Search / Caledonia
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
Zanu-PF title deed bait misfires
The ruling ZANU-PF party's election pledge to regularise informal settlements is progressing slowly, with only 11,000 title deeds issued in Harare's Epworth suburb since the start of 2023, according t...Published: 01 Nov 2024 at 06:49hrs | 1088 | by Staff reporter
US investment in Zimbabwe's mining stall, Chinese investment booming
Zimbabwe's mining sector, despite being rich in natural resources, is facing challenges in attracting substantial investment from U.S. companies. Experts attribute this to policy inconsistency and cur...Published: 22 Oct 2024 at 17:16hrs | 1795 | by Staff reporter
ZiG collapse linked to Mnangagwa SADC chairship?
During a recent Senate debate, Citizens Coalition for Change (CCC) Senator Cecil Zvidzai urged Zimbabweans to confront uncomfortable truths about national issues impacting citizens' well-being. His re...Published: 28 Sep 2024 at 12:14hrs | 2448 | 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 celebrates independence amid doom
WHEN visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabw...Published: 16 Apr 2024 at 18:03hrs | 2 | by Leonard Koni
44 years into independence a giant is still facing economic collapse
Visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabwe wil...Published: 13 Apr 2024 at 16:40hrs | | by Leonard Koni
AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | 1 | by Staff reporter
The politics of Zimbabwe's land reform: winners and losers
The political debates about the rights and wrongs of Zimbabwe's land reform continue to occupy many.The tired, old obsession about how the land was taken and the associated focus on so-called ...Published: 31 Mar 2024 at 16:34hrs | 1 | by Ian Scoones
Top firm caught smuggling drugs into Zimbabwe
Authorities have seized drugs that were allegedly smuggled through the country's porous borders by one of the country's major medical service providers Baines Radiology Group (BIG).Highly plac...Published: 24 Mar 2024 at 14:36hrs | 3 | by Staff reporter
Ex-Indian soldiers in murky deals
SUSPECTED former Indian army officers, who have been operating in Mozambique's troubled northern province of Cabo Delgado region, have reportedly settled in Zimbabwe, where they are allegedly operatin...Published: 05 Mar 2024 at 05:01hrs | | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 13 | 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 gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 9 | by Staff reporter
Zanu-PF eyes Goromonzi South seat
Zanu-PF party leadership in Mashonaland East province has begun mobilising for support in Goromonzi South constituency ahead of a February 3 by-election.The seat is one of the biggest peri-urb...Published: 03 Jan 2024 at 05:28hrs | 8 | by Staff reporter
Zanu-PF disciplines land invaders
The ruling party Zanu-PF has implemented disciplinary measures against the Mutare DCC Chairman and certain party members implicated in the unlawful sale and allocation of land.In a statement f...Published: 31 Dec 2023 at 09:01hrs | 12 | by Staff reporter
Zanu-PF draws line in the sand
Zanu-PF has demanded that all illegal land occupations, sale or parcelling out of land and stands, as well as illegal developments, stop forthwith, as the ruling party only supports planned settlement...Published: 31 Dec 2023 at 08:51hrs | 9 | by Staff reporter
Zimbabwe mines need a web presence
Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine,...Published: 24 Dec 2023 at 09:57hrs | 9 | by Jacob Kudzayi Mutisi
Positive performance economy households at US$232
THE LATEST report by Zimvac has revealed that the findings buttress the prevailing positive performance of the economy as average household monthly income was US$232, way above the Total Consumption P...Published: 27 Nov 2023 at 12:38hrs | 7 | by Stephen Jakes
Zanu-PF members beat up cops, release detained colleague
In Goromonzi South, Mashonaland East province, the police are actively searching for two Zanu-PF members who forcefully entered a police station, assaulted on-duty law enforcement officers, and unlawf...Published: 27 Oct 2023 at 06:20hrs | 3 | 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
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 7 | by Staff Reporter
Zanu-PF pledges to rid cities of opposition mess
The Government has finished a geo-technical survey for a number of irregular urban dwellings which sprouted under the watch of inept opposition led local authorities and will soon move workmen on the ...Published: 28 Jul 2023 at 06:42hrs | | by Staff reporter
