310 views
FEATURED
Mining Index Zimbabwe
- March 28, 2022
310 views 3 mins

Foreign exchange losses weigh on Zimplats’ interim financial performance

Impala Platinum Group company Zimplats has posted a 32% year-on-year decrease in net profit to $170.68-million for the six months ended December 31, 2021, compared with a net profit of $250.61-million for the six months ended December 31, 2020. The results were impacted by net foreign currency exchange losses of $21.8-million arising mainly on Zimbabwean […]

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635 views
FEATURED
Mining Index Zimbabwe
- March 28, 2022
635 views 9 mins

Marange diamonds: Wealth for a few, despair for many

TREVOR Kusena (19) struggles to walk from his cottage to the veranda at his family home in Betera, a village in Marange in Manicaland province. As soon as he sits down, a dog from the neighbouring house starts barking. Kusena recoils as the sound immediately brings back traumatic memories of his ordeal this January when […]

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216 views
FEATURED
Mining Index Zimbabwe
- March 24, 2022
216 views 3 mins

Solar power plant targets 30MW by 2024

SOLGAS Energy, the firm that commissioned a five-megawatt (MW) solar power plant in Hwange last week, said it was targeting to produce 30MW in the next two years. In a statement, the firm said it intended to add another 25MW by 2024, capitalising on power shortages confronting the country. Zimbabwe is in the grip of […]

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756 views
FEATURED
Mining Index Zimbabwe
- March 24, 2022
756 views 3 mins

Caledonia earmarks VFEX windfall for new gold mine

CALEDONIA Mining Corporation says it plans to channel proceeds from its Victoria Falls Stock Exchange (VFEX) listing towards the purchase of Maligreen, a gold asset located in the Midlands province. The Maligreen, which was announced in September 2021, was an important step in the Jersey-headquartered giant’s ambition to transform into a multi-asset operation in Zimbabwe, […]

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162 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
162 views 3 mins

Zimbabwe’s diamond miner ZCDC resumes sales, reports record 2021 output

Zimbabwe’s biggest diamond miner says it will resume its monthly auction April, ending an eight-month hiatus caused by COVID-19, after a record year of production in 2021. The Zimbabwe Consolidated Diamond Company (ZCDC) beat its production targets for 2021, hitting fresh records and recording its first ever profit. “We have sizeable parcels for sale and […]

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228 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
228 views 3 mins

UK energy firm acquires 100MW Vic Falls solar project, expects the first 5MW by April

Kibo Energy plc, a UK renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million. The first 25MW of the project is fully funded and under construction, with the first 5MW expected to be in production by end of April 2022. The 25MW is to […]

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225 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
225 views 3 mins

Global lithium-ion battery capacity to rise five-fold by 2030

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in 2021. By the end of decade, the region is expected to reduce its share to 69%. While North America’s […]

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429 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
429 views 4 mins

Volkswagen unveils Asian ventures to secure nickel, cobalt

Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the world’s No. 1 car market, and to slash costs at a time of surging raw material prices. The move is part of a 30 billion euro ($33 billion) push by the world’s […]

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208 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
208 views 4 secs

Zambia’s 2021 copper production falls by 4.5% – statistics agency

Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation’s statistics agency showed on Tuesday. Zambia’s cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. The Zambia Chamber of Mines […]

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190 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
190 views 2 mins

Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond […]

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