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Mining Index Zimbabwe
- April 28, 2022
264 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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253 views
FEATURED
Mining Index Zimbabwe
- April 28, 2022
253 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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194 views
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Mining Index Zimbabwe
- April 27, 2022
194 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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184 views
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Mining Index Zimbabwe
- April 26, 2022
184 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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241 views
FEATURED
Mining Index Zimbabwe
- April 26, 2022
241 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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260 views
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Mining Index Zimbabwe
- April 26, 2022
260 views 4 mins

Mining tax experts push for MMCZ-style exploration plan

ZIMBABWEAN tax experts this week reactivated the push for government to establish a public exploration firm, as they cast doubts over the credibility of mining data from private multinationals. Giving insights during a workshop, which ran under the theme; ‘Fight Inequality’, which gave journalists an impression of tax dynamics in the resources sector, the experts […]

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300 views
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Mining Index Zimbabwe
- April 26, 2022
300 views 2 mins

Zambia ‘very close’ to picking investor for Mopani copper mine -president

Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country. Zambia took on $1.5-billion in debt to buy Mopani from Glencore in January 2021 and has been looking ever since […]

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

De Beers signs exploration contracts in Angola

De Beers has inked two exploration agreements with the Angolan government, paving the way for the miner’s return to the African country after a decade-long absence. The 35-year “mineral investment contracts” are for license areas in northeast Angola, De Beers said last week. They cover all stages from exploration to mining. The company expects to […]

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319 views
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Mining Index Zimbabwe
- April 26, 2022
319 views 4 mins

New Limpopo diamond mine on cards

An evaluation carried out by Botswana Diamonds has firmed up the possibility of a diamond mine being developed at the company’s Thorny River property in South Africa’s Limpopo province. The analysis indicates potential opencast options, the London-Aim and Botswana Stock Exchange-listed company said on Monday. The evaluation shows potential for operational positive cash flow even […]

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137 views
FEATURED
Mining Index Zimbabwe
- April 26, 2022
137 views 3 mins

Miners approach ED over Bill

ZIMBABWE’S small-scale miners, agitated by government’s attitude towards their input into the Mines and Minerals Amendment Bill, have taken their issue to President Emmerson Mnangagwa. The Bill came into the picture in 2015 and has taken over six years before being enacted into law. In a letter addressed to Mnangagwa, Zimbabwe Prospectors Union (ZPU) president […]

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