324 views
FEATURED
Mining Index Zimbabwe
- May 13, 2022
324 views 5 mins

Chrome miners cry foul at Chinese smelting firms

CHROME miners are crying foul over underpricing of Zimbabwean ore by some Chinese chrome smelting companies. This comes as chrome miners appealed to the government not to widen the export ban to include raw chrome fines. The chrome ore fines were exempted from the previous ban on raw chrome exports. Miners claim that the fundamentals […]

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416 views
FEATURED
Mining Index Zimbabwe
- May 13, 2022
416 views 4 mins

Matutu elbowed out of mine

FORMER Zanu PF youth leader Lewis Matutu has been elbowed out of the late business tycoon John Bredenkamp’s gold-rich Thetford Estate in Mazowe, it has been established. This comes after a fierce fight for control between Matutu, through a mining consortium, Yamatsanga Mining, and the late Bredenkamp’s son Gavin. The mining consortium was granted mining […]

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342 views
FEATURED
Mining Index Zimbabwe
- May 13, 2022
342 views 4 mins

Zesa on brink of collapse

ZIMBABWE risks sinking into a deeper power crisis amid reports that the country’s power utility Zesa is on the brink of collapse due to an unsustainable tariff regime. Government has insisted on unsustainable tariffs, largely to avoid a public outcry as the country heads towards the 2023 polls. Currently, Zesa charges the equivalent of US$0,02 […]

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280 views
FEATURED
Mining Index Zimbabwe
- May 13, 2022
280 views 4 mins

Blanket Mine revenue rises 37%

GROSS revenues at the Victoria Falls Stock Exchange (VFEX)-listed Caledonia Mining Corporation increased by 37% to US$35,1 million in the first quarter of this year, reflecting a major increase in gold production and prices, the firm said yesterday. In the same period last year, gross revenue stood at US$25,7 million. In its results for the […]

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198 views
FEATURED
Mining Index Zimbabwe
- May 12, 2022
198 views 3 mins

Southern Africa must be pragmatic about a zero-emission future – Miasa

While the Mining Industry Association of Southern Africa (Miasa) supports the just transition to clean energy, the region must ensure it is pragmatic in its approach, says newly elected president Sokwani Chilembo. Chilembo is also the CEO of the Zambia Chamber of Mines. Speaking at an Investing in African Mining Indaba media conference on Wednesday, […]

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197 views
FEATURED
Mining Index Zimbabwe
- May 12, 2022
197 views 5 mins

Large-scale gold miners should help legitimate artisanal miners access formal markets

While a large proportion of artisanal or small-scale gold mining (ASGM) in Africa is illegitimate, companies operating in the large-scale gold mining (LSGM) sector in Africa should work to support responsible and legitimate ASGM operations wherever feasible and help them access the formal global gold market, market development organisation World Gold Council (WGC) CFO Terry […]

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225 views
FEATURED
Mining Index Zimbabwe
- May 12, 2022
225 views 15 mins

Africa’s energy transition paradox

FOSSIL energy is dirty. Its continued use is making an already bad situation worse. That humanity needs to grow its technology beyond reliance on fossil fuels is obvious in the face of the debilitating effects of their contribution to the vagaries of climate change. Industries across the world need urgent decarbonisation and transition to clean […]

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152 views
FEATURED
Mining Index Zimbabwe
- May 11, 2022
152 views 14 mins

Russia crisis prompts De Beers to fast-track Tracr

The recent geopolitical storm pushed De Beers to accelerate the expansion of its blockchain platform, chief brand officer David Prager said. The miner recently launched a scaled-up version of Tracr, enabling the industry to trace all De Beers diamonds through to the jewelry store. The business-to-business (B2B) tool lets retailers see a stone’s entire path […]

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225 views
FEATURED
Mining Index Zimbabwe
- May 11, 2022
225 views 2 mins

Padenga’s mining arm approves US$29m investment, expects to double gold output in 2022

Padenga expects to double gold output in 2022, backed by a US$29 million investment to start underground mining at Pickstone Mine and production from the newly reopened Eureka Mine. Eureka, which returned to production last year after being shut down for 20 years, poured its first gold in July and achieved commercial production volumes in […]

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389 views
FEATURED
Mining Index Zimbabwe
- May 11, 2022
389 views 3 mins

Canadian firm moves to acquire 75% stake in Zim’s gold mine

CANADIAN based gold exploration and development company, Zephyr Minerals Ltd, is planning to acquire 75% stake in Zimbabwe’s Manicaland-based Chikanga Gold Mine in a deal that is pending due diligence in the coming fortnight. If the deal sails through, Zephyr will acquire 75% of the 40 hectares of the mine from Hiltouch Investments (Pvt) Limited. […]

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