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Israeli investors eye Zim as investment destination

Israeli investors eye Zim as investment destination

Farirai Machivenyika – Senior Reporter Several Israeli companies are showing interest to come and invest in the country with the country’s ambassador to Zimbabwe, Ambassador Gershon Kedar urging Government to continue engagement with various stakeholders to improve the economic environment. Ambassador Kedar said this after paying a courtesy call on Vice-President Kembo Mohadi at his […]

3 years ago Comments Off on Israeli investors eye Zim as investment destination
ED pledges to open platinum sector to all investors

ED pledges to open platinum sector to all investors

HARARE, Oct. 9 (Xinhua) — Zimbabwean President Emmerson Mnangagwa said his government will soon open up the platinum sector to all interested investors while a diamond policy to guide the sector will be announced soon. Government had left out the two minerals when it liberalized the mining sector in December after scrapping the controversial Indigenization […]

3 years ago Comments Off on ED pledges to open platinum sector to all investors
Govt to launch Industrial Development Policy

Govt to launch Industrial Development Policy

PRESIDENT Emmerson Mnangagwa says government will soon launch two policy documents aimed at boosting exports. Addressing delegates at the ZIMTRADE Exporter’s Conference Thursday morning, Mnangagwa expressed confidence the two blueprints will promote trade in a country that has seen its imports outstrip exports over the years. “The new Industrial Development Policy, National trade and National […]

3 years ago Comments Off on Govt to launch Industrial Development Policy
Kamativi lithium mining, a potentially viable venture

Kamativi lithium mining, a potentially viable venture

Kamativi Tailing Company (KTC) said initial drilling results at its lithium project in Matabeleland North have indicated that it can be commercially viable. KTC is a joint venture between Jimbata, operating as Zimbabwe Lithium Company (ZLC) and Kamativi Tin Mines (KTM), a subsidiary of Zimbabwe Mining Development Co. “The maiden resource statement marks the completion […]

3 years ago Comments Off on Kamativi lithium mining, a potentially viable venture
Chinese firm to invest $300m in mining

Chinese firm to invest $300m in mining

China Yantai JinAo Mining Group Co Ltd says it is willing to invest $300 million in mining projects across the country, with a particular focus on processing refractory ores. The company intends to revive the mothballed Kwekwe roasting plant. Said Yantai JinAo Zimbabwe manager, Mr Musorowegomo Mukosi: “JinAo has an interest in processing the roasting […]

3 years ago Comments Off on Chinese firm to invest $300m in mining
Mine Entra bookings reflecting growing business confidence

Mine Entra bookings reflecting growing business confidence

This year’s edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing business with Zimbabwe. Mines and Mining Development minister Winston Chitando is expected to officially open the show, which will run from October 10 to […]

3 years ago Comments Off on Mine Entra bookings reflecting growing business confidence
Caledonia Mining Corporation resource upgrade at Blanket Mine

Caledonia Mining Corporation resource upgrade at Blanket Mine

Caledonia Mining Corporation Plc is pleased to announce an upgrade to the resource base at the Blanket Mine in Zimbabwe. Based on development and diamond core drilling that has been completed up to the end of July 2018 and combined with improvements to the geological model, the total Measured and Indicated gold ounces at Blanket […]

3 years ago Comments Off on Caledonia Mining Corporation resource upgrade at Blanket Mine
Look beyond the horizon to grab available investment opportunities

Look beyond the horizon to grab available investment opportunities

ZIMBABWEAN businesses should look beyond the horizon of challenges and grab available investment opportunities under the new dispensation to help transform the country’s economy, Steward Bank chief executive office, Dr Lance Mambondiani, has said. While President Mnangagwa’s Government has pronounced that “Zimbabwe is open for business”, the seasoned banker and development economist believes collective efforts […]

3 years, 1 month ago Comments Off on Look beyond the horizon to grab available investment opportunities
PGM and Tharisa plan next move as Zimbabwe opens doors again

PGM and 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, Zimbabwe was a no-go zone for substantial new foreign mining investment (other than government-to-government deals with China) because of changing laws and corruption under […]

3 years, 1 month ago Comments Off on PGM and Tharisa plan next move as Zimbabwe opens doors again
Prospect Lithium secures US$10 million

Prospect Lithium secures US$10 million

ASX-listed Prospect Resources has announced that its 70% owned Zimbabwe subsidiary, Prospect Lithium Zimbabwe, has received a US$10 million Export Finance Facility from the Reserve Bank of Zimbabwe through CBZ Bank. The loan carries an interest rate of 7.5% and a capital repayment holiday of 12 months, after which monthly capital repayments are to be […]

3 years, 1 month ago Comments Off on Prospect Lithium secures US$10 million