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Lubu coal project gets major boost

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HWANGE – London listed natural resource development company Contango Holdings PLC on Friday reported better-than-expected test results on samples from its Lubu coal project in Zimbabwe.

The Lubu Coal Project covers 19,236 hectares of the highly prospective Karroo Mid Zambezi coal basin, located in the established Hwange mining district in north-western Zimbabwe.

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Contango Holdings said the results exceeded expectations and confirm the viability of Lubu’s metallurgical coal for the production of coke.

The company said it received the results from a set of sample analyses conducted by Bureau Veritas of South Africa. The analyses assessed a variety of metrics and properties derived from the metallurgical seams at the Lubu Coal Project, including ash, sulphur and phosphorous contents, as well as yield and calorific values.

The results, which are reported in full below, have exceeded the Company’s expectations and also confirmed the viability of Lubu’s metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.

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Carl Esprey, chief executive officer of Contango Holdings, explained that the results have exceeded the Company’s expectations and also confirmed the viability of Lubu’s metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.

“We are delighted with the results from this study, which have demonstrated the commercial characteristics of the metallurgical coal at Lubu, as well as its viability in the manufacture of coke,” Esprey said.

“This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne to US$451/tonne over the last year,” Esprey said.

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He added that the price of coke, the product achieved through the ‘cooking’ of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of approximately US$670/tonne.

“With current shortages, the price of coke is likely to increase even further,” he said. “With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook

“This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne to US$451/tonne over the last year,” Esprey said.

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He added that the price of coke, the product achieved through the ‘cooking’ of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of approximately US$670/tonne.

“With current shortages, the price of coke is likely to increase even further,” he said.

“With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook.”- Hourly Hits

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Chinese businesswoman nabbed over $880K illegal transfer scandal

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BY WANDILE TSHUMA

A 52-year-old Chinese national has appeared in court on charges of illicit financial dealings involving US$880 000.

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According to the National Prosecuting Authority (NPA), Sun Limin, a Chinese businesswoman, was arrested on July 31, at her premises in Graniteside, Harare.

“The accused, a Chinese national, is facing charges of contravening the Exchange Control Act [Chapter 22:05] and the Money Laundering and Proceeds of Crime Act [Chapter 9:24:1],” said the NPA in a statement.

“Sun Limin allegedly transferred US$880 000 to China without the Reserve Bank of Zimbabwe’s approval between January and July 2025.

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Investigations have confirmed bills of entry for the goods, which were imported from China via Forbes Border Post. Witness testimonies from clearing agents and documents proving transactions were also obtained.”

The NPA added that Sun Limin concealed the true nature and source of the funds, which authorities believe are proceeds of crime.

Sun Limin was granted US$500 bail, with conditions that include surrendering her passport, reporting to the police every Friday, and refraining from interfering with witnesses.

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“The case highlights growing scrutiny on financial crimes in Zimbabwe, especially involving cross-border transactions. Authorities are tightening controls to curb illicit capital flight and money laundering,” said the NPA.

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Zimparks defends trophy hunting of collared lion in Hwange

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BY NOKUTHABA DLAMINI 

Zimbabwe’s wildlife authority, Zimparks, has defended the killing of a collared lion, Blondie, in Hwange National Park, despite widespread outrage and criticism from conservationists.

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According to BBC News, Blondie, a well-known lion studied by University of Oxford academics, was killed by trophy hunters just outside Hwange National Park in late June. The lion was wearing a collar sponsored by Africa Geographic, a safari company, to support long-term conservation efforts.

In a press statement, Zimparks spokesperson Tinashe Farawo said:

“Zimbabwe Parks and Wildlife Management Authority (ZimParks) confirms that a recent hunt of a collared lion in Hwange National Park was legally conducted, with the necessary approvals and having fully complied with all regulations. Contrary to ongoing speculation, there was no illegality involved in this hunt. While collared animals are marked for research purposes, this does not exempt them from being legally hunted under regulated circumstances. We urge the public to stop spreading wrong information that may cause unnecessary alarm. ZimParks remains committed to transparent wildlife management upholding the regulations in all activities.”

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According to BBC News, Simon Espley, CEO of Africa Geographic, expressed his dismay and anger over the incident, saying that Blondie’s prominent collar did not prevent him from being hunted. Espley also noted that Blondie was a breeding male in his prime, contradicting claims that trophy hunters only target old, non-breeding males.

The incident has drawn comparisons to the killing of Cecil the lion in 2015, which sparked widespread outrage and calls for stricter regulations on trophy hunting.

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Renowned conservationist Alan Elliott passes away at 86

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BY NOKUTHABA DLAMINI

The conservation world is mourning the loss of Alan Elliott, a pioneering conservationist and tourism operator who passed away this morning around 2AM at Materdei Hospital in Bulawayo.

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Elliott, affectionately known as “Mandebele,” was 86 years old.

Photo by Charlene Hewat

Elliott’s contributions to conservation and tourism in Zimbabwe are immeasurable. He was one of the first people to bring tourism to Hwange, Zimbabwe’s largest national park, and founded Touch the Wild, a tourism operation that hosted numerous celebrities, including the Queen and Prince Philip.

We then contacted Charlene Hewat, a close associate of Elliott’s Presidential Elephant Research Trust (PERT), to explain further about his conservation work. Hewat described Elliott as an extraordinary conservationist who dedicated his life to protecting elephants. “Alan’s legacy is imprinted on the wild landscapes he loved so dearly and protected so fiercely,” Hewat said in a Facebook post.

In an interview, Hewat elaborated on Elliott’s work, highlighting his efforts to protect elephants in Hwange. “He went and got a decree from President (Robert) Mugabe to protect the presidential elephants, and he received that decree, and they agreed that they would not shoot any elephants within the Dete Hwange area,” Hewat explained.

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Elliott’s passing has sent shockwaves throughout the conservation community, with many paying tribute to his remarkable legacy. “He’s a legend. Everybody knows him,” Hewat said. “He was an MP in Hwange, spoke fluent Ndebele, and knew a lot of the ministers. He’s just an amazing man, a legend for Zimbabwe.”

As a testament to his enduring legacy, Elliott had asked Hewat to carry on his work with the Presidential Elephant Research Trust. “It was his vision to promote young Zimbabwean researchers, and that’s something that I share and think we can take forward for the country and for the youth,” Hewat said.

 

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