Russian company to prospect for gold in Mazowe

By Chipo Musoko, HARARE, September 6 (The Source) – Monita Minerals, a joint venture  between Russian and local investors will next month begin exploration of alluvial gold in Mazowe once an environmental impact assessment has been completed, a company official said on Friday. The project coordinator,… Read More

Bindura Nickel’s cash flow set to improve

HARARE, September 5 (The Source) – The Zimbabwe Stock Exchange-listed mining concern, Bindura Nickel Corporation’s (BNC) cash flow is set to improve following improved production at its Trojan mine, holding company Mwana Africa said in a statement on Thursday. BNC resumed operations last year after… Read More

Falcon Gold considers shutting down mines

By Chipo Musoko, HARARE, Sept 5 (The Source) – Falcon Gold may permanently shut down its remaining mines in the country due to viability challenges and uncertainty surrounding implementation of the empowerment law, the company said on Thursday. In a statement to shareholders, the gold… Read More

Power cuts set to intensify – ZESA

HARARE, September 4 (The Source) – Zimbabwe’s power utility ZESA says the country will experience more power cuts in the next five months owing to maintenance work being carried out at Hwange and Kariba power stations, as well as diminishing imports. In a statement issued… Read More