Kuvimba Mining House to inject US$1 million in Zisco Steel

By Alois Vinga KUVIMBA Mining House will inject US$1 million into ZISCO’s resuscitation strategy mainstreamed under the Mining Project and Steel Project in a development that is set to unlock opportunities for several businesses in the value chain. The Zimbabwe Iron and Steel Company (ZISCO) was the largest steel works in Zimbabwe employing about 5,500

Premier African Minerals completes Zimbabwe lithium plant, production imminent

By Reuters HARARE: Premier African Minerals (PREM.L) said on Wednesday it had finished building a lithium processing plant at its Zulu mine in Zimbabwe and expected to start production of spodumene concentrate later this week. Spodumene is a lithium ore with high concentration of lithium, a key component in the production of batteries for electric vehicles.

UK-based Marula Mining set to tap into Zim’s Lithium resource

By Alois Vinga ENGLAND based mining investor, Marula Mining PLC – Haywards Heath has tabled plans to establish a new mining subsidiary in Zimbabwe which will focus on the fast growing battery metals sector. The mineral resource rich Southern Africa nation has the largest lithium deposit on the continent amid expectations that it can do better from

US-based inDrive launches in Harare as Zim becomes 8th Africa operation for tech company

By Darlington Gatsi  UNITED STATES based mobility company, inDrive, has made inroads into the country after launching their ride hailing services in Zimbabwe. The Harare launch  makes Zimbabwe the eighth country in Africa that inDrive has expanded its footprints. In a statement released Wednesday inDrive said the company’s Harare launch will offer locals transport options for mobility. “This

Tech firm launches new online store; says Zimbabwe can grow digital economy

By Staff Reporter A LOCAL information and technology company says Zimbabwe has the ability to tap into online business, in the process of digitalising the country’s economy through embracing scientific knowledge. This comes as ZimhHost Webdesigners introduced digital commerce platform Own Your Online Store (OyOs). OyOs offers a platform for consumers to purchase goods online through a WhatsApp

London-listed Contango completes construction of pilot coke battery at Zim project

By Mining Review Africa Contango Holdings has advised that construction of a small-scale coke battery has been completed at the Lubu Coal Project in Zimbabwe. The pilot coke plant has been constructed to provide on-site capability to manufacture coke from washed coking coal produced at Lubu for testing by future offtake partners and for the

Caledonia Mining Corporation says gold resource base up 52%

By Alois Vinga CALEDONIA Mining Corporation Plc says its gold resource base has increased by 52% on the back of lucrative surging gold output as the miner’s productivity profile continues to surge. The company said it has boosted the gold resource base at its 64%-owned Blanket Mine in Zimbabwe. The total measured and indicated resources estimate

UK-based Vast Resources commends Zim Govt as share shoots on diamond row deal

By Alois Vinga 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 price has gone up. This follows the successful resolution of the firm’s trapped diamonds saga which has dragged on since 2009. The gems have

Ecocash Holdings targets US$ denominated transactions

By Alois Vinga LISTED mobile money transfer platform, Ecocash Holdings Zimbabwe Limited (EHZL) is set to increase US$ denominated transactions in response to current economic dynamics. The development comes at a time when the circulation of foreign currency in conducting formal transactions is on the rise. In an update Tuesday, EHZL company secretary, Charmaine Daniels

Problems mount for Lafarge, requests three months’ suspension from ZSE

By Alois Vinga PROBLEMS continue to mount for Lafarge Cement Zimbabwe (LACZ), prompting the company to request three months’ suspension in trading from the Zimbabwe Stock Exchange (ZSE) to address in-house challenges. This is due to a recently concluded deal by Fossil Mines to buy a 76% stake in LACZ which was stalled for economic

Kuvimba banking on mining proceeds to revive mothballed Ziscosteel

By Staff Reporter STATE- owned Kuvimba Mining House (Kuvimba) is banking on its mining proceeds to revive the defunct steelmaker, Ziscosteel. Ziscosteel, once a leading steel manufacturer, has been idle for over over a decade with its demise attributed to the pressures of Zimbabwe’s shattered economy, gross mismanagement and corruption. Kuvimba, in a statement, said

Caledonia Mining completes takeover of Bubi-based Bilboes gold; Gapare joins board as Exec Director

By Agencies CALEDONIA Mining has announced finalisation of the acquisition of Bilboes Gold Limited, the parent company which owns, through a subsidiary, the Bilboes gold project in Zimbabwe. Commenting on the news in a statement, Mark Learmonth, the company’s chief executive officer, said: “Completion of the Transaction is the cornerstone in Caledonia’s strategy to create a mid-tier, multi-asset

Zim tech company acquires SA, Moz and  Botswana IT firms

By Reason Razao Zimbabwe’s Tano Digital Solutions Group has acquired control of South African-headquartered IT company, Altron Botswana and Altron Mozambique. The move has set the information technology communication company on a trajectory to become one of the biggest tech companies in the region. Wallen Mangere, Tano managing director, commended the recent acquisitions, saying the

Star Africa’s production down 6% due to power outages

By Alois Vinga LISTED sugar based products manufacturer and marketer, Star Africa Corporation Limited (SACL) has seen its production reducing by 6% due to choking power outages. The electricity crisis has dogged Zimbabwe’s industry in the latter months of the year.i It is currently experiencing one of it’s worst power crises which has seen load

Tanganda records cross-cutting exports growth, firm intensifies value addition

By Alois Vinga TANGANDA Tea Company Limited has recorded cross cutting export growth in the midst of intensified value addition efforts. This efforts have been aimed at extracting maximum value from the firm’s products. The move resonates with the local industrial strategy calling on companies to penetrate export markets and deepen linkages to mobilise foreign

ZSE halts trading Lafarge shares for undisclosed reasons

By Alois Vinga THE Zimbabwe Stock Exchange (ZSE) says it has halted the trading of Lafarge Cement Zimbabwe Limited (LACZ) shares over undisclosed reasons emanating from the latter’s recent execution of a sale and purchase agreement. One of Zimbabwe’s biggest cement and related products manufacturers recently finalised the agreement to sell 76,45% owned by International

ZESA Crisis: OK Zimbabwe urges govt to cut diesel prices

By Alois Vinga LEADING retail group, OK Zimbabwe Limited has implored government to consider reducing diesel prices in the short term so as to enable production at a reasonable cost, in the wake of electricity outages. The calls come at a time when the country is experiencing one of its worst power outages. The outages being experienced across

ZB moves to squeeze out Mash Holdings minority shareholders

By Alois Vinga ZB Financial Holdings (ZBFH) has floated an offer for Mashonaland Holdings (MASH) minority shareholders to surrender their stake in the reputable property concern. In a notice to MASH minority shareholders, ZBFH chairperson Pamela Chiromo revealed that the latter reached a control block in the entity following cancellation of 179 489 938 ordinary shares that

Hwange Colliery joint venture company faces restructuring

By Staff Reporter Hwange-based coke processing entity, Hwange Coal Gasification could soon face restructuring after the High Court dismissed its application challenging Justice minister’s decision to place it under reconstruction order. The company is a joint venture between Hwange Colliery Company and Taiyuan Sanxing of China. Court heard in October 2018 government announced that it