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Zimbabwe has signed the Aviation Carbon Market Compact and joined the Supporting Alliance for CORSIA Eligible Emissions Units Supply, alongside Madagascar, Zambia, the UK and Guyana. The alliance seeks to scale up the supply of carbon credits to meet expected demand of 225-million to 250-million emissions units by northern spring 2027, pooling resources to help countries manage carbon credits for use within the Carbon Offsetting and Reduction Scheme for International Aviation.
Platinum producers owed $228-million in unpaid export earningsZimbabwe's government owes platinum miners $228-million in unpaid export income under its foreign currency retention system, which requires exporters to convert 30% of proceeds into local currency. Platinum Producers' Association chairman Alex Mhembere says payment delays are compounding problems for firms battling high costs and erratic electricity supply, while the finance ministry confirms the debt, citing revenue constraints.
Lithium miners seek extension on processing deadlineLithium miners have asked Zimbabwe's government for more time to build processing facilities ahead of a January 2027 ban on concentrate exports. Lithium Producers' Association chairperson Innocent Rukweza says major miners are at various stages of building lithium sulphate plants and requests the beneficiation ban be extended to June 2027, with the industry forecasting 344 000 t of annual lithium sulphate output by 2030.
Zimbabwe Updates
South Africa on June 8 joined the ‘escape club’, ‘North, east, west, south, all in the same house’, with all due acknowledgement to the English pop-rock band The Escape Club. It joins the 2026...
One of the many pertinent questions a panel interviewer asked me at the recent Cambridge Africa Business Conference was what has changed, and what do global investors consistently get wrong, about...
Productivity, automation, safety and sustainability initiatives are increasingly shaping investment decisions in South Africa’s earthmoving and surface mining equipment sector, says diesel engine...
Zimbabwe is considering using its vast natural resources to fund road and railway construction projects with China, finance minister Mthuli Ncube said on Wednesday. The southern African nation,...
The International Air Transport Association (IATA) – the global representative body for the airline industry – has highlighted that Madagascar, Zambia, Zimbabwe, the UK, and Guyana have signed the...
Logistics group Grindrod has highlighted that it expects an improvement in its overall performance in the second half of the year as weather-related disruptions ease and rail capacity recovers. CEO...
South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by xenophobic protest groups for foreigners to leave the country. “There has been...
Zimbabwe's government owes platinum miners $228-million in unpaid export income under its foreign currency retention system, exerting pressure on a sector recovering from a price collapse, an...
Public works and infrastructure minister Dean Macpherson called on law enforcement agencies to act against those responsible for violence against migrants, warning that the attacks are tarnishing...
By: Vuyo Mafrika - Head, Global Markets, Client Solutions – Africa Regional Offices; Chewe Chumanya, Bank Manager, Absa Zambia; and Opy Ramaremisa, Head, Client Solutions, Absa CIB The El...
Africa cannot afford fragmented voices any longer, South Africa’s mining and energy leading light Mike Teke pointed out in an address at the Zimbabwe Chamber of Mines, where he highlighted the need...
Lithium miners in Zimbabwe have asked the government for more time to build processing facilities, ahead of a January 2027 ban on concentrate exports, an industry executive said on Thursday....
Mozambique's new law requiring the State to have a 15% stake in all mining ventures could deter foreign investment, an industry executive said on Thursday. The southern African country is among the...
Zimbabwe's Mimosa platinum mine, jointly owned by Impala Platinum and Sibanye-Stillwater, is reviving its $130-million North Hill life-extension project after a rebound in metal prices, an...
Zimbabwe has licensed a second gold refinery to handle purchases and processing of the southern African nation’s increasing output of the precious metal. The refinery, to be located in the...
Copper and battery metals mining and exploration company Galileo Resources has entered into an agreement to sell its wholly owned subsidiary Virgo Business Solutions to ASX-listed Sandfire...
The business rescue practitioners (BRPs) of Tongaat Hulett have reached an agreement with the Industrial Development Corporation of South Africa (IDC) and the Vision Group of companies to preserve...
Aim-listed Caledonia Mining has released its 2025 environmental, social and governance (ESG) report, highlighting progress made at the company’s flagship Blanket mine, in Zimbabwe. Caledonia...
There are emerging signs that South Africa’s structural reforms are slowly improving the country’s investment potential. In her weekly newsletter titled 'Three good news signals, one unfinished...
As part of its fleet replacement programme, Pangolin Logistics has taken delivery of ten new DAF trucks from Babcock. The new fleet – comprising five XF 480 and five XF 530 units – has been...
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