Search / Blanket_mine
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 133 | by Staff reporter
Zimbabwe prison officer ropes in inmates for illegal mining
Imagine a scene where one man, dressed in the distinctive green uniform of the Zimbabwe Prisons and Correctional Services (ZPCS), stands out among three others in stark white prison garb. This ZPCS of...Published: 23 Aug 2024 at 07:03hrs | 954 | by Staff reporter
Zimbabwe miner expects to triple gold output
Caledonia Mining plans to triple its gold output by developing Bilboes, the gold asset it acquired last year, using a single-phase development strategy. The company initially considered a phased appro...Published: 05 Jun 2024 at 14:15hrs | 6 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 13 | by Staff reporter
Zimbabwe sees surge in mining investments
Zimbabwe's mining sector has witnessed a surge in investment over the past two years, with several companies investing heavily in exploration, expansion, and plant construction.A recent survey...Published: 09 Nov 2023 at 05:53hrs | 18 | by Staff reporter
Plans to develop Zimbabwe's biggest mine near Bulawayo
Caledonia Mining is exploring options to raise US$250m to develop its Bilboes project into what could be Zimbabwe's biggest gold mine.The company, which also owns the Blanket gold mine in Zimb...Published: 22 Oct 2023 at 10:41hrs | | by Staff reporter
Dembare raid Dulibadzimu United
BEITBRIDGE-based Central Region Division One Soccer League side Dulibadzimu United's coach Stanley "Stano" Ncube has tipped two defenders Meki Meki and Ephan Guvava to scale to greater heights after s...Published: 30 Jun 2023 at 14:30hrs | | by Staff reporter
Caledonia starts direct sale of gold outside Zimbabwe
MULTI-ASSET gold producer Caledonia Mining Corporation has commenced the direct sale of gold produced from Blanket Mine — its flagship operation — to a refiner outside Zimbabwe, NewsDay Business c...Published: 05 May 2023 at 06:20hrs | | by Staff reporter
Caledonia ramps up gold production
GROSS revenues at Victoria Falls Stock Exchange-listed Caledonia Mining Corporation grew by 17,4% to US$142 million last year compared to the same period in 2021, on the strength of increased gold out...Published: 30 Mar 2023 at 06:36hrs | 1 | by Staff reporter
Zimbabwe launches US$10 million gold facility
Prospects for increased gold production received a boost yesterday when Finance and Economic Development Minister, Professor Mthuli Ncube launched a US$10 million gold fund targeting small-scale and a...Published: 16 Feb 2023 at 04:50hrs | | by Staff reporter
Mnangagwa goes on annual leave
PRESIDENT Emmerson Mnangagwa has commenced his annual leave after a busy year that saw his government implementing various developmental programmes.The man who is known for leading from the fr...Published: 25 Dec 2022 at 07:53hrs | 5 | by Staff Reporter
Kariba to continue producing electricity
KARIBA South Hydro Power Station will no longer have to shut down even though it has exhausted its water allocation for this year, but is limited to an average of 300 megawatts, half what it was able ...Published: 04 Dec 2022 at 08:06hrs | 1 | by Staff reporter
Zimbabwe Power Company to get 300MW from Kariba
Kariba South Hydro Power Station will no longer have to shut down even though it has exhausted its water allocation for this year, but is limited to an average of 300 megawatts, half what it was able ...Published: 03 Dec 2022 at 07:11hrs | | by Staff reporter
Mnangagwa relives poisoning ordeal
PRESIDENT Emmerson Mnangagwa yesterday relived his food poisoning experience at a Zanu-PF campaign rally in Gwanda in 2017 and how he was airlifted to Gweru and later South Africa for urgent medicatio...Published: 18 Nov 2022 at 05:20hrs | | by Staff reporter
Zanu-PF supporters urged to secure party's victory, says Mnangagwa
PRESIDENT Mnangagwa yesterday implored Zanu-PF supporters to secure the party's victory in the 2023 harmonised elections by registering to vote as well as mobilising support for the ruling party....Published: 17 Nov 2022 at 05:05hrs | | by Staff reporter
Mnangagwa arrives for Matabeleland South visit
