analysis in lithium carbonate being produced from the pilot plant. The Arcadia project is located approximately 38 km...
Japan Oil, Gas and Metals National Corporation (JOGMEC) is eyeing a multimillion dollar deal to fund exploration in mineral rich Zimbabwe. Officials from JOGMEC met with Mines and Mining Development Minister Winston Chitando at the just ended African Mining Indaba in Cape Town, South Africa to conclude negotiations that had...
Firm drained of working capital through externalisation New sands retreatment plant in false start Tinashe Makichi Gold mining group, Metallon Gold Corporation, has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information gathered indicates that despite announcing positive production and financial results for the past two years, the...
Enacy  Mapakame Zimbabwe Stock Exchange (ZSE)’s mining index has risen by 15,6 percent to 164,62 since the beginning of the year as counters gained on growing investor confidence. At the start of 2018, the mining index was pegged at 142,4 With a 15,6 percent year-to-date (YTD) gain, the resources index has paced...
Kudzanai Sharara Caledonia’s Blanket Mine plans to increase production from 56,136 ounces of gold in 2018 to approximately 80 000 ounces by 2021. This is according to the Group’s second quarter trading update released on Thursday this week. Blanket Mine’s target production for 2018 is between 55 000 to 59 000...
Golden Sibanda Australia Stock Exchange (ASX)-listed batteries company, Prospect Resources, says it has appointed global engineering company DRA to provide engineering services and upfront design for its flagship Arcadia Lithium Project located near Harare. Prospect said the Arcadia lithium project represented a globally significant resource. It intends to build a 1,2...
Government says it will finalise the Mines and Minerals Amendment Bill into an Act by the end of March this year, with former Mines and Mining Development Minister, Walter Chidhakwa, partly blamed for delaying the Bill’s passage through Parliament. The proposed legislation, currently before Parliament and awaiting its second reading,...
Golden Sibanda A Zimbabwean delegation comprising government and private sector officials descends on Canada next week to lure Foreign Direct investment (FDI) into its lucrative mining sector from one of the world’s most attractive mining regions, continuing a charm offensive for capital inflows into the economy. The Southern African country has...
Golden Sibanda Mining firms in Zimbabwe have expressed reservations over Government’s new platinum beneficiation tax structure, warning the charges were extremely high, undermined competitiveness and viability of this strategic sector. The new platinum tax structure took effect on January 1, 2018 and penalizes miners for export of white concentrate at 5...
Hebert Zharare Lynx, a partner between the Zimbabwe Mining Development Corporation and Graphit Kromphmuhl of Germany to mine graphite, has reportedly shut down after the foreign investor pulled out and set up a similar project in Mozambique. This follows disputes over corporate governance matters including interference in managerial issues by...