Zimbabwe’s state-owned Kuvimba Mining House is seeking $950 million (Z$25.1 billion) to revitalize its lithium, platinum, and gold assets, marking a significant step in the country’s mining sector expansion. Under the leadership of CEO Trevor Barnard, the company is actively engaging with development banks, mining firms, and traders to secureContinue Reading
HARARE – Chinese investments in Zimbabwe have not improved the lives of ordinary citizens, the United States ambassador to Harare Pamela Marie Tremont said, highlighting rising poverty and worsening inequalities despite significant financial inflows. “The number of people living below the poverty line has doubled since 2011 despite the significantContinue Reading
HARARE – Zimbabwe earned US$209 million from lithium exports in the first nine months of 2023, nearly treble last year’s earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and processing projects take off. Africa’s top lithium producer, Zimbabwe hopes demand for the mineral, which is key forContinue Reading
HARARE – In a bid to support the struggling lithium industry, Zimbabwe has relaxed its previously strict requirements for miners to process lithium locally, a government official confirmed on Thursday. The move comes as the global lithium market grapples with a sharp price slump, impacting producers in the country. Zimbabwe,Continue Reading
Over 300 workers at the RZM Murowa diamond mine in Mazvihwa, Midlands province, have gone on strike after not being paid for two months. The workers officially began their strike on Monday, citing a range of grievances, including unfair labor practices, lack of spare parts for equipment repairs, absence ofContinue Reading
HARARE – Zimbabwe is forecasting a strong economic growth rebound, expecting a rise to 6 percent in 2025, up from just 2 percent this year. The recovery will be driven by improved agricultural performance and enhanced power generation, following the impacts of a severe drought, according to Finance Minister MthuliContinue Reading
