266 views
FEATURED
Mining Index Zimbabwe
- March 11, 2022
266 views 5 mins

Messy fight over gold mine

A fight has erupted in the gold rich Mazowe area — 40km north of Harare where a group of farmers are reportedly disrupting operations at a mine. A long running attempt to have the alleged intruders at Zawadi Mining removed have drawn blanks as the provincial leadership in government and police are accused of failing […]

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231 views
FEATURED
Mining Index Zimbabwe
- March 11, 2022
231 views 10 mins

Fidelity disposal deal hangs in the balance

GOVERNMENT’S plans to dispose of its controlling stake in the country’s sole gold buyer Fidelity Printers and Refiners (FPR) is under scrutiny by some gold producing firms shortlisted for the US$49 million transaction, the Zimbabwe Independent can reveal. The gold buyer was offered to seven private entities that include Kuvimba Mining House. Major gold producers […]

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206 views
FEATURED
Mining Index Zimbabwe
- March 9, 2022
206 views 3 mins

Politicians frustrate crucial mining reforms

A LEADING resources campaigner has claimed that Zimbabwe’s elite are reluctant to push through amendments to the Mines Act, a 60-year-old legislation that has outlived its usefulness. The Zimbabwe Coalition for Debt and Development (Zimcodd) added its voice to discontentment over delays in passing the 2015 Mines and Minerals Amendment Bill, saying politicians were benefiting […]

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169 views
FEATURED
Mining Index Zimbabwe
- March 7, 2022
169 views 2 mins

China to boost coal output, reserves to ensure power supply

China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state economic planner said on Saturday. The National Development and Reform Commission (NDRC) also said in a statement during the annual parliament gathering that it will […]

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90 views
FEATURED
Mining Index Zimbabwe
- March 7, 2022
90 views 57 secs

Europe returns to South Africa for coal after Russia sanctions

Europe’s surging demand for coal is reviving an infrequent trade lane for shipments from South African mines. The fossil fuel typically heads east from Richards Bay Coal Terminal, the continent’s biggest export hub. Of the 59-million tons of coal shipped from the South African port last year, only 4% went to Europe and more than […]

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165 views
FEATURED
Mining Index Zimbabwe
- March 7, 2022
165 views 2 mins

Copper soars to record as metals surge on Russia supply fears

Metals are breaking new records with copper spiking to an all-time high and nickel surging more than 16%, as soaring energy prices and fears of supply shocks rattled commodities markets amid war in Ukraine. The White House said it’s talking to allies about a possible oil embargo on Russia, triggering a spike in oil prices […]

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179 views
FEATURED
Mining Index Zimbabwe
- March 7, 2022
179 views 2 mins

Gold rises above $2 000 as Ukraine war boosts haven demand

Gold prices on Monday scaled the $2 000-level for the first time in a year-and-a-half, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high. Spot gold was up 0.9% at $1 986.83 per ounce, as of 03:30 […]

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173 views
FEATURED
Mining Index Zimbabwe
- February 28, 2022
173 views 3 mins

US places sanctions on Russian miner Alrosa

The US has imposed sanctions on Alrosa and its CEO, Sergey S. Ivanov, in response to Russia’s invasion of Ukraine. The diamond miner is one of 11 entities the Department of the Treasury has identified as being owned by or connected to the Russian government, according to a Thursday statement. The measures restrict American companies’ […]

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207 views
FEATURED
Mining Index Zimbabwe
- February 28, 2022
207 views 2 mins

Congo seals deal with Israeli billionaire to recover assets

Acompany controlled by sanctioned Israeli billionaire Dan Gertler will return mining and oil assets to the Democratic Republic of Congo, the government said. The deal “puts an end to the legal disputes” between Congo’s government and Gertler’s Ventora Group, the presidency said on its Twitter page Friday after Justice Minister Rose Mutombo and the businessman […]

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213 views
FEATURED
Mining Index Zimbabwe
- February 28, 2022
213 views 2 mins

2 Mines ministry workers appear in court

TWO Mines and Mining Development ministry workers have appeared at the Marondera Magistrates Court facing a charge of criminal abuse of office after they allegedly approved issuance of granite mining certificates to companies in Uzumba, Maramba, Pfungwe and Mutoko. Tizah Mandawa and Zvinodaishe Mubariri, who are employed as survey and geological technicians, respectively, at the […]

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