231 views
FEATURED
Mining Index Zimbabwe
- February 28, 2022
231 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 […]

3233 POSTS
...
264 views
FEATURED
Mining Index Zimbabwe
- February 28, 2022
264 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 […]

3233 POSTS
...
222 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
222 views 7 mins

Kuvimba bags Zisco, but the miner’s big prize may lie beneath

Kuvimba Mining House’s deal with government to take over Ziscosteel gives it the almost impossible task of refiring a steel mill that has been silent for two decades. But the company, which has tried to shake off links to businessman Kuda Tagwirei, took the deal knowing that it is getting some of the richest iron […]

3233 POSTS
...
339 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
339 views 21 secs

Israel Bourse opens Dubai office

The Israel Diamond Exchange (IDE) has opened an office in Dubai’s Almas Towers to facilitate business for Israeli diamond companies operating in the country. The IDE debuted its new location following the Dubai Diamond Conference. It will be located at the Dubai Diamond Exchange (DDE), inside the Dubai Multi Commodities Centre (DMCC), the DMCC said […]

3233 POSTS
...
131 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
131 views 4 mins

De Beers raises prices of smaller diamonds

De Beers lifted prices of smaller rough at this week’s sight, its second consecutive increase, as the industry continued to express concerns about a perceived mismatch with polished. Goods weighing less than 0.75 carats saw price hikes of around 5% at the February sale, while larger items were mostly stable, sightholders and industry insiders told […]

3233 POSTS
...
653 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
653 views 9 mins

The Ziscosteel meltdown: From glory to ruin

Cabinet announced that Kuvimba Mining House is to take over Ziscosteel, the country’s collapsed steel maker. This is only the latest in a long series of attempts by the government to revive the company. This timeline traces the fortunes of the company from its formation, its glory years, Zisco’s collapse under mismanagement and corruption, plus […]

3233 POSTS
...
119 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
119 views 6 mins

IEA’s Global Methane Tracker shows emissions are on the rise again

The International Energy Agency’s (IEA’s) Global Methane Tracker, released on February 23, shows that emissions from oil, gas and coal are on the rise again, underscoring the need for greater transparency, stronger policies and immediate action. The new IEA analysis states that global methane emissions from the energy sector are about 70% greater than the […]

3233 POSTS
...
319 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
319 views 5 mins

Miners’ royalties headache

Zimbabwe’s mining industry wants to wholly pay royalties, taxes and other levies in local currency to improve the viability of the sector amid revelations they are struggling to find takers for the local currency. Currently, the miners are paying half of their royalties in Zimbabwe dollars, a situation which has sparked a major headache for […]

3233 POSTS
...
135 views
FEATURED
Mining Index Zimbabwe
- February 24, 2022
135 views 3 mins

Zim earns US$30m from Arcadia deal

ZIMBABWE is set to reap about US$30 million as capital gains tax from the sale of Arcadia lithium project by Prospect Resources to a Chinese resources outfit, Zhejiang Huayou Cobalt Co (Huayou). On December 23, 2021, Prospect announced it had executed a binding agreement with Huayou for the sale of its 87% interest in the […]

3233 POSTS
...
236 views
FEATURED
Mining Index Zimbabwe
- February 23, 2022
236 views 6 mins

Rio Tinto posts bumper year

Diversified giant Rio Tinto has reported record results for the 2021 financial year, with a 116% surge in aftertax profit. “Our people have continued to safely run our world-class assets and are working hard to improve our operational performance, despite challenging operating conditions from prolonged Covid-19 disruptions,” CEO Jakob Stausholm said on Wednesday. “The recovery […]

3233 POSTS
...