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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
UK-based miner identifies potential gold in Matebeleland North
United Kingdom-based miner Ariana Resources Plc has announced promising developments at its Dokwe Gold project located in the Tsholotsho District, approximately 110 kilometers west of Bulawayo, Zimbab...Published: 28 Oct 2024 at 07:03hrs | 556 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44604 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
Cyprus-based miner impressed by Karo project in Zimbabwe
Tharisa Plc, a Cyprus-based miner, has reported significant progress at its Zimbabwean operations with increased output across all facets. The company, integral to the energy transition and decarbonis...Published: 15 Jul 2024 at 08:29hrs | 174 | by Staff reporter
UK exploration company to acquire mine in Zimbabwe
Ariana Resources Plc, a UK-based precious metals exploration company, has agreed to acquire a 100% stake in Zimbabwe's Dokwe Mine. This acquisition complements Ariana's primary operations in T...Published: 08 Jun 2024 at 20:48hrs | 8 | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 8 | by Staff reporter
Parliament tears into court e-system
THE Parliamentary Legal Committee (PLC) has thrown a wrench into the US$3,8 million Integrated Electronic Case Management System (IECMS), issuing a scathing report that questions the fairness and acce...Published: 08 Feb 2024 at 04:30hrs | | 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
Job Sikhala's New Year Message
CHIKURUBI MAXIMUM SECURITY PRISONNEW YEAR MESSAGE FROM CHIKURUBI MAXIMUM SECURITY PRISONDear Zimbabweans and my Worldwide friends.My dearest Zimbabweans and Worldwide friends, ...Published: 04 Jan 2024 at 20:19hrs | 10 | by Job Wiwa Sikhala
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 5 | by Staff reporter
RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 8 | by Staff reporter
London based Kavango set to acquire two gold-rich projects in Zimbabwe
LONDON-based Botswana-focused metals explorer Kavango Resources PLC has signed an exclusive six months option which will see the reputable miner acquiring two lucrative gold exploration projects in Zi...Published: 26 Jul 2023 at 06:35hrs | | by Staff reporter
Galileo Resources reports lithium indications from Zimbabwe drilling
Galileo Resources PLC has reported multiple pegmatite dykes, a key lithium source, over substantial widths in the first two holes of a drill programme at Kamativi in Zimbabwe."The longest runn...Published: 24 Jul 2023 at 10:06hrs | | by proactiveinvestors
Nigerian billionaire's US$1 billion Zimbabwean mining deals stall
NIGERIAN oil and gas billionaire Benedict Peters' massive investment plans to shell out over US$1 billion into a local platinum mining project and more into lithium, iron ore, tin, gold and rare earth...Published: 16 Jul 2023 at 13:54hrs | 12 | by Staff reporter
UK based company discovers substantial gold targets in Bulawayo
UK based Galileo Resources Plc says it has discovered a number of substantial gold targets based on new soil analytical results in the area around the Queen's mine located close to Bulawayo, Zimbabwe....Published: 04 Jul 2023 at 07:00hrs | 1 | by Staff reporter
Mnangagwa to officially commission Binga coal project
PRESIDENT Mnangagwa is expected to officially commission the massive Lubu Coking Coal Project in Binga district, which is being undertaken by a British investor, Contango Holdings.The mine sta...Published: 23 Jun 2023 at 06:30hrs | 10 | by Staff reporter
Call for election boycott over hefty nomination fees
The Nationalists Alliance Party (NAP) has called on other political parties to boycott the upcoming elections in protest against the hefty nomination fees for election candidates.NAP leader, D...Published: 18 Jun 2023 at 09:09hrs | | by Staff reporter
Commotion in Zimbabwe Parliament
There was commotion in the National House of Assembly on Wednesday after the Parliamentary Legal Committee issued a non-adverse report on Statutory Instrument 144, which clearly stipulates that presid...Published: 15 Jun 2023 at 06:56hrs | | by Staff reporter
Zimbabwe Parliament decides on election nomination fees
PARLIAMENT is today expected to decide on election nomination fees following an order by the Constitutional Court after hearing an application that said the amount of money required was beyond the rea...Published: 13 Jun 2023 at 06:39hrs | | by Staff reporter
Zimbabwe's ConCourt orders review of steep nomination fees
THE Constitutional Court (ConCourt) has ordered Parliament to review Statutory Instrument 144 of 2022, which drastically increased the nomination fees for candidates seeking to run for public office i...Published: 10 Jun 2023 at 17:51hrs | | by Staff reporter
Zimbabwe's FBC Holdings acquires Standard Chartered Bank's business portfolio
Zimbabwe's FBC Holdings Limited and Standard Chartered Bank have reached an agreement for the acquisition of the latter's business portfolio in the country, subject to regulatory approval by the Reser...Published: 08 Jun 2023 at 18:04hrs | | by Staff reporter
Mnangagwa's shaky control exposed
INVESTIGATIONS into how a controversial government notice which subverted President Emmerson Mnangagwa's authority while he was in London attending United Kingdom King Charles III's coronation last we...Published: 15 May 2023 at 19:28hrs | 1 | by Staff reporter
Zimbabwean companies descend on the London Stock Exchange
Zimbabwean companies and corporate executives from home and in the diaspora will tomorrow descend on the London Stock Exchange (LSE) - one of the world's biggest bourses in the world with a market cap...Published: 19 Apr 2023 at 20:39hrs | 1 | by Staff reporter
MPs under fire over poor performance
LEGAL think-tank Veritas has described the performance of Members of Parliament (MPs) as "disappointing" after they failed to finalise outstanding Bills in the National Assembly last week.Ther...Published: 06 Apr 2023 at 06:43hrs | | by Staff reporter
