297 views
FEATURED
Mining Index Zimbabwe
- February 3, 2022
297 views 2 mins

Implats reports Platinum Group Metals production, basic earnings down in H2 2021

IMPALA Platinum (JSE: IMP, Implats), a leading producer of platinum group metals, announced today that its gross concentrate volumes in H2 2021 decreased by 4% to 1.62 million 6E ounces from 1.68 million 6E ounces in H2 2020. The company’s production from managed operations declined by 4% to 1.16 million 6E ounces (H2 2020: 1.21 […]

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923 views
FEATURED
Mining Index Zimbabwe
- February 3, 2022
923 views 3 mins

Mutoko villagers fear being evicted to make way for Chinese mining company

Villagers in Mutoko, Zimbabwe say a Chinese mining company has told them they will have to leave their homes to make way for a granite quarry. The company denies plans to forcibly move the villagers, but a lack of transparency has many fearing they will be pushed out of their ancestral land. Some villagers in […]

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90 views
FEATURED
Mining Index Zimbabwe
- February 2, 2022
90 views 5 mins

Abuse running rife in Rio ranks – report

An external review of diversified miner Rio Tinto’s workplace culture has found incidents of bullying, sexual harassment, racism and other forms of discrimination throughout the company. The review, commissioned as part of Rio’s commitment to ensure sustained cultural change across its global operations, was carried out by former Australian Sex Discrimination Commissioner Elizabeth Broderick. The […]

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201 views
FEATURED
Mining Index Zimbabwe
- February 2, 2022
201 views 2 mins

Vast backs out of Ghaghoo acquisition

Vast Resources has pulled out of a deal to acquire Gem Diamonds Botswana (GDB) with joint venture (JV) partner Botswana Diamonds. GDB’s primary asset is the fully permitted Ghaghoo diamond mine in central Botswana, which is currently under care and maintenance. In August last year, it was announced that Okwa Diamonds – a JV between […]

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451 views
FEATURED
Mining Index Zimbabwe
- February 2, 2022
451 views 6 mins

Global coal prices surge as Ukraine tensions worsen supply woes

Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by over a third this month to […]

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124 views
FEATURED
Mining Index Zimbabwe
- February 2, 2022
124 views 5 mins

Miners play a waiting game on VFEX listing

Most local miners will not rush to list on the foreign currency denominated Victoria Falls Stock Exchange (VFEX) as the resources firms are waiting to see the impact of the promised incentives, the Chamber of Mines of Zimbabwe (CoMZ) said. Government introduced several incentives to lure investors on the VFEX, including slashing withdrawal tax on […]

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303 views
FEATURED
Mining Index Zimbabwe
- February 1, 2022
303 views 3 mins

Chinese quarry miner faces litigation over illegal Dangamvura activities

CHINESE company, Freestone Mines, is facing litigation for embarking on quarry mining activities in the Dangamvura Mountain before obtaining the Environmental Impact Assessment (EIA). According to section 97 of the Environmental Management Act, mining companies are obligated to undertake an EIA procedure and apply for an EIA certificate to the Environmental Management Agency (EMA). Under […]

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157 views
FEATURED