African Consolidated reports progress at Zim gold projects

Aim-listed resource and development company African Consolidated Resources expected to start first-phase production at its Pickstone gold project, in Zimbabwe, in mid-2012. The Zimbabwe-focused company said the project, although subject to...

Zim to lose significant mining FDI in the short term because of new ownership law – US markets watcher

Zimbabwe stands to lose significant investments from foreign mining companies in the short term should it continue to implement the revised Indigenisation and Economic Empowerment Act without mutual agreements with the affected companies, a...

Resource upgrade adds 340 000 oz to Zim’s Gadzema project

AIM-listed African Consolidated Resources (ACR) has completed an interim Joint Ore Reserves Committee- (JORC-) compliant resource upgrade at its Gadzema gold project, in the Midlands province of Zimbabwe.

Zim Finance Minister dismayed at mining’s contribution 
to State coffers

Zimbabwe’s Finance Minister, Tendai Biti, last week expressed disappointment at the mining sector’s contribution to State coffers.

African Consolidated brings in SSSB to develop Zim gold mine

Minerals exploration company African Consolidated Resources (ACR) has entered into a memorandum of understanding (MoU) with a group of mining experts to develop the openpit mining operations at its Pickstone-Peerless gold mine, in Zimbabwe. The...

New joint venture to explore Zambia rare-earths project

Aim-listed African Consolidated Resources (ACR) has signed a joint-venture (JV) agreement with an Australian-based exploration company Rare Earth International (REI) to explore ACR’s Nkombwa Hill rare-earths and phosphate project, in Zambia....

TWP Investments withdraws from Zimbabwe gold project – ACR

Zimbabwe-focused African Consolidated Resources (ACR) has announced that TWP Investments (TWPI) has decided to withdraw from building a gold plant at the company’s Pickstone mine. ACR noted in a statement to shareholders on Wednesday that TWPI...

Blood diamonds still fuel rebel movements

Following the yearly plenary meeting of the Kimberley Process Certification Scheme (KPCS) in Swakopmund, in Namibia, Zimbabwe will be allowed to resume exports of rough diamonds under a ‘supervised export mechanism’ from its Marange diamond...

Investment arm seeks to list within three years

The investment division of TWP, known as TWP Investments, has set its sights on becoming an independent entity within the next two to three years, and seeks to be listed separately as a mid-tier natural resources and energy company.

Little-known Imperial gets ‘lost' iron-ore rights, private-sector in on commodity rail channels, TWP to own, operate Zimbabwe gold plant

The iron-ore mineral rights that ArcellorMittal ‘lost' at the Sishen iron-ore mine have been awarded to the little-known Imperial Crown Trading, described on the company's website as a commodity broker and trader, with iron-ore at the top of its...

TWP to build, own, operate Zimbabwe gold plant

Project house TWP is building a gold plant in Zimbabwe on a build, own and operate (BOO) basis as part of a toll treating agreement with African Consolidated Resources. TWP CEO and Basil Read executive director Nigel Townshend tells Mining Weekly...

Aggressive expansion plan in place for 2010 – TWP

Project house TWP, which is exhibiting at the 2010 Mining Indaba, has an aggressive expansion plan in place for 2010, TWP Group CEO Nigel Townshend tells Mining Weekly.