HARARE - The collapse of a proposed investment deal between Australian gas explorer Invictus Energy and Qatari-linked Al Mansour Holdings has exposed serious gaps in how multi-billion-dollar investment pledges to African governments are vetted, verified and enforced, Nehanda Radio can reveal.
HARARE - Invictus Energy has terminated negotiations with Qatari-linked investor Al Mansour Holdings (AMH), accusing the group of seeking terms and conditions that were unacceptable and inconsistent with regulatory requirements, despite indicating a willingness to provide up to US$500 million in future funding.
HARARE - A cabinet directive suspending alluvial gold mining and centralising river rehabilitation approvals has triggered fresh allegations of corruption and state capture, following a revelation that, Prevail Group of Companies, a politically connected company owned by President Emmerson Mnangagwa’s advisor Tempter Paul Tungwarara, has been granted preferential treatment.
HARARE - Kuvimba Mining House (KMH), one of Zimbabwe’s largest diversified mining groups and member of Mutapa Investment Fund, faced a complex set of challenges in 2024 as volatile global commodity markets, weak battery mineral prices, logistical bottlenecks and legacy operational issues weighed on parts of its portfolio.
BULAWAYO - New York Stock Exchange listed Zimbabwean gold mining giant, Caledonia Mining Corporation Plc has formally approved the development of the Bilboes Gold Project in Matabeleland North following the completion of a feasibility study that confirms strong economic prospects for the operation.
