129 views
FEATURED
Mining Index Zimbabwe
- February 14, 2022
129 views 6 mins

New Rio Tinto chairman to weigh CEO’s future amid toxic culture crisis – sources

The incoming chairperson of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead an overhaul of the company’s toxic work culture, two people familiar with the matter said. Dominic Barton, a former diplomat who takes up the role of chairman in May, could remove Stausholm if […]

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498 views
FEATURED
Mining Index Zimbabwe
- February 14, 2022
498 views 4 mins

China’s Sinomine joins queue of lithium buyers with US$180m deal for Bikita Minerals

Sinomine Resource Group is spending US$180 million to buy a controlling stake in Bikita Minerals, Zimbabwe’s oldest lithium producer, joining the race among big international firms to secure supplies of in-demand battery materials. Through its Hong Kong-listed unit, Sinomine is buying 100% of African Metals Management Services and Wilfried Pabst’s Southern African Metals and Minerals, […]

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383 views
FEATURED
Mining Index Zimbabwe
- February 14, 2022
383 views 10 mins

Murehwa quizzed over mine

THE Zimbabwe Republic Police last Friday quizzed high flying human resources executive and top businessman, Jack Murehwa over a “fraud and forgery” case involving the takeover of Bindura-based Ran Gold Mine, businessDigest can report. The police subsequently handed Murehwa to the court. Hours before his court appearance, Murehwa had turned in at Harare Central Police […]

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235 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
235 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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198 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
198 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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202 views
FEATURED
Mining Index Zimbabwe
- February 11, 2022
202 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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195 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
195 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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358 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
358 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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330 views
FEATURED
Mining Index Zimbabwe
- February 10, 2022
330 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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188 views
FEATURED
Mining Index Zimbabwe
- February 9, 2022
188 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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