News

Tharisa, the South African miner run by the Pouroulis family, plans to start producing platinum in Zimbabwe within 24 months after acquiring a controlling interest in the Karo mine. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, development has been stymied by political instability, economic collapse and previous local-ownership rules. Impala Platinum, Anglo […]

THE Auditor-General’s (AG) office has red-flagged the ministry of Mines and Mining Development’s financial accounts citing a possible understatement of an amount disclosed as public financial assets. According to the AG’s 2020 report, the Mines and Mining Development ministry failed to produce an accurate return on public financial assets, which might indicate misuse of funds. […]

Zimbabwe’s mining industry is engaging the government over the volatile operating environment which has pushed most of the resources firms to the brink. The multibillion dollar industry, projected to grow by 8% this year, is the country’s largest foreign currency earner, accounting for more than 70% of forex earnings. “We are engaging the government on […]

Diamond production is expected to rise 19% this year to 5m carats from 4,2m achieved last year due to the opening up of the world economies following the slowing down of the Covid-19 pandemic. The improvement in production is also premised on the back of various expansion projects that diamond mining companies are undertaking. The […]

Diversified miner Glencore has published its inaugural Ethics and Compliance Report, with key findings including the group’s 5% reduction in total emissions in 2021 and payments to governments totalling $7.6-billion. The report states the company’s commitment to deliver value for its 135 000 employees and contractors, as well as other stakeholders, by operating transparently under […]