Caledonia Mining Corporation, the second-largest gold producer reported quarterly revenue of US$46.9 million, bringing its year-to-date revenue for the first nine months of 2024 to US$135.5 million.

Caledonia Mining Corporation and Padenga Holdings released their third-quarter performance reports this week, with both companies edging closer to their annual targets. Padenga, currently the third-l

This was achieved despite liquidity challenges during the quarter as the government tightened spending in local currency through elevated interest rates which curtailed borrowing. The company was awa

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

The global platinum supply experienced a 7% year-over-year (YoY) increase to 1,479 koz in Q3 2024, primarily driven by augmented stock releases in South Africa. This uptick in supply was a welcome dev

Gold has recorded a historical high of US$296.85 million in exports value in October according to the latest data released by Zimstat in terms of value. Of all the exports, gold accounted for 42.4% s

he mining industry has made significant strides in gold production, already exceeding last year's total.  As of November, miners have sold 32 tonnes of gold, surpassing the 30.1 tonnes recorded for a

Zimplow Holdings, Zimbabwe's leading supplier of tires, mining, and agricultural equipment, has projected that it will not achieve profitability in FY2024, although a near break-even outcome would be

Zimbabwe's gold sector is struggling to reach its full potential, with the country experiencing a loss of US$270 million in gold earnings year-to-date (January to October). This significant shortfall

he gold sector has achieved remarkable advancements in gold sales, having already surpassed last year's figures. November’s gold deliveries experienced a significant uptick, reaching 3,766 kg more tha

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Zimbabwe's trade deficit narrowed by 66% to US$46.9 million in November 2024 from m US$698.1 million in October , attributed  to better exports of gold and tobacco according to the latest Zimstat data

Caledonia Mining Corporation's FY2024 output of 76,656 ounces has fallen within analyst expectations, amidst a significant capital expenditure program of approximately $41.8 million earmarked for 2025

The mining sector has become a cornerstone of numerous African economies, particularly as the continent, despite being the poorest globally, possesses vast untapped resources. Africa contributes less

The Minerals Marketing Corporation of Zimbabwe (MMCZ) has announced Dr. Nomusa Jane Moyo as its new General Manager, effective immediately. Dr. Moyo, who has been the Acting General Manager since July

The United States President, Donald Trump, has withdrawn the United States from the Paris Agreement, citing national interests. Under the international climate accord, first negotiated in 2015, countr

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

Lake Kariba water levels  has gradually risen to 6.17% as of 3rd February 2025 from 3.09% in early January , attributed to intensified rainfall activity on and around the lake according to the Zambezi

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), has recorded a 7%  decline in mined volumes in the half year to full year 2025 from 1 915 000 tonnes in 2023 according to the group’s

The platinum group metals (PGM) sector continues to face significant headwinds, with declining prices and operational challenges weighing heavily on producers. Anglo American Platinum, the world’s lea