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Australia firm unfazed by Zimbabwe lithium setback
MetalsGrove, an Australia Stock Exchange (ASX)-listed company, has announced its intention to continue pursuing lithium assets in Zimbabwe despite initial exploration setbacks. The company's explorati...Published: 30 Jun 2024 at 18:31hrs | | by Staff reporter
No handouts to investors in Zimbabwe, says Mutsvangwa
Under President Mnangagwa, there are no handouts to investors, who are all welcome from any part of the world at own risk, Zanu-PF Secretary for Information and Publicity Cde Christopher Mutsvangwa ha...Published: 18 Mar 2023 at 06:31hrs | | by Staff reporter
US$44m war chest to drive Zimbabwe's oil/gas search
Oil and gas explorer Invictus Energy, says the discovery of commercially viable quantities of petroleum deposits at its Mukuyu-1 or Baobab prospects in the north of Zimbabwe would transform the countr...Published: 24 Oct 2022 at 06:06hrs | 10 | by Staff reporter
Setbacks hit Zimbabwe oilfields
AUSTRALIA Stock Exchange (ASX)-listed energy explorer Invictus Energy on Monday said it encountered some "minor" delays in preparing to drive the 12¼ hole section of its Mukuyu-1 exploration well due...Published: 18 Oct 2022 at 06:01hrs | | by Staff reporter
Zimbabwe kicks off drilling first oil well
AUSTRALIA Stock Exchange (ASX)-listed energy explorer, Invictus Energy, kicked off drilling the first of two test wells at its Zimbabwe-based Cabora Bassa claims on Friday, marking an important step i...Published: 27 Sep 2022 at 05:59hrs | 1 | by Staff reporter
Zimbabwe on cusp of oil, gas breakthrough
Australian Securities Exchange (ASX)-listed oil and gas firm Invictus Energy has started assembling drilling equipment at its Mukuyu-1 prospect in Muzarabani, Mashonaland Central, ahead of exploration...Published: 07 Aug 2022 at 08:16hrs | 2 | by Staff reporter
Fresh discovery at Zimbabwe oilfields
AUSTRALIA-headquartered oil and gas outfit, Invictus Energy announced fresh discoveries at its Zimbabwe-based Mukuyu gasfields on Monday, as it laid out plans to blast its first test well from next mo...Published: 26 Jul 2022 at 06:41hrs | | by Staff reporter
Mnangagwa's governance attributed for Zimbabwe lithium exploration success
ASX-listed battery metals project developer Prospect Resources attributes its current success, especially in Zimbabwe, to a "resurgence" of that country's governance and "open for business" mining sec...Published: 01 Mar 2022 at 05:41hrs | | by Staff reporter
Zimbabwe oil drilling to begin in 2022
INVICTUS Energy, the Australian firm prospecting for oil and gas in Muzarabani, may start drilling exploration wells early next year after taking delivery of state-of-the-art equipment to be used in i...Published: 25 Jul 2021 at 08:01hrs | | by Staff reporter
ASX halts Arcadia trading
AUSTRALIA Stock Exchange (ASX)listed resources firm halted trading on Tuesday amid reports the firm has lined up a capital raising deal.The firm has been developing Arcadia lithium mine in Zim...Published: 15 Apr 2021 at 07:30hrs | | by Staff reporter
Prospect sells Zimbabwe gold asset
AFRICAN lithium developer, Prospect Resources Ltd (Prospect) has sold its Penhalonga gold project in Zimbabwe to Luzich Resources Africa for US$1 million.In a statement, Prospect said it had e...Published: 27 Oct 2020 at 07:17hrs | | by Staff reporter
Julien Balkany's and Stephane Rigny's Lelouma Mining Project Gains New Positive Momentum
CONAKRY, Guinea - The Lelouma Bauxite Project, led by Canadian mining tycoon Stephane Rigny and ...Published: 14 Oct 2020 at 09:02hrs | 3 | by Simbarashe Sithole
World lithium deficit a boon for Zimbabwe
ZIMBABWE is among major lithium producers that may draw significant benefits from firm global prices and high demand for the precious mineral due to expected supply deficit projected to start in two y...Published: 01 Oct 2020 at 07:13hrs | | by Staff reporter
Zimbabwe may hold solution to Africa's energy crisis
BACK in the early 1990s, Mobil was exploring for oil in Zimbabwe when it came across large hydrocarbon resources in the Cabora Bassa Basin.The petroleum giant explored over an area extending a...Published: 21 Sep 2020 at 20:44hrs | | by Staff reporter
Lithium project to earn Zimbabwe $3bn
Australia Stock Exchange (ASX) listed Prospect Resources Plc says its Arcadia Lithium project, located 38 kilometres east of Harare, has proven capacity to generate nearly $3 billion in export revenue...Published: 22 Nov 2018 at 05:32hrs | | by Staff reporter
Oil gaffe exposes Mnangagwa govt gullibility
President Emmerson Mnangagwa's government is entangled in yet another embarrassing gaffe and spin around Invictus Energy ‘oil find', which has exposed the authorities' gullibility and desperation fo...Published: 08 Nov 2018 at 06:58hrs | 1 | by Staff reporter
Invictus Energy still to explore Zimbabwe oil deposits
AUSTRALIA-based oil and gas exploration company Invictus Energy Limited (IEL) will tomorrow release initial estimates of how much oil or gas deposits there could be in Muzarabani, Mashonaland Central ...Published: 04 Nov 2018 at 08:56hrs | | by Staff reporter
The world trusts Mnangagwa, So should we
From the moment he assumed office, President Emmerson Mnangagwa has set about reversing the slide into the economic decay, isolationism and a foreign investor's nightmare.The numbers have spir...Published: 28 May 2018 at 09:10hrs | | by Charles (student)
Mnangagwa's six months in office
It is now exactly six months since President Mnangagwa's inauguration on November 24, 2017 as the country's second Executive President and analysts say he has indeed ticked the boxes in as far as esta...Published: 27 May 2018 at 10:10hrs | | by Staff rpeorter
Investment deals bear fruit?
Most of the $15 billion investment commitments to Zimbabwe, the bulk of which are in the mining sector, are progressively coming to fruition, with the $4,2 billion platinum project bankrolled by Cypru...Published: 27 May 2018 at 10:04hrs | | by Staff reporter
Mnangagwa admin pulls in $2.6bn lithium project
The allure of the new political administration has convinced Australian Stock Exchange (ASX)-listed Prospect Resources to commit to a lithium project near Harare, which is expected to generate over $2...Published: 14 Mar 2018 at 05:42hrs | | by Staff reporter
Zimbabwe to become a global lithium player
ZIMBABWE is expected to be one of the major global players in the production of processed lithium, a main component in the manufacturing of electric car batteries with Australian (ASX) listed Zimbabwe...Published: 28 Jan 2018 at 08:07hrs | 5 | by Staff reporter
Zimbabwe to have largest lithium project in Africa
ASX-listed miner Prospect Resources is in the process of developing a $52, 5 million lithium project in Zimbabwe. Latest indications from the latest pre-feasibility study are that the Arcadia Lithium ...Published: 07 Jul 2017 at 06:36hrs | | by Staff reporter
Australian authorities quiz Zimplats
The Australian Stock Exchange (ASX) recently queried Zimplats' curious 66 percent share price leap from A$3,60(US$2,76) to A$6(US$4,60) in a seven-day period to August 10, 2016, as investors cheer...Published: 29 Aug 2016 at 08:53hrs | | by Staff reporter
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