Zanu-PF aspiring MP in land scam
Zanu-PF's aspiring parliamentary candidate for Goromonzoi South constituency Tinashe Chikonye has been accused of parcelling out State land to home-seekers in Caledonia, claiming the land was his....Published: 22 Jun 2023 at 06:42hrs | 1 | by Staff reporter
Land barons ride on Zanu-PF campaign
SUSPECTED Zanu-PF-linked land barons have invaded large tracts of land in Harare and Chitungwiza, where they are doling out residential stands to desperate home-seekers as a vote-buying gimmick ahead ...Published: 16 Jun 2023 at 08:00hrs | | by Staff reporter
Bulawayo to benefit from Presidential Title Deed and Settlement Regularisation Programme
COWDRAY Park residents in Bulawayo will be issued with title deeds for their properties "very soon", Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has said.It will become t...Published: 04 Jun 2023 at 08:32hrs | | by Staff reporter
Cowdray Park residents to get title deeds soon
COWDRAY Park residents in Bulawayo will be issued with title deeds for their properties "very soon", Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has said.It will become t...Published: 04 Jun 2023 at 08:28hrs | | by Staff reporter
Govt revises target from 220 000 to 1 million housing units by 2025
The government has revised from 220 000 to 1 million the target it had set to build housing units and related social amenities by 2025 following the tremendous progress that it has made across the cou...Published: 11 May 2023 at 05:28hrs | 1 | 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
Tsholotsho, Esigodini, Binga granted town status
TSHOLOTSHO Rural District Council has been given the nod to develop Tsholotsho Centre into a town as the Government embarks on a drive of upgrading communities in fulfilment of the "no one and no plac...Published: 07 May 2023 at 07:45hrs | 4 | 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
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
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
Al Jazeera must be onto something big
THE first of a four-part documentary by international news channel Al Jazeera titled Gold Mafia: The Laundry Service has kicked up so much dust that it is now quite possible for many people to complet...Published: 29 Mar 2023 at 06:55hrs | | by Staff reporter
Simba Makoni steps down
Simba Makoni has stepped down as Powerspeed chairman, having served since 2010, the company says. "Makoni resigned from the Board of Directors of the Company with effect from 23 February 2023....Published: 07 Mar 2023 at 20:15hrs | 2 | by Staff reporter
Zanu-PF commandeers supporters to register en masse
THE ruling Zanu-PF party has reportedly been mobilising its supporters to get registered to vote in Harare and Bulawayo, with hundreds turning up daily at the Zimbabwe Electoral Commission (Zec) regis...Published: 19 Jan 2023 at 07:33hrs | | by Staff reporter
Zimbabwe government backtracks on title deeds
GOVERNMENT has made an about-turn on its election promise to issue title deeds to settlers living in informal settlements with the Housing minister saying the document cannot be dished out on a silver...Published: 14 Dec 2022 at 06:40hrs | 7 | by Staff reporter
Council police officers to be given arresting powers
GOVERNMENT is crafting an enabling legislative framework for establishment of municipal courts across the country, giving council police officers arresting powers.The impending laws would spec...Published: 05 Dec 2022 at 05:49hrs | | 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
'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
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
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | 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
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 1 | by Staff reporter
Zimbabwe gold: new entrant, new strategy, new potential
The formal gold mining sector in Zimbabwe is really dominated by one mining player – Caledonia Mining Corporation. But this is set to change. A company previously focused on oil and gas has changed ...Published: 18 Oct 2022 at 06:10hrs | | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | | by Staff reporter
Zimbabwe miners happy with Govt proposal to pay royalties in gold, diamonds, platinum
Zimbabwe's miners do not expect any significant impact from the government's proposal to collect royalties in the form of refined minerals, the country's Chamber of Mines said on Monday.Presid...Published: 11 Oct 2022 at 06:10hrs | | 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
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