Padenga plans $17 million investment in mining operations
“The mining business has budgeted a total of US$17 million to fund exploration activities with the key objective of increasing both the quantum of and confidence in our mineral resource inventory,” Padenga chairman Thembalami Sibanda said
Zim’s gold trade hit by global tensions, soaring shipping costs
Zimbabwe and Ghana are both facing difficulties exporting gold due to disruptions in Middle Eastern trade routes.
RBZ moves to plug gold sector loopholes
“We were beginning to see arbitrage activities where large-scale gold miners were now marketing their gold via the small-scale channel, as if they were small-scale. We want to bridge that,” he said.
Zim’s foreign currency earnings surge
Zimbabwe’s foreign currency receipts rose sharply in the opening months of 2026, climbing 77 percent to US$3,35 billion by February, up from US$1,89 billion recorded during same period last year, according to the Reserve Bank of Zimbabwe (RBZ).
Kavango pursues Nara acquisition
Southern Africa focused metals exploration and gold production company Kavango Resources plc (Kavango) says it remains committed to the acquisition of Nara Gold Project in Zimbabwe (Nara) after extending the deal conclusion for a third time.
Ariana advances Dokwe Gold Project
AIM and ASX-listed Ariana Resources Plc (Ariana) is preparing to launch a second phase of diamond drilling at its wholly-owned Dokwe Gold Project in Zimbabwe, following encouraging results from recent exploration work that have strengthened confidence in the asset’s potential. The upcoming drilling campaign, expected to begin later this month, follows a successful reverse circulation […]
Zim gold sector improving, despite constraints
The country’s gold sector has…benefited from several meaningful reforms in recent years, with changes to foreign exchange retention and greater flexibility in gold export and settlement mechanisms serving to improve capital planning and investor confidence.