Mnangagwa's links with kleptocrats, dodgy business networks solidify
PRESIDENT Emmerson Mnangagwa's state visit to Equatorial Guinea this week, where he met the world's longest-serving head of state, President Teodoro Obiang Nguema Mbasogo, underlines his penchant for ...Published: 12 Feb 2023 at 11:17hrs | 9 | by Staff reporter
UK-based Vast Resources commends Mnangagwa govt
LONDON based mining and resource development company, Vast Resources has hailed President Emmerson Mnangagwa's administration for commitment in resolving legacy issues at a time when the miner' share ...Published: 06 Feb 2023 at 04:57hrs | 2 | by Staff reporter
Masiyiwa 7th as Forbes release latest list of Africa's billionaires
Forbes just published its annual exclusive billionaires ranking, with only three Nigerians making the list. The Nigerians are Aliko Dangote, Abdul Samad Rabiu, and Mike Adenuga. With a net wor...Published: 17 Jan 2023 at 14:33hrs | 2 | by Staff reporter
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 1 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | | 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 | 11 | by Staff reporter
South Africa's Tharisa begins $391 million Zimbabwe platinum mine build
South Africa's Tharisa Plc plans to spend $391 million on developing a 194,000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday.T...Published: 13 Oct 2022 at 06:02hrs | 4 | by Staff reporter
Wadyajena gets passport back
GOKWE-Nembudziya legislator Justice Mayor Wadyajena, who is jointly charged with Cotton Company of Zimbabwe bosses on fraud and money laundering involving over US$5,8 million, had his passport tempora...Published: 31 Aug 2022 at 07:59hrs | | by Staff reporter
Wadyajena fraud case opens can of worms
Zanu-PF Member of Parliament for Gokwe-Nembudziya constituency Justice Mayor Wadyajena who is accused of fraud and money laundering involving US$5,8 million appeared in court Wednesday and was remande...Published: 19 Aug 2022 at 06:48hrs | 14 | by Staff reporter
UK company increases stake in Zimbabwe mining projects
LONDON based opportunity driven firm, Galileo Resources Plc, has increased its stake in BC Ventures, which holds lithium and gold projects in the South West part of Zimbabwe.The transaction fo...Published: 14 Aug 2022 at 07:22hrs | | by Staff reporter
Zec shuts out CCC
THE Zimbabwe Electoral Commission (Zec) says it will not entertain opposition Citizens Coalition for Change (CCC) party's calls for bilateral dialogue on electoral malpractices.Last Wednesday,...Published: 02 Aug 2022 at 06:52hrs | | 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
WorldRemit closes transfers to Zimbabwe banks
British-based digital payments service, WorldRemit has announced its removal of direct bank transfers to Zimbabwean accounts in favour of mostly cash transactions.This came a month after Zimba...Published: 18 Jun 2022 at 07:28hrs | 9 | by Staff reporter
Scandal-ridden Glencore has a big footprint in Zimbabwe
GLOBAL commodities giant Glencore, one of the world's largest diversified natural resource companies, currently engulfed in a corruption and bribery storm in the United States, Britain and Brazil, has...Published: 31 May 2022 at 07:37hrs | 145 | by Staff reporter
SA business group unhappy with rise of Zimbabwean expats
THE appointment of Sitholizwe Mdlalose as chief executive of South Africa's telecoms giant Vodacom has triggered xenophobic reactions after the country's Black Business Council (BBC) demanded that loc...Published: 13 May 2022 at 19:13hrs | 5 | by Staff reporter
Standard Chartered Zimbabwe names Mubayiwa as CEO
Standard Chartered Zimbabwe has named Mubaiwa Mubayiwa as CEO, replacing Ralph Watungwa, who leaves after 'misconduct' allegations. He was Head of Corporate Commercial and Inst...Published: 11 May 2022 at 11:59hrs | 18 | by Staff reporter
By-elections went according to plan
LAST week, the Zimbabwe Electoral Commission (ZEC) held by-elections to fill 28 National Assembly seats and 122 council vacancies which had arisen due to opposition recalls as well as deaths. The much...Published: 03 Apr 2022 at 08:22hrs | 5 | by Staff reporter
Ukraine war hits global wheat supply
Zimbabweans should brace for higher bread and flour prices triggered by growing global demand for wheat following the closure of ports in Ukraine and disruption to supplies from Russia, the two countr...Published: 08 Mar 2022 at 08:23hrs | | by Staff reporter
Crime watchdog removes Zimbabwe from 'grey' watchlist
The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its "grey" watchlist, giving some rare relief to an economy battling global financial isolation....Published: 06 Mar 2022 at 08:27hrs | | 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
Zec feels the heat over voters roll
ZIMBABWE Electoral Commission (Zec) chairperson Priscilla Chigumba yesterday went ballistic during a Multi-Party Liaison Committee (MPLC) meeting in Harare after she was grilled over anomalies in the ...Published: 24 Feb 2022 at 05:40hrs | | by Staff reporter
ZEC warns Zimbabwe political parties
AHEAD of the March 26 by-elections, political parties must sell their ideas to the electorate and not seek scapegoats in the event of losing, the Zimbabwe Electoral Commission (Zec) chairperson Justic...Published: 24 Feb 2022 at 05:38hrs | | 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
Setting the record straight
I AM an avid reader of NewsDay and NewsDay Weekender as they appear online and in print, and take the time and pleasure every day to be informed about the happenings locally, regionally and globally. ...Published: 10 Feb 2022 at 08:02hrs | 10 | by Spokesperson, Embassy of the People’s Republic of China in Zimbabwe
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 1 | by Phillip van Niekerk and a Zim-based Research Team
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