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Caledonia’s new shaft lifts record ore tonnage, earnings double

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BY OWN CORRESPONDENT

Victoria Falls Stock Exchange listed Caledonia Mining’s investment in a new shaft at Blanket Mine is starting to show results; ore tonnage reached new records in the second quarter, helping the company double earnings for the period.

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The company commissioned a central shaft earlier this year, and in the three months to June, Blanket mined and milled 165,000 tonnes of ore, the biggest quarterly tonnage.

“This is a new production record for any quarter and reflects the contribution of the Central Shaft which was commissioned at the end of March 2021 and the build-up towards the target of 80,000 ounces per annum from 2022 onwards,” Caledonia says in a trading update released Thursday.

Gold output was 16,710 ounces in the quarter, 24% higher than the 13,499 ounces produced in Q2 2020. This is also a new production record for a second-quarter at the mine. Production was 29,907 ounces in the First Half, 8% more than the 27,732 ounces in the first half of 2020.

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EBITDA – excluding asset impairments, net foreign exchange gains and losses, and export incentives – of US$14 million, sharply rose by 103% from US$6.9 million in Q2 2020.

Gross revenues of US$30 million were 31% above the US$22.9 million in the second quarter of 2020. Gross profit for the quarter was US$13.9 million, up 51% on the US$9.2 million in the same quarter last year.

Caledonia’s revenue for the six months was US$55.7 million from US$46.5 million, as a result of the increased output and a firmer gold price over the period. Gross profit was US$24.3 million from US$19.7 million last year.

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The company is targeting 61,000 – 67,000 ounces for 2021, before ramping up to over 80,000 ounces per year from 2022, as a result of the new shaft. Last year, Blanket produced a record 57,899 ounces.

There are signs that the company will meet its targets, with production in July, at 5,995 ounces, being above average monthly production. –newZwire

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National

Zimbabwe export surge, diaspora inflows mask funding gaps in foreign affairs sector

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BY STAFF REPORTER 

Zimbabwe is seeing strong gains in export earnings and diaspora remittances, but lawmakers warn chronic underfunding is undermining the country’s diplomatic and economic ambitions.

Parliament heard that remittances reached about $1.8 billion by the third quarter of 2025, while exports rose sharply, helping cut the trade deficit. Lawmakers said the diaspora remains “a vital source of foreign exchange, directly contributing to the enhancement of the nation’s foreign reserves and overall economic stability.”  

However, MPs said financial constraints are weakening the institutions meant to sustain that growth. The Zimbabwe Foreign Services Institute received only a fraction of its budget, limiting recruitment and training.

“The staffing shortfall has inevitably affected operational efficiency and the institute’s ability to discharge its core mandate,” the committee report noted.  

Lawmakers warned that without consistent funding, gains in exports and diaspora engagement could stall, particularly as Zimbabwe pushes toward an export-led economy.

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Nkayi

Burial preparations underway for Nkayi well tragedy victims

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BY NOKUTHABA DLAMINI 

The Nkayi community is preparing to lay to rest the Grade 2 pupil and his neighbor who tragically died in a gas-filled well in Ward 19 last week.

According to Ward 19 Councillor Thubelihle Mabuza Ncube, the young Grade 2 boy is scheduled to be laid to rest today, while the other deceased individual will be buried tomorrow. The community is currently awaiting the arrival of the bodies from the Nkayi regional mortuary. The remains were recently delivered back to the regional mortuary following the completion of postmortem examinations in Bulawayo.

The double fatality occurred when the young student was reportedly lured into a neighbor’s well by an elder to retrieve a bucket in exchange for sweets. The child was quickly overcome by suspected carbon monoxide and a total lack of oxygen. A neighbor who entered the shaft in a desperate rescue attempt also perished after being overwhelmed by the toxic air.

Due to the hazardous conditions within the well, rescuers were unable to enter the shaft and had to use a makeshift wire tool to retrieve the bodies from the surface. Councillor Ncube previously expressed deep distress over the incident, noting that Nkayi is hurting deeply.

While the community mourns, legal proceedings are also in motion. The councillor has indicated that the accused in the matter has been charged by the police. This update follows a series of tragic events in the Nkayi district, including a recent fatal elephant attack in Ward 13.

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Binga

ZPCS reports 104 HIV-positive inmates across Matabeleland North prisons

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BY STAFF REPORTER

A total of 104 inmates are living with HIV across eight correctional facilities in Matabeleland North, according to data from the Zimbabwe Prisons and Correctional Services.

The figures, which were first reported by the Chronicle, were presented by ZPCS Assistant Principal Correctional Officer Godknows Ncube during a National Aids Council stakeholder meeting in Bulawayo.

Of the inmates recorded as positive, 98 are aged 25 and older, while six are under the age of 25. The affected facilities include Victoria Falls Prison, Hwange Prison, Ntabazinduna Satellite Prison, Anju Farm Prison, Tsholotsho Prison, Lupane Prison, and Binga Prison .

During the most recent quarter, 144 inmates underwent testing for HIV, resulting in one positive diagnosis .

While correctional facilities received 900 male condoms, officials reported that no female condoms were provided. Ncube noted the need to address this gender bias and ensure that female protectors are available for inmates.

The prison service is also facing challenges with medication adherence. Ncube emphasized that there is a high number of defaulters, particularly among younger inmates who were aware of their HIV status before entering the system.

He called for the integration of HIV services with other health programs and stressed the importance of strengthening monitoring and reporting within the prisons. Currently, some facilities in the region are not yet accredited to provide antiretroviral therapy services, highlighting a need for further staff training and equipment

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