Resources firm Caledonia Mining Corporation has blasted off its first gold ore at the US$67 million Central Shaft at Blanket Mine in Gwanda, marking the beginning of a new era following six years of protracted development. Central Shaft represents one of the most recent significant gold mining investment projects in Zimbabwe that is a game-changer
Caledonia Mining Corporation has poured US$67 million using internal cashflow initiatives into Blanket Mine’s five-year Central Shaft sinking project, which is due for commissioning this quarter. The Gwanda-based gold mine completed the Central Shaft sinking project last year. Caledonia chief executive officer, Mr Steve Curtis, said the last 12 months have been transformational for the
Work on the Zimbabwe Stock Exchange listed beverages giant, Delta’s multi-million dollar Chibuku Super Plant in Rusape has commenced. Delta secured a 10-hectare piece of land at the Tsanzaguru Industrial Park to set up its fifth Chibuku Super Plant in the country. It already operates similar plants in Chitungwiza, Kwekwe, Bulawayo and Masvingo. Upon completion,
Allied Timbers, is targeting to increase production capacity by over 86 percent this year following a capital injection of US$19.8 million towards the construction of a sawmill in Cashel Valley. Allied Timbers board chairperson, Itayi Ndudzo says the government owned entity has so far injected US$5.8 million towards the construction of the sawmill. “Allied Timbers
The history of Turnall Holdings Ltd in Zimbabwe stretches back almost 80 years to 1943 when Porters Cement Industries began producing their first fibre cement roofing sheets. Alfred Porter was an Australian born engineer and entrepreneur working in what was then Southern Rhodesia. Because of the Second World War, the importation of basic building materials
Solar Energy Projects (SEP) opened their new warehouse in May last year at stand 522, in the rapidly developing Pomona Industrial Park along Harare Drive. The new premises include the huge warehouse space of 1000 sq. m, sales and admin offices, and a staff training department all comprising an additional 500 sq. m. There’s also
Almin Metal Industries recently opened a new branch at 7 Cam Road in Graniteside, Harare. Although the new branch opened their doors for business on 1st October, the official launch took place on Friday 13th November. This prestigious event was attended by Netai Magade, representing Minister Sekai Nzenza (Minister of Industry and Commerce), The President
A 700 Megawatt power generation plant is taking shape in Hwange with phase 1 of the three phases set for completion by April this year. Mines and Mining Development Minister Engineer Winston Chitando says the Zimbabwe Zhongxin Electrical Energy (ZZEE) Private Limited is a result of Chinese and Zimbabwe cooperation and is an answer to
Zimbabwe Stock Exchange-listed cement maker Lafarge Cement yesterday said it had completed crucial test runs on a multi-million-dollar dry mortars plant, as work towards assembling another key plant began. A statement released to NewsDay Business said Lafarge’s latest forays would be at the heart of an ambitious expansion strategy that is seen transforming Zimbabwe’s second
The country’s hydro-electricity generation capacity has received a huge boost as the water levels in Lake Kariba continue to rise due to sustained rainfall activity in the Zambezi catchment area. The Zambezi River Authority (ZRA) yesterday said, normally during this period, water levels in the man-made lake should be decreasing, but it is the other