MATABELELAND South will be under the spotlight as President Mnangagwa is today expected to commission the Blanket Mine Central Shaft in Gwanda District during his two-day visit to the province....Published: 17 Nov 2022 at 05:04hrs | | by Staff reporter
Caledonia acquires Bulawayo Mining Company claims
Caledonia Mining, a Jersey-based mining junior whose shares are listed on the Victoria Falls Stock Exchange (VFEX), has acquired Motapa Mining gold claims near the Bilboes Holdings gold mine ass...Published: 03 Nov 2022 at 05:04hrs | 2 | by Staff reporter
Zimbabwe gold deliveries climb to 26 tonnes
Gold deliveries to Fidelity Gold Refinery in the nine months to September 2022 grew by 36 percent to 25,7 tonnes, from 18,9 tonnes in the same period a year earlier, raising the prospect that Zimbabwe...Published: 09 Oct 2022 at 07:50hrs | | by Staff reporter
Duration Gold launches Zimbabwe 'second biggest' exploration
AMBITIOUS resources outfit Duration Gold said this week it had launched a ground breaking multi-commodity exploration campaign, which could help it achieve a long-cherished ambition to become a large-...Published: 17 Jun 2022 at 08:56hrs | 16 | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 7 | by Staff reporter
Zesa on brink of collapse
ZIMBABWE risks sinking into a deeper power crisis amid reports that the country's power utility Zesa is on the brink of collapse due to an unsustainable tariff regime, NewsDay has learnt.The p...Published: 13 May 2022 at 19:06hrs | 1 | by Staff reporter
Naysayers will be buried in own ignorance
For Bishop Lazi and his ilk, today - Palm Sunday - marks the beginning of Holy Week.It is a sacred period that commemorates Jesus Christ's ‘triumphal entry' into Jerusalem for the Passover w...Published: 10 Apr 2022 at 08:08hrs | 1 | by Bishop Lazi
RBZ shelves plans to sell gold buying unit
The Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended plans to dispose of its controlling stake in the country's sole gold buyer, Fidelity Printers and Refinery, to new shareholders, a senior ...Published: 21 Mar 2022 at 06:21hrs | 6 | by Staff reporter
Miner dies as locomotive plunges 100m
A 36 YEAR OLD MINER from Matabeleland South died on the spot after a locomotive he was driving underground at Blanket mine developed an electrical fault resulting from a power cut forcing the machine ...Published: 09 Mar 2022 at 14:14hrs | | by Stephen Jakes
Govt to stimulate gold production
Government has put in place a host of measures to boost gold production starting this year as it angles the sector to contribute significantly towards the attainment of national vision 2030, Mines and...Published: 06 Mar 2022 at 08:15hrs | | by Staff reporter
Blanket inks fresh deal
CALEDONIA Mining Corporation Plc has entered into a zero-cost contract to hedge approximately 25% of its targeted gold production for 2020 at its flagship operation, Blanket Mine in Gwanda.The...Published: 25 Feb 2022 at 07:16hrs | | by Staff reporter
Fatal accident at Blanket Mine
ONE of Blanket Mine's employees, Andrew Clydon Phiri, died yesterday morning following an accident involving a Left-Hand Drive (LHD) loader at the mine's underground haulages. The Gwanda -base...Published: 22 Feb 2022 at 15:31hrs | | by Staff reporter
Caledonia CEO to leave next year
CALEDONIA Mining Corporation chief executive Steve Curtis will retire at the end of June next year, six months after leading the firm's listing on the Victoria Falls Stock Exchange (VFEX).The ...Published: 23 Dec 2021 at 05:40hrs | 7 | by Staff reporter
'Zimbabwe should join EITI to promote transparency'
ZIMBABWE should join the Extractive Industry Transparency Initiative (EITI) to promote transparency and accountability to stop the looting of the country's mineral resources.The EITI is a glob...Published: 12 Dec 2021 at 19:35hrs | 6 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 8 | by Staff reporter
Gwanda war veteran buried
SCORES of Zanu-PF members and local villagers last week thronged the Gwanda Provincial Heroes Acre to bury a war veteran, Joseph Ncube (71) who died in a car accident.Ncube died in a car accid...Published: 05 Dec 2021 at 06:15hrs | 5 | by Staff reporter
