329 views
FEATURED
Mining Index Zimbabwe
- April 19, 2022
329 views 2 mins

Violence breaks out at Matobo’s Dandi 5 mine

VIOLENCE erupted on Wednesday last week at Dandi 5 gold mine in Matobo, Matabeleland South province, after people suspected to be from Harare invaded the mine. The gang reportedly used machetes and unidentified weapons to drive out workers from the mine. Confirming the incident, mine owner Ndodana Moyo told Southern Eye that: “The gang came […]

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183 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
183 views 2 mins

South Africa sets $900m yearly mineral exploration target

South Africa, home to the world’s biggest deposits of a number of minerals, has set an annual target of attracting $900-million of mining exploration expenditure annually by 2025. The target, equivalent to 5% of the annual spend on exploration globally, is expected to kick start a mining industry, that while among the world’s biggest, has […]

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115 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
115 views 2 mins

Uganda seeks investors to revive copper mine

Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country’s west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with Democratic Republic of the Congo, is estimated by government geologists […]

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211 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
211 views 2 mins

World Diamond Council ends Alrosa’s membership

The World Diamond Council (WDC) ended Alrosa’s membership on Friday in response to the latest US sanctions against the Russian miner. “The deciding factor [was] the sanctions issued by OFAC [the Office of Foreign Assets Control] on the evening of [April 7],” the WDC said Monday. “The termination of membership includes the cessation of any […]

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303 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
303 views 2 mins

Tsenengamu vows to take over SA-owned Zimplats over operation Dudula

Opposition Front for Economic Emancipation in Zimbabwe (FEEZ) leader, Godfrey Tsenengamu, says he is planning to lead masses to seize South Africa-owned Zimplats in retaliation against the ongoing xenophobic attacks against the country’s citizens in the neighbouring country. Stirred by the brutal killing of Elvis Nyathi in Diepsloot last week, Tsenengamu blamed Emmerson Mnangagwa for […]

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246 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
246 views 6 mins

Zimbabwe is the world’s worst investment destination for miners. Or maybe it isn’t

Is Zimbabwe a good investment destination for miners or not? It all depends on who you ask. Each year, Canada’s Fraser Institute asks over 2000 mining companies to assess which countries are best to invest in. The latest Investment Attractiveness Index, which has just been released, says Zimbabwe is the worst mining jurisdiction in the […]

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175 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
175 views 2 mins

Caledonia records 40% increase in gold production

VICTORIA Falls Stock-Exchange-listed Caledonia Mining Corporation Plc has set a new first quarter production record after reporting a 40% increase in gold production in the first three months of the year. Caledonia operates Gwanda-based gold producer Blanket Mine, which has been on an aggressive expansion drive over the past five years. According to the company’s […]

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257 views
FEATURED
Mining Index Zimbabwe
- April 12, 2022
257 views 51 secs

Tesla may start mining lithium as Musk cites battery metal cost

Nearly two years after Tesla outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Lithium has joined the turmoil gripping commodities in the wake of Russia’s war on Ukraine. Even before the […]

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102 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
102 views 2 mins

US imposes further sanctions on Alrosa

The US has blocked assets belonging to Alrosa in the government’s latest action against the Russian miner. The Office of Foreign Assets Control (OFAC) has “designated” the company in an effort to cut off funding for Russia’s war in Ukraine, the US Department of the Treasury announced Thursday. This means Alrosa has joined a list […]

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176 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
176 views 37 secs

Israel’s polished exports surge

Israel’s diamond trade saw robust figures in the first quarter as the industry’s recovery continued, though the Russia crisis has raised questions about how long the trend will last. Polished exports — after returns of unsold items — soared 58% year on year to $1.31 billion for the three months, the country’s Ministry of Economy […]

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