RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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U.S COMPANY SECURES $150M FUNDING FOR ZIMBABWE GOLD MINE. (PHOTO).

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 US company secures $150m funding for Zimbabwe gold mine


US mining company Caledonia Corporation said it raised $150 million via a seven-year convertible bond offering to fund its Bilboes project, which, once operational, will be Zimbabwe's largest gold mine.


Zimbabwe-focused Caledonia's debt issuance is the biggest international capital raising in over a decade for the country, which had been shunned by global investors due to economic and policy volatility.


Spot gold prices surged to more than $4,800 per ounce on Wednesday, driven by investors seeking havens who are backing miners like Caledonia to lift output.


In a statement on Wednesday, Caledonia - which operates the 80,000-ounce-per-year Blanket mine in Zimbabwe - said demand for the offering from U.S. institutional investors exceeded $600 million.


Assets


"Receiving more than $600 million of demand from high-quality North American investors is a tremendous endorsement of our strategy, the quality of our assets, our operational track record, and the long-term prospects of the company," Caledonia CEO Mark Learmonth said, Reuters reported.


Caledonia said the bond issue is part of a broader strategy it is pursuing to fund Bilboes, which is expected to start production in late 2028. The mine is expected to reach annual output of 200,000 ounces from 2029 for an initial period of 10 years.


The company is also arranging a $150 million funding facility with a consortium of Zimbabwean and South African banks and will also engage regional and global lenders for Bilboes financing.


The Bilboes project has an expected total cost of $584 million and peak funding requirements of $484 million.


Zimbabwe's gold output plunged to 3 metric tons during the height of its economic and political crisis in 2008. It has more than doubled production over the past decade to an all-time high of 47 metric tons in 2025.

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