Power crisis pushes Blanket Mine into fresh costs
GOLD focused resources giant, Caledonia Mining Corporation says it will increase capital injections at its Zimbabwe-based Blanket Mine by 78% in 2022 due to a worsening power crisis.The New Yo...Published: 28 Nov 2021 at 08:01hrs | 6 | by Staff reporter
600 Matebeleland South miners forfeit gold claims
CLOSE to 600 gold claims owned by small-scale miners in Matebeleland South province have been forfeited to the Mines ministry after the owners failed to pay inspection fees.Zimbabwe Miners Fed...Published: 06 Oct 2021 at 05:48hrs | 4 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 3 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | | by Staff reporter
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
Mnangagwa to officially commission Blanket Mine central shaft
PRESIDENT Mnangagwa would soon commission the Blanket Gold Mine central shaft project in Gwanda, Matabeleland South, which is one of the flagship mining investment projects towards achievement of a US...Published: 20 May 2021 at 05:59hrs | | by Staff reporter
Blanket completes Zimbabwe's deepest gold shaft
RESOURCES firm Caledonia Mining Corporation has blasted off its first gold ore at the US$67 million Central Shaft at Blanket Mine in Gwanda, marking the beginning of a new era following six years of p...Published: 07 Apr 2021 at 07:07hrs | | by Staff reporter
Metallon Gold to reopen 2 gold mines
METALLON Gold has invested US$33 million in the reopening of Redwing Mine and deepening of How Mine in a fresh bid to resuscitate its business empire.The decision by the Mzee Khumalo-run entit...Published: 15 Mar 2021 at 05:07hrs | | by Staff reporter
Police launch manhunt for hit and run suspect
POLICE in Gwanda, Matabeleland South province, have launched a manhunt for a hit and run suspect who is driving a black Mazda Demio.This comes after a 26-year-old man is battling for life at G...Published: 24 Feb 2021 at 17:00hrs | | by Staff reporter
Lockdown defiance rife in Matabeleland South
THERE is widespread defiance of lockdown regulations in most parts of Matabeleland South province, a development that health authorities and police say is worrisome. Areas such as Gwanda, Mbal...Published: 04 Feb 2021 at 05:58hrs | 1 | by Staff reporter
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 22 | by Staff reporter
Zimbabwe mineral exports exceed target
ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe's mineral exports exceed the projec...Published: 04 Jan 2021 at 22:25hrs | | by Staff reporter
Zimbabwe will be a shell by 2023
THE late Rhodesian Prime Minister Ian Smith was slapped with United Nations sanctions from 1965 until 1979, but the country remained one of Africa's richest nations.Zimbabwe was slapped with t...Published: 31 Dec 2020 at 10:50hrs | | by Farai Cheuka
RBZ to sell Fidelity Printers & Refinery
Reserve Bank of Zimbabwe has announced its intention to unbundle and dispose of part of its stake in Fidelity Printers and Refiners.According to a statement from RBZ governor John Mangudya, th...Published: 16 Dec 2020 at 15:09hrs | 1 | by Staff reporter
Caledonia eyeing big gold mine
CALEDONIA Mining is interested in buying one of Zimbabwe's largest gold operations as it embarks on an aggressive plan to acquire more assets in the country, according to a person familiar with the de...Published: 25 Oct 2020 at 07:59hrs | | by Staff reporter
Matemadanda wants big mines in Matebeleland to empower war vets, women & youths
ZANU-PF National Political Commissar Victor Matemadanda has urged big mining companies located in Matebeleland South Province to give mining claims that they are not utilising to war veterans, youths ...Published: 09 Aug 2019 at 07:22hrs | | by Staff reporter
From Lupane to Liverpool
AT the age of three, she was abandoned by her own mother.The bottled up anger of not understanding why a parent, particularly a mother, would leave her child, made staying with her stepmother ...Published: 28 Jul 2019 at 09:05hrs | | by Staff reporter
Load More Stories
