Analysis - Mining Index Zimbabwe

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miningnews - November 29, 2019

249 views 10 mins

Closed mines pose threat to realisation of US$12 billion mining dream

By Features Writer – Friday 29 November 2019 HARARE (Mining Index) – THE extractive sector set a target of achieving US$12 billion mining target by 2023 is real but faces various bottlenecks which need to be addressed. The target being hinged upon mining efficiency must see effective and efficient extraction of minerals. However, with a […]

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miningnews - November 21, 2019

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ZW$293 million a drop in the ocean for mining sector requirements

By Features Writer – Thursday 21 November 2019 HARARE (Mining Index) – REALISATION of the US$12 billion mining target by 2023 has been hinged upon the 2020 national budget following allocation of ZWL$293.2 million to the Ministry of Mines and Mining Development towards capacitation of planning, exploration, data capture and automation, among other services in […]

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miningnews - February 25, 2019

142 views 7 mins

Digesting the 55 percent foreign currency retention threshold for small-scale gold miners

Features Reporter – Monday 25 February 2019 ANALYSIS (Mining Index) – IN the mid-term Monetary Policy statement, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya slashed foreign currency retention threshold for small scale miners from 70 to 55 percent, a move that may negatively affect gold deliveries to the state-run enterprise, Fidelity Printers and Refiners […]

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miningnews - January 22, 2019

273 views 3 mins

Zimbabwe could be in the top 20 gold producing countries by end of 2019

By Features Editor – Tuesday 22 January 2019 ANALYSIS – (Mining Index) – THE recent announcement and upward review of the new gold production target for 2019 to 40 tonnes could potentially place Zimbabwe among the top 20 gold producers in the world. Sudan, which was number 20 on the top gold producing countries in […]

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miningnews - January 17, 2019

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Why Zimbabwe should seek readmission into the London Bullion Market

Features Editor – 17 January 2019 ANALYSIS – HARARE (Mining Index) – GOLD output targets have been set. For 2019, Zimbabwe has projected 40 tons. With the mining sector expected to lead economic recovery in the coming years, 100 tons per annum is anticipated by 2030. Government, through Fidelity Printers and Refiners (FPR), Ministry of […]

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miningnews - January 9, 2019

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Forget about ZISCO reopening; give small-scale iron and steel miners concessions

Features Editor – Wednesday 9 January 2019 ANALYSIS (Mining Index) – THE 3rd of August 2011 witnessed the re-birth of New Zimbabwe Steel, former Zimbabwe Iron and Steel Company (ZISCO) through massive capital injection by Essar Global, an Indian conglomerate group that undertook to recapitalise the steel force owning a 54 percent stake in the […]

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miningnews - January 6, 2019

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Zimbabwe losing her mineral trove to economic hit men

Features Editor – Sunday 6 January 2019 ANALYSIS – (Mining Index) – THE discovery of oil and gas in Zimbabwe, coupled with dire need for Foreign Direct Investment (FDI) to resuscitate the ailing economy, puts Zimbabwe in a precarious position to accept funding even at a compromising position. Mining has become Zimbabwe’s mainstay, overtaking agriculture […]

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miningnews - November 26, 2018

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Multi-billion dollar Zimbabwean gas project lying idle

By Features Reporter ANALYSIS (Mining Index) – FOUR years later after discovery of coal bed methane in Matebeleland North province, Zimbabwe still sits on this multi-billion dollar project, while the country continue to battle to supply power to its domestic users, largely bailed out by electricity imports from South Africa and Mozambique. Coal-bed methane natural gas […]

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miningnews - November 23, 2018

104 views 8 mins

Extractive Industries Transparency Initiative (EITI) only tracks mineral revenue, not expenditure

By Features Reporter ANALYSIS – (Mining Index) –IT is a noble idea for Zimbabwe to join the Extractive Industries Transparency Initiative (EITI), but it is another story as subscribing to the world body is not the overall panacea to bottlenecks affecting Zimbabwe’s mining sector. Control over mineral revenue is one of the main stumbling blocks […]

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miningnews - November 20, 2018

567 views 8 mins

Tantalum, Uranium – potential nuclear electricity sources for Zimbabwe

By Business Reporter HARARE (Mining Index) – CLASSIFIED as a metal and an excellent conductor of heat and electricity, tantalite is a heavy, hard, blue-grey or black shiny mineral found in granite rocks. While this metal is a key ingredient in the manufacture of mobile phones, DVD players, video cameras, personal computers, video game systems, […]