Three months after President Emmerson Mnangagwa removed Winston Chitando as Minister of Mines and Mining Development, the ministry has come under investigation by the Zimbabwe Anti-Corruption Commission (ZACC) over the controversial cancellation of a coal mining concession linked to Sengwa Colliery.
Zimbabwe currently does not have the technology at its borders to detect the full range of rare earth minerals that may be contained within lithium or other mineral exports, the Minister of Mines and Mining Development, Polite Kambamura, has told Parliament.
London-listed Kavango Resources plc has raised approximately US$8.4 million through subscriptions in the UK and Zimbabwe to fund the expansion of its gold production operations, including the Hillside Gold Project, while pursuing the acquisition of the Nara Gold Project despite the seller’s recent default on completion terms.
London-listed Kavango Resources plc has announced that the seller of its proposed Nara Gold Project acquisition in Zimbabwe has defaulted on agreed completion terms, prompting the company to pursue legal remedies while continuing with its local gold expansion plans.
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.
