263 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
263 views 51 secs

Zimbabwe makes U-turn on mining royalties to halt currency slide

Zimbabwe’s finance minister requested mining companies pay up to half of their royalties in local currency, as part of measures to stem a decline in the unit that has been fanning inflation. The order reverses a 2020 decision requiring mining companies to pay the tax only in foreign currency. A similar rule has been imposed […]

3268 POSTS
...
274 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
274 views 4 mins

Tempers flare over Redwing mine takeover bid

AT least 200 Redwing Mine workers in Penhalonga Thursday lodged a protest judicial management’s move to reinstate Betterbrands Mining Company (BMC) under unclear circumstances, NewZimbabwe.com can report. In an unprecedented move, workers opted for the return of Metallon Gold as they resisted efforts by the Interim Corporate Rescue Practitioner (ICRP)’s Knowledge Hofisi to reimpose opaque […]

3268 POSTS
...
168 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
168 views 3 mins

Electric vehicles drive up nickel, cobalt and lithium prices

Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year highs Phasing out internal combustion engine (ICE) cars in favour of electric vehicles is part of the energy transition and efforts to cut carbon emissions. More than 6.36-million electric vehicles were sold last […]

3268 POSTS
...
162 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
162 views 38 secs

Tharisa signs MoU for 40 MW solar plant

JSE-listed Tharisa has signed a comprehensive memorandum of understanding (MoU) with renewable energy independent power producer Total Eren and Africa-focused transitional energy company Chariot. The MoU, which is a precursor to the signing of a long-term power purchase agreement for the supply of electricity on a take-or-pay basis, envisages the partners developing, financing, building, owning, […]

3268 POSTS
...
444 views
FEATURED
Mining Index Zimbabwe
- February 7, 2022
444 views 2 mins

How Mine gold output jumps 59%

BULAWAYO Mining Company’s How Mine has increased gold output by 59% after a US$5 million capital injection and also gained Standards Association of Zimbabwe (SAZ) recognition. The mine obtained SAZ certification for successfully using internationally recognized management procedures. Speaking during the handover of the certificates, SAZ director-general Eve Gadzikwa said the company had been recognised […]

3268 POSTS
...
212 views
FEATURED
Mining Index Zimbabwe
- February 4, 2022
212 views 2 mins

South Africa urges Rio Tinto workers to report cases of discrimination

South Africa’s labour ministry on Thursday urged Rio Tinto workers to report instances of discrimination after the Anglo-Australian miner released an internal report detailing sexual assault, racism, and bullying across its mines. The report, which sparked calls from investors for the entire industry to clean up its act, found that male and female Rio Tinto […]

3268 POSTS
...
539 views
FEATURED
Mining Index Zimbabwe
- February 4, 2022
539 views 56 secs

Heavy rains disrupt coal mining, power output

HEAVY rains in Zimbabwe’s main coal-producing region are hampering the country’s efforts to address electricity needs. The operations manager of Zambezi Gas and Coal, Menard Makota, told the state-owned newspaper, The Herald, that mining operations had been adversely affected by persistent heavy rains in and around the Hwange region leading to a decline in production. […]

3268 POSTS
...
319 views
FEATURED
Mining Index Zimbabwe
- February 4, 2022
319 views 2 mins

Hwange to evict 200 ex-workers

HWANGE Colliery Company (HCC) has won a civil court order to evict about 200 ex-workers who had refused to vacate the properties citing outstanding terminal benefits. The company has given them until month-end to move out and pave way for new occupants. But the workers said the move was inhumane given that it was being […]

3268 POSTS
...
203 views
FEATURED
Mining Index Zimbabwe
- February 3, 2022
203 views 3 mins

Mexico says lithium is too strategic for private investors

Mexico’s President Andres Manuel Lopez Obrador is ratcheting up nationalistic rhetoric around the country’s untapped lithium deposits, signaling private capital isn’t welcome in the industry. Unlike silver and gold, lithium is a strategic mineral like oil that belongs to the nation, AMLO, as the populist president is known, told reporters in Mexico City on Wednesday. […]

3268 POSTS
...
465 views
FEATURED
Mining Index Zimbabwe
- February 3, 2022
465 views 2 mins

Hwange Units 7 and 8 to displace 636 families

THE Zimbabwe Power Company Hwange 7 and 8 electricity expansion project will affect 636 families in Ingangula township in Hwange, instead of the 90 stated earlier. Project manager Forbes Chanakira yesterday said 636 families will have to be relocated as the project has encroached onto their area. “A total of 636 housing units will be […]

3268 POSTS
...