204 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
204 views 2 mins

South Africa’s 2021 mine output up 11.2% y/y despite December decrease

South Africa’s mining production decreased by 1.1% year-on-year in December, Statistics South Africa’s data shows. The largest negative contributors were gold (-15.3% and contributing -2.4 percentage points); coal (-8.1% and contributing -1.9 percentage points); manganese ore (-10.8% and contributing -1.1 percentage points); and iron-ore (-7.4% and contributing -1.0 percentage point). Platinum group metals, or PGMs […]

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184 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
184 views 9 mins

CSOs, Mutare Mayor Caught with Pants Down Over Contentious Chinese Miner Deal

MUTARE Mayor Blessing Tandi colluded with a Chinese company, Freestone Mines, and three local civic groups earlier this week to hold choreographed consultative meetings seeking to validate the establishment of a highly controversial quarry mine in the densely populated Dangamvura suburb. The first of these ‘residents consultative meetings’ was held Monday, February 8, in Sakubva. […]

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190 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
190 views 2 mins

BNC board confident after VFEX move

BINDURA Nickel Corporation (BNC) says it expects its migration to the Victoria Falls Stock Exchange (VFEX) to begin benefiting the firm in the long term. Under a strategy spelt out by chairperson, Muchadeyi Masunda in December, the firm delisted from the Zimbabwe Stock Exchange (ZSE) to trade its stock on the foreign currency-denominated VFEX, a […]

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182 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
182 views 49 secs

Rough shortfalls restrict Alrosa revenue

Alrosa saw stunted sales in January as supply limitations prevented the Russian miner from meeting buoyant rough demand. Diamond revenues fell 24% year on year to $325 million for the month, the company reported Thursday. Rough sales dropped 25% to $315 million, while polished grew 11% to $10 million. The total was higher than December […]

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327 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
327 views 3 mins

Global copper stocks down to three days’ consumption

After a 26% rise in 2021, copper prices have struggled for direction this year.  On Wednesday, March futures made another attempt to find a new trading band, rising to $4.58 a pound ($10,095 a tonne), a level the bellwether metal has bounced off twice before this year. New York copper shot up to an intra-day […]

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300 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
300 views 3 mins

Zanu PF threatens to seize lucrative gold mine

ZANU PF secretary for finance and former long-serving cabinet minister Patrick Chinamasa says the ruling party will take over operations at the highly contested, gold-rich Redwing Mine in Penhalonga claiming it is being mismanaged. Chinamasa said this while launching Zanu PF’s by-election campaign for Mutasa South constituency on Sunday. He said the mine would be […]

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159 views
FEATURED
Mining Index Zimbabwe
- February 9, 2022
159 views 2 mins

Chinese miner engages Mutare residents over quarry project

CHINESE company, Freestones Mines yesterday started engagements with Mutare residents, who have been resisting its quarry mining project in the eastern border town. Residents were opposed to the project after it emerged that the Mutare City Council had leased a 6,5 hectare stand situated on Dangamvura Mountain to Freestones Mines. The residents had threatened litigation […]

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243 views
FEATURED
Mining Index Zimbabwe
- February 9, 2022
243 views 2 mins

Spanish firm fined $6m for Ghana truck blast en route to Chirano mine

he Spanish company in charge of a truck that exploded and killed 13 people last month en route to an internationally-run gold mine in Ghana violated storage and transport laws and has been fined $6-million, the lands ministry said on Tuesday. The truck was transporting explosives owned by Madrid-based Maxam to the Chirano gold mine, […]

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419 views
FEATURED
Mining Index Zimbabwe
- February 9, 2022
419 views 5 mins

SMM saga sucks in Ramaphosa

SOUTH African President Cyril Ramaphosa has been dragged into the on-going fight between government and the Friends of SMM Holdings (Pvt) Ltd (FOSMM) over the hostile takeover of the asbestos mine in 2005. Government placed SMM Holdings under judicial management through the Reconstruction of State-Indebted Insolvent Companies Act in 2005. The Reconstruction of State-Indebted Insolvent […]

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163 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
163 views 6 mins

‘Forged’ papers emerge in gold mine deadlock

BLACKGATE Investment, the firm that is battling to win back gold claims controversially taken over by rivals, G&P Industries and Ran Mines in 2013, has pressed criminal charges against G&P directors, claiming the change was done through forged documents. In papers lodged with the police last week, Blackgate, which says it has lost US$500 million […]

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