Mines & Energy

NicozDiamond sells off Uganda operation

NicozDiamond sells off Uganda operation

ZIMBABWE’S largest short-term insurer, NicozDiamond, says it has found a prospective buyer for its Ugandan operation, First Insurance Company (FICO). The Group is looking at disposing of FICO, which it acquired from parent company Zimre Holdings, citing low returns on investment. “Negotiations are at advanced stages with the potential buyer,” said NicozDiamond’s general manager for […]

Lake’s water level rising

Lovemore Ranga Mataire in Kariba The water levels in Lake Kariba is increasing daily, raising hopes of resumption of normal power generation and revitalisation of the fishing industry which had been adversely affected by the El Nino induced low rainfall. In an interview, Zimbabwe River Authority (ZRA) spokesperson Elizabeth Karonga said the water level in […]

US$294 million for Kariba rehabilitation

Lovemore Ranga Mataire recently in Kariba Rehabilitation works at Lake Kariba, which produces 40 percent of the SADC region’s electricity, are set to commence next year after Zimbabwe and Zambia managed to secure $294.2 million from several multilateral financiers, including the Swedish government. Zimbabwe River Authority (ZRA) spokesperson Elizabeth Karonga last week told The Southern […]

Mimosa ups platinum production

Harare– Platinum miner, Mimosa has recorded a four percent jump in platinum group metals (PGM) production to 62 410 ounces in its first quarter ending September 2015 compared to the previous

Mozambique to host energy summit

Sifelani Tsiko Mozambique will host the Southern Africa Energy and Infrastructure Summit from May 4 -6 this year to help promote regional co-operation on energy and infrastructure projects that require both private and public sector support. In a statement, Veronica Bolton-Smith, EnergyNet regional director for East and Southern Africa said that regional development is the […]

SADC: A Potential Renewable Energy Gold Mine

SADC: A Potential Renewable Energy Gold Mine

> By Rumbi Chakamba The SADC Renewable Energy and Energy Efficiency report 2015 has identified a huge untapped renewable energy potential in the region. The report which was launched at the South African International Renewable Energy Conference (SAIREC) provides a comprehensive overview of the status of renewable energy and energy efficiency markets, industry, policy and regulatory […]

Employers caution against phosphate mining in Nam

Employers caution against phosphate mining in Nam

By Andreas Thomas Windhoek – The Employers’ Federation of Namibia (NEF) has added its voice to the public debate about phosphate mining off the Namibian Atlantic coast, with the employers’ representative body calling on thorough investigation about its effect on marine life. The Mines and Energy Ministry has listed more than 46 sites off the […]