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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
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 | 9 | by Staff reporter
Pilot mining starts at Karo platinum project
Tharisa Capital, a South African co-producer of platinum group metal (PGM) and chrome concentrates, says its Karo Mining platinum project in Zimbabwe remains on track, with the first plant concrete po...Published: 18 Jul 2023 at 06:18hrs | 7 | by Staff reporter
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 | 14 | by Staff reporter
Zimbabwe's dollar-only bourse poised for further growth
The value of stocks on Zimbabwe's dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth....Published: 10 May 2023 at 19:23hrs | | 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
Karo Mining's US$4,2bn Zimbabwe platinum project takes off
The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ore expected in the processing ...Published: 08 Dec 2022 at 05:04hrs | 1 | 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
Zimbabwe suspends platinum levy
THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry pla...Published: 17 May 2022 at 06:31hrs | 2 | 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
Zimbabwe is best investment destination, claims Implats
South Africa's Impala Platinum Holdings (Implats) has described Zimbabwe as the best investment jurisdiction due to its predictable and supportive operating environment, which has allowed its investme...Published: 08 Apr 2022 at 06:42hrs | 1 | by Staff reporter
All Zimbabweans must benefit from mineral Resources: Zimcodd
THE Zimbabwe Coalition of Debt and Development has reported that in the week under review, Zimbabwe registered a big milestone in the mining of Platinum Group Minerals (PGMs) with the addition o...Published: 07 Apr 2022 at 11:08hrs | 1 | by Stephen Jakes
ED's penchant for dodgy deals ruins economy
PRESIDENT Emmerson Mnangagwa's penchant for dodgy deals from businesspersons and shady companies was once again brought into the spotlight this week after the government awarded Lithunian printing com...Published: 18 Dec 2021 at 11:23hrs | 12 | by Staff Reporter
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 07:36hrs | 9 | by Staff reporter
Karo plows ahead with mega platinum project
Karo Resources' integrated platinum project in Mhondoro-Ngezi is still proceeding despite disruptions caused by the coronavirus.The project involves mining platinum, chrome, coal and the estab...Published: 26 Sep 2021 at 19:36hrs | | by Staff reporter
Mnangagwa's penchant for dodgy companies astonishing
PRESIDENT Emmerson Mnangagwa's appetite for opaque deals from shady shelf companies and dodgy businesspersons was once again brought into the spotlight this week after British-registered Coven Energy ...Published: 14 Aug 2021 at 18:26hrs | 4 | by Staff reporter
Tharisa buys Great Dyke chrome asset in Zimbabwe expansion
THARISA, the Johannesburg Stock Exchange-listed platinum and chrome producer, has acquired Salene Chrome Zimbabwe for US$3 million as part of its growth strategy in the country.Salene Chrome i...Published: 07 May 2021 at 06:40hrs | | by Staff reporter
Karo Resources venture raises eyebrows
KARO Resources directly employs just eight people, two years after it was allocated vast platinum claims sitting on 23 000 hectares under a project the government said the company would set up a US$4,...Published: 27 Nov 2020 at 07:04hrs | 8 | by Staff reporter
Karo's US$4 billion venture crumbles?
PLANS by Karo Resources (Karo) to set up a US$4,2 billion platinum mining venture and a processing plant in Darwendale after it was controversially allocated claims previously held by Zimplats are cru...Published: 20 Nov 2020 at 06:14hrs | | by Staff reporter
Mnangagwa has little to show for $27bn
When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he's repeated regularly ever since —...Published: 22 May 2019 at 10:44hrs | 2 | by Bloomberg
Zimbabwe attracts 2 new investors to develop platinum mining projects
Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar ...Published: 18 Apr 2019 at 07:23hrs | 3 | by Reuters
Mnanagwa's mega projects stall
AFTER earning the uncanny title of "Mr Groundbreaking" for his vast portfolio of much-publicised investment "mega deals" which are taking rather too long to be implemented, President Emmerson Mnangagw...Published: 22 Feb 2019 at 09:08hrs | | by Staff reporter
Zimbabwe ranks lowly on investment
ZIMBABWE attracted US$470 million in foreign direct investment (FDI) in 2018, making it one of the least attractive investment destinations in the Southern African Development Community.This c...Published: 30 Nov 2018 at 09:38hrs | 10 | by Staff reporter
Zimbabwe's $4,2bn platinum deal in limbo
DODGY investment firm Karo Resources, which was controversially allocated vast platinum claims previously held by Zimplats ostensibly to set up a US$4,2 billion plant - a figure which it later disowne...Published: 03 Nov 2018 at 12:58hrs | 1 | by Staff reporter
Tharisa plan next move as Zimbabwe opens doors again
PLATINUM group metal (PGM) and chrome miner, Tharisa, is taking a low-risk approach to a high-risk country with the investments into Zimbabwe, it has announced this year.For almost 30 years, Z...Published: 13 Sep 2018 at 07:07hrs | | by miningmx.com
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
Mining speculators invade Zimbabwe's Great Dyke
THE politically well-connected Cypriot Pouroulis family - which is close to President Emmerson Mnangagwa - and is associated with speculation in mining has hit the jackpot in Zimbabwe.After cl...Published: 24 May 2018 at 10:35hrs | | by Staff reporter
Tharisa acquires a 90% shareholding in Salene Chrome Zimbabwe
Tharisa has acquired a 90% shareholding in Salene Chrome Zimbabwe (Pvt) Limited at the par value thereof from the Leto Settlement Trust, a related party being the beneficial shareholder of Medway Deve...Published: 16 May 2018 at 10:06hrs | 9 | by SENS
Mining deal signed
Zimbabwe has signed $4,2 billion platinum This is the largest investment structure in the country's mining industry. The landscape of Zimbabwe's mining industry will never be the same again....Published: 22 Mar 2018 at 15:57hrs | 1 | by Leonard Koni
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