RioZim focuses on mine expansion, debt restructuring
RioZim is turning its attention to rebuilding production capacity and restructuring its balance sheet after restoring operations at its key mines during the first half of 2026.
RioZim seeks shareholder nod to sell Renco Mine
RioZim Limited is seeking shareholder approval to dispose Renco Mine for at least US$35 million, according to an abridged circular issued Monday.
Mining propels Padenga H1 revenue 44% to US$187 million
Padenga Holdings recorded a 44 percent rise in revenue for the half-year ended June 2026, spurred by its gold mining division, Dallaglio, which contributed 97 percent to the group’s top line.
Caledonia closes in on $600m funding for Bilboes gold project in Zimbabwe
Caledonia Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150 million interim bank facility due to close as early as October.
Africa’s largest gold producer forces exporters to refine their gold locally or face sanctions
Ghana has begun enforcing a requirement for some gold exporters to refine their gold locally before shipping it abroad, as Africa’s leading producer seeks to retain more value from an industry that generated about $20 billion in export earnings last year.
Caledonia reports maiden 510K oz gold resource estimate at Zimbabwe exploration project
Caledonia Mining Corporation Limited has announced a maiden mineral resource estimate at its Motapa property in Zimbabwe, totaling 7.8 million tonnes of ore at a grade of 1.51 grams per tonne, containing 510,000 ounces of gold.
Caledonia posts $76 million Q2 revenue on strong gold price, higher-grade ore
Gold producer Caledonia Mining Corporation has reported a 16 percent jump in revenue to $75.9 million for the second quarter ended 30 June, from $65.3 million recorded in prior comparable period, buoyed by strong international gold prices and higher grade ore.
Ariana Resources targets 2028 gold production from Zimbabwe greenfield project
London-listed Ariana Resources expects to start producing gold from its greenfield project in Zimbabwe in 2028, the company’s managing director Kerim Sener said.
Gold rallies above $4 300 on progress toward reopening Hormuz
Gold extended its biggest gain in six months as signs of progress in reopening the Strait of Hormuz eased energy-led pressure on the Federal Reserve to raise interest rates.
Indian billionaires challenge China for gold, lithium and telecom wealth in Africa
India’s richest people are growing their work in Africa, putting billions into areas like mining, mobile phones, factories, and clean energy.