Invictus Energy Extends Rig 202 Contract for Future Drilling Operations
DT Correspondent Australia Stock Exchange-listed oil and gas exploration company, Invictus Energy, has successfully executed a contract amendment with Exalo Drilling S.A. (“Exalo”) to extend the presence of Rig 202 in Zimbabwe’s Cabora Bassa Basin for up to two years. This extension will facilitate the drilling and testing of future wells, solidifying Invictus’ commitment to […]
Rushwaya Endorsed as president of ZMF
DT Correspondent Harare: The Zimbabwe Miners Federation (ZMF) Executive has unanimously endorsed Ms Henrietta Rushwaya as the President of the organisation, according to its Secretary General, Mr Morgan Mugawu. During a meeting held in Harare on November 24, 2023, the motion to support Ms Rushwaya’s Presidency was raised by ZMF Midlands Province Chairperson, Mr Makumba […]
‘Value Add Diamonds to Maximise Returns’ – ZELA
DT Correspondent Zimbabwe Environmental Law Association (ZELA) has emphasised the importance of value addition and beneficiation of the country’s diamonds to ensure maximum returns. ZELA deputy director Mr Shamiso Mtisi urged the government to implement measures such as deep boiling and cleaning of diamonds before export, as Zimbabwe has been experiencing significant losses by exporting […]
Murowa Diamonds Suffers 12 percent Decline in Production
DT Correspondent Murowa Diamonds, an associate of RioZim, experienced a significant 12 percent decrease in diamond production during the third quarter of 2023 compared to the same period in 2022. Plant breakdowns were cited as the primary cause of the production slump, according to RioZim’s trading update for the third quarter. Despite this setback, the […]
Mining Sector Reigns as Top Electricity Consumer
DT Correspondent The mining industry remains the largest consumer of electricity, accounting for 24.5 percent of the country’s total consumption during the first quarter of 2023, according to data from the Zimbabwe National Statistics Agency (ZimStat). The figures reveal the significant energy demands placed on the sector, with implications for both the industry’s growth and […]
Govt Adjusts Royalties to Ensure Mining Profitability
…Monitors Commodity Prices
Mash-West Indaba to Unlock Investment Opportunities
DT Correspondent In a determined effort to stimulate economic progress and tap into untapped potential Mashonaland West Provincial Affairs and Devolution Minister Marian Chombo is set to spearhead an Investment Conference at Kadoma Rainbow Towers on Friday. The conference aims to unlock investment opportunities that will drive development and propel the province towards the ambitious […]
Small-scale Gold Miners Target Increased Output Next Year
DT Correspondent Zimbabwe Miners Federation (ZMF) president, Ms Henrietta Rushwaya anticipates a 100 percent increase in gold production from artisanal and small-scale miners during the first quarter of 2024 compared to the same period in 2023. This projection is attributed to reduced rainfall and improvements in electricity generation. In the first quarter of this year, […]
Govt Accelerates Finalisation of Mines Bill
DT Correspondent The Zimbabwean government is working towards finalizing the amendment to the Mines and Minerals Bill. The aim is to ensure that the law is in line with the country’s constitution and effectively addresses the current challenges faced in the mining sector. Speaking during the 4th Quarter Gold Mobilisation Deployment Workshop held in the […]
RioZim Reports 13 Percent Increase in Q3 Gold Output to 307kg
DT Correspondent Zimbabwe Stock Exchange (ZSE) listed miner, RioZim Limited, has announced a significant boost in gold production for the third quarter of 2023. The company’s gold output rose by 13 percent to 307kg compared to 272kg achieved during the same period last year. The increase in production has been attributed to improved power supply, […]