New steel and mining entity

The Zimbabwe government and business services company Essar Africa Holdings Limited (EAHL) have launched two new entities, NewZim Steel (NZS) and NewZim Minerals (NZM).

Hwange Colliery boosts half-year profit 172%

Despite a challenging operating environment, Zimbabwe-based Hwange Colliery Company (HCC) increased its net profit in the six months ended June 30, 2010, by 172% to $4,5-million. In the first half of the previous year, it recorded a net profit of...

Chamber eyes 30% growth for 2010

The Zimbabwe Chamber of Mines reports that the country’s mining industry could grow by as much as 30% in 2010, should power availability improve within the country and if more working capital is made available to mining companies.

Company Announcement: Zim Power Out

Attached please find a press release on: Industrial and domestic consumers of electricity in Zimbabwe should brace for more and prolonged power cuts following the breakdown of four out of the country’s power generators at the Hwange Power...

Zimbabwe’s Hwange reports lower coal sales

JSE-listed Zimbabwean Hwange Colliery on Wednesday reported that total coal and coke sales for the year ended December 2008 amounted to 1,7-million tons, and was 17% down on the more than two-million tons achieved in 2007. The Hwange Coking Coal...

Zim utility, private investor to develop $800m coal mine, build two power units at Hwange

An US$800-million coal mine deal, which has been on the cards for years, is set to take off, following the signing of a deal between the Zimbabwe Electricity Supply Authority (Zesa) and Clidder Minerals.

Zim moots legislation requiring new coal mine investors to build electricity generation stations

The Zimbabwe government says it intends amending the Mines and Minerals Act to include a provision requiring investors pursuing coal-mining ventures to include parallel plans to set up thermal power plants.

Namibia considering nuclear stations using locally mined uranium

Namibia was considering building nuclear power stations and processing uranium mined locally, the Ministry of Information and Broadcasting said. Namibia’s Cabinet had granted approval to the Ministry of Mines and Energy to develop a nuclear...

Wankie secures $5,3m financing

Zimbabwe’s sole coal producer, Wankie Colliery Company, has secured a $5,3-million facility from the African Export-Import Bank to purchase vital spare parts, McCloskey Coal News reports.