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FEATURED
Mining Index Zimbabwe
- February 9, 2022
270 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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450 views
FEATURED
Mining Index Zimbabwe
- February 9, 2022
450 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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178 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
178 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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323 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
323 views 6 mins

Diamonds industry rebounding strongly after disruptive two years

Consultancy Bain & Company and the Antwerp World Diamond Centre (AWDC) report that the diamond industry is experiencing a “spectacular” rebound after a decline in 2020 as a result of the Covid-19 pandemic, when diamond jewellery sales fell by 14% and rough diamond sales by 31%. The eleventh yearly ‘Global Diamond Report 2021-2022’ – compiled […]

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194 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
194 views 3 mins

Power shortages cripple miners

THE country’s largest ferrochrome producer, Zimasco is battling increased power outages which have seen the firm resorting to expensive sources of power. Zimbabwe has long been stuck in a biting power crisis that has forced the power utility, Zesa, to import power from Mozambique. Many businesses including miners have resorted to alternative power sources, such […]

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471 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
471 views 7 mins

SA businessman petitions Zondo over Shabanie Mine

SOUTH African businessman, Cleopas Sanangura has petitioned courts seeking reprieve over adverse rulings made against Shabanie Mashaba Mines in the South African legal jurisdiction. The adverse rulings against Shabanie Mashaba Mines were on cases brought by the government of Zimbabwe to South Africa seeking to claim money allegedly siphoned out of the country. Sanangura claims […]

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347 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
347 views 7 mins

US and Japan reach agreement to remove Trump-era steel tariffs

The U.S. and Japan reached a truce that will allow most steel shipments from the Asian nation to enter tariff-free for the first time since 2018 and sees the countries working together to combat Chinese trade practices that harm the industry. Washington will suspend the 25% levy on incoming steel imports from Japan up to […]

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259 views
FEATURED
Mining Index Zimbabwe
- February 8, 2022
259 views 5 mins

Decriminalise gold possession, govt urged

ZIMBABWE must institute a raft of measures that include decriminalising gold possession, easing licensing and securing modern technology to boost output, gold sector experts have said. Last year, gold output was 29,6 tonnes with large gold producers delivering 11,1 tonnes while small-scale producers contributed 18,4 tonnes, according to the Reserve Bank of Zimbabwe. Gold is […]

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138 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
138 views 5 mins

Rough shortages could last 10 years

The current shortfall in rough production will likely continue for up to a decade, while both demand and prices will remain strong, according to Bain & Company. Output fell 20% to 111 million carats in 2020 as the coronavirus pandemic forced companies to shut deposits, Bain said Monday in “The Global Diamond Industry 2021-22,” the […]

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254 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
254 views 2 mins

Operating coal-fired power plants more expensive than switching to renewables – research

Generating electricity from solar power is cheaper than doing so through coal-fired power plants, a new article published in the journal Energy and Environmental Materials states. According to Ravi Silva, Director of the Advanced Technology Institute at the University of Surrey and author of the paper, solar energy typically has a cost comparative with or […]

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