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FEATURED
Mining Index Zimbabwe
- April 13, 2022
392 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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249 views
FEATURED
Mining Index Zimbabwe
- April 13, 2022
249 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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374 views
FEATURED
Mining Index Zimbabwe
- April 12, 2022
374 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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153 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
153 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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224 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
224 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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354 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
354 views 2 mins

Investors urge Rio Tinto to cut indirect emissions

Rio Tinto on Friday said climate change was at the heart of its new strategy, as shareholders at its first in-person annual general meeting (AGM) in two years in London demanded the miner set clear targets to cut indirect emissions. Rio Tinto recorded its best ever annual profit in 2021 and gave shareholders a record […]

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315 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
315 views 9 mins

Karo’s highly touted refinery turns out to be just a mirage

KARO Mining Holdings, controlled by Loucas Pouroulis, whose plan is to set up a multi-million-dollar platinum refinery plant in the country, currently employs 11 people, four years after it was allocated vast mineral claims sitting on 23 000 hectares along the resource-rich Great Dyke area, the Zimbabwe Independent can reveal. This comes a week after […]

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356 views
FEATURED
Mining Index Zimbabwe
- April 11, 2022
356 views 3 mins

IMPLATS CEO: ‘I’m happy that Zim is seen as risky by competitors; it allows us to continue expanding our interests’

ZIMBABWE hosts Impala Platinum’s (Implats’) best operating division in the form of subsidiaries Zimplats and Mimosa Platinum and having the country seen as “risky” by other mining companies actually helps the group. That’s the view of Implats CEO Nico Muller who told delegates at the PGMs Industry Day investment conference held in Johannesburg that Implats […]

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

Zida approves US$557,8m new projects

THE Zimbabwe Investment and Development Agency (Zida) approved 126 new investment projects last year with a combined value of US$557,8 million. Zida acting chief executive Duduzile Shinya said since her organisation was formed, there has been significant improvement in FDI flowing into the country, largely driven by the “Zimbabwe is open for business approach”. “There […]

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241 views
FEATURED
Mining Index Zimbabwe
- April 8, 2022
241 views 28 secs

Zim mines see R145bn funding shortfall over the next five years

Zimbabwe’s mining industry sees a funding shortfall of $10 billion (~R145 billion) over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines, development has been stymied by political instability, economic collapse and rules that […]

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