123 views
FEATURED
Mining Index Zimbabwe
- April 29, 2022
123 views 29 secs

UK slaps 35% tariffs on Russian diamonds

The UK has imposed heavy tariffs on Russian diamonds as it attempts to up the pressure on President Vladimir Putin following the country’s invasion of Ukraine. The government has increased import duties by 35 percentage points on a range of precious and semiprecious stones and metals from Russia and Belarus, it announced last week. These […]

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209 views
FEATURED
Mining Index Zimbabwe
- April 29, 2022
209 views 58 secs

Zimbabwe’s President confirms Cape Town Mining Indaba attendance

Zimbabwe’s President Emmerson Mnangagwa has been confirmed as an attendee at this year’s Investing in African Mining Indaba to be held in Cape Town from May 9 to 12. He will join other heads of State, including South African President Cyril Ramaphosa, Botswana President Dr Mokgweetsi Eric Keabetswe Masisi, Zambia President Hakainde Hichilema and Democratic […]

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FEATURED
Mining Index Zimbabwe
- April 29, 2022
338 views 11 mins

Zim govt is plotting to strip state mine assets to hide from US$467m in legal claims, but there’s resistance from within

What do you do when your company has claims of close to half a billion US dollars against it? Strip its assets and hide them under another company. Internal documents reveal how the Zimbabwe government plans to strip assets from its state-owned mining company to stave off US$467 million in claims from creditors. Through the […]

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228 views
FEATURED
Mining Index Zimbabwe
- April 29, 2022
228 views 31 secs

Miners take ZFTU to court

THE Zimbabwe Federation of Trade Unions is being sued by its affiliate, the Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU), over a general conference scheduled for next month. ZDAMWU has filed an urgent High Court application, seeking to stop the conference. ZFTU Secretary General, Kenias Shamuyarira, is being accused of trying to illegally impose […]

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154 views
FEATURED
Mining Index Zimbabwe
- April 29, 2022
154 views 6 mins

Implats reports 6% lower refined production amid challenging operating landscape

The gross refined production of platinum group metals (PGMs) mining company Implats declined by 6% to 2.35-million ounces in the nine months to March 31, when sales volumes of 2.38-million ounces were 4% lower than the prior comparable period. “The operating landscape continues to be challenging,” Implats CEO Nico Muller stated in a release on […]

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148 views
FEATURED
Mining Index Zimbabwe
- April 28, 2022
148 views 2 mins

TotalEnergies ramps up buybacks after earnings leap

TotalEnergies (TTEF.PA) will expand plans to buy back its own shares, the French energy group said on Thursday after first-quarter core earnings rose sharply on soaring oil and gas prices. The oil and gas major, which is bolstering its renewables and electricity portfolios, is now planning $3 billion of share buybacks during the first half […]

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193 views
FEATURED
Mining Index Zimbabwe
- April 28, 2022
193 views 18 secs

De Beers’ 15 ct blue diamond sold for $58m at Sotheby’s

The De Beers’ Cullinan blue diamond has been auctioned for HK$450.9-million ($57.5-million) at Sotheby’s in Hong Kong. The 15.1 carat, fancy vivid blue diamond was sold Wednesday evening to an unnamed buyer. The step-cut gem, recovered from the Cullinan mine in South Africa, is the largest vivid blue diamond ever to appear at an auction. […]

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149 views
FEATURED
Mining Index Zimbabwe
- April 27, 2022
149 views 17 secs

Petra looks to offload South Africa mine

Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site’s operations beyond the scheduled closure date of 2025. The deposit has an estimated resource of approximately 5.25 million carats remaining, 1.1 million of which are indicated diamonds, meaning tests have confirmed their presence, Petra […]

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112 views
FEATURED
Mining Index Zimbabwe
- April 26, 2022
112 views 2 mins

Large stones bolster Petra sales

Petra Diamonds’ revenue rose in the third fiscal quarter amid the sale of high-value stones and continued strong prices for rough. Sales climbed 33% year on year to $140.6 million for the three months ending March 31, the company said Wednesday. At Petra’s March tender, prices increased 38% on a like-for-like basis compared with the […]

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160 views
FEATURED
Mining Index Zimbabwe
- April 26, 2022
160 views 49 secs

Li3 signs JV to acquire half of Premier’s lithium assets in Zimbabwe

Aim-listed Premier African Minerals has signed a binding joint venture (JV) agreement with lithium exploration company Li3 Resources, which will acquire a 50% interest in Premier’s hard-rock lithium assets, collectively known as the Li3 project, in the Mutare greenstone belt, in Zimbabwe. Premier acquired these claims in June 2020 and the assets are held by […]

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