LONDON, UK: Kavango Resources plc (LSE:KAV), a metals exploration company focused on Southern Africa, has acquired a 15% stake in Pambili Natural Resources Corporation (TSX-V:PNN), a gold mining, exploration, and development company active in Matabeleland, southern Zimbabwe. Kavango converted a US$250,000 loan and a US$75,000 premium into common shares in Pambili, which recently completed the…
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Caledonia Mining begins direct sale of gold from Blanket Mine to foreign refiner
LONDON, UK: Caledonia Mining Corporation Plc (Caledonia) has started directly selling gold produced from its Blanket Mine to a refiner outside Zimbabwe. The company had been looking at various avenues to achieve direct export of its gold since listing on the Victoria Falls Stock Exchange and completing the Bilboes acquisition. However, unrefined gold will still…
Eutelsat and TelOne to bring broadband connectivity to Zimbabwe
PARIS: Eutelsat Communications and TelOne (Pvt) Limited, one of Zimbabwe’s leading Internet Service Providers, have signed a master service agreement to bring high quality satellite broadband connectivity to Zimbabwe. Under the terms of the multi-year agreement with Eutelsat’s broadband division, Konnect Africa, beginning in March 2021, TelOne (Pvt) Limited will leverage the operational flexibility and…