MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

Prospect considering Arcadia project financing options

PROSPECT Resources (Prospect) says it is currently reviewing multiple financing strategies for its Arcadia lithium project in Zimbabwe.The project is one of the largest hard-rock lithium resources in ...

By Staff reporter | Published: 03 May 2019

POLITICS

'Zimbabwe faces prospect of a drought'

ZIMBABWE'S crop and livestock production will be negatively affected by delays in rainfall being experienced in the 2018/19 season, a food security report by the United States Agency for International...

By Staff reporter | Published: 20 December 2018

MINING & RETAIL

Prospect seeks SEZ status for lithium project

PROSPECT Lithium Zimbabwe (PLZ), a unit of Australia Stock Exchange-listed Prospect Resources Plc, has applied for special economic zone status (SEZ) for its multi-million dollar Arcadia Lithium proje...

By Staff reporter | Published: 30 November 2018

MINING & RETAIL

Prospect Lithium secures $10m export facility

AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export finance facility from the Reserve Bank through CBZ Bank Li...

By Staff reporter | Published: 12 September 2018

MINING & RETAIL

12 mining firms granted prospecting orders

The Mines and Minerals ministry has granted eight mining companies with exclusive prospecting orders for a period of three years while four companies have been granted special grants for the same peri...

By Staff reporter | Published: 16 July 2018

CONSTRUCTION & PROPERTY

Construction industry growth prospects dim

Zimbabwe's construction industry will only grow by an average of 5% in the next five years due to economic challenges facing the country, BMI Research, a Fitch Group company, has revealed.Speaking at ...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

IDCZ courts prospective suitors

THE Industrial Development Corporation of Zimbabwe (IDC) is in talks with prospective investors who have expressed interest to invest and take up part of or all of its shareholding in its subsidiaries...

By Staff reporter | Published: 18 June 2018

MINING & RETAIL

Positive prospects for Zim's lithium industry

Government says it is excited about the positive prospects of the lithium industry and has committed itself to create a conducive environment for investors in the sector by unlocking funding for the c...

By Staff reporter | Published: 19 May 2018

POLITICS

Mujuru faces grim poll prospects

As Zimbabwe hurtles towards the crunch July/August harmonised elections, former vice president Joice Mujuru, who now leads the National People Party (NPP), finds herself in no woman's land, with her p...

By Staff reporter | Published: 14 May 2018

BUSINESS NEWS

Dangote's prospects in Zim remain on track

Nigerian billionaire Mr Aliko Dangote's billion dollar prospects in Zimbabwe remain on track as the famed richest man in Africa scouts for massive coal and lime opportunities.The reality of this ventu...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Prospect Resources builds lithium plant in Kwekwe

ZIMBABWE has moved a step closer to lithium value addition, as enunciated by President Emmerson Mnangagwa, following installation of a pilot lithium carbonate plant in Kwekwe by Australian-listed mini...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Prospect raises $25m to spend on Arcadia lithium project

An Australia-listed firm Prospect Resources, says it has set aside at least $25 million to fund the construction of a mine and plant at its Arcadia lithium project situated about 38km East of the capi...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Prospect, Sinomine Cement seal lithium project agreement

GOLD and lithium developer Prospect Resources has cemented an agreement with Hong Kong-listed Sinomine Resources Exploration, which will see the development of the Arcadia lithium project, in Zimbabwe...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Strong US$ dampens PPC's export prospects

A FIRMER United States dollar has dampened Portland Pretoria Cement Zimbabwe (PPCZ)'s prospects of penetrating potential lucrative regional markets, an official said.PPC Zimbabwe managing director Mr ...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

Zim prospects for new minerals

GOVERNMENT has intensified its exploration of new minerals and has granted 30 exclusive prospecting licences since November last year, Minister of Mines Winston Chitando has said.Zimbabwe, which has 4...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Prospect buy 70% of the Good Days lithium project

Zimbabwe-focused mining group, Prospect Resources has extended its lithium resource base in Zimbabwe by acquiring Barrington Resources' Good Days lithium project.ASX-listed Prospect Resources already ...

By Staff reporter | Published: 01 March 2018

MINING & RETAIL

Prospect acquires lithium project in Zim

Prospect Resources has exercised its option to acquire the Good Days lithium project. The project is located in northeastern Zimbabwe and contains numerous mineralised pegmatites.Prospect's flagship ...

By Staff reporter | Published: 28 February 2018

MINING & RETAIL

Sinomine's shrewd moves impress Prospect

Chinese mining group Sinomine's recent clever acquisitions in its bid to become the world's leading battery minerals company appears to have hit home with Prospect Resources, which is in negotiations ...

By Staff reporter | Published: 27 February 2018

ECONOMC INDICATORS

World Bank cuts Zim's growth prospects

THE World Bank has cut Zimbabwe's economic growth rate forecasts to just 2 percent  on mounting evidence of weak foreign direct investment, liquidity constraints and lack of policy clarity.It has...

By Staff reporter | Published: 14 June 2014

MINING & RETAIL

Prospect Resources to raise $1m for Zim mine

Australian listed company, Prospectus Resources says it has entered into a placing agreement to raise $1million  dollars about A$1 078 748) through the issuance of 71,9 million shares at $0,015 t...

By Staff reporter | Published: 30 May 2014

MINING & RETAIL

Zim prospects for new mineral deposits

Zimbabwe is exploring for new mineral deposits as the hard pressed government seeks to raise cash from the country's vast resources. Mines minister Walter Chidhakwa said new deposits would be used for...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

'Zim an attractive prospect,' says Imara

Stockbrokers Imara Edwards Zimbabwe say that Zimbabwe is at an opportune moment to attract foreign investment.Imara is one of the largest asset managers in Zimbabwe, managing segregated portfolios for...

By Staff reporter | Published: 23 April 2014

TRANSPORT & TOURISM

Prospects bright for Byo hotels during ZITF

A NUMBER of hotels in Bulawayo are fully booked while bookings are still in progress for the rest of the hotels ahead of the Zimbabwe Trade Fair (ZITF) in April.A survey by Business Chronicle showed t...

By Staff reporter | Published: 14 February 2014

POLITICS

Economic stability key to Zim growth prospect

The 2014 policy driven national budget forecast's the country to grow by 6.4 percent this year, with economists saying macroeconomic stability is a key factor to the success of this growth prospect.A...

By Staff reporter | Published: 16 January 2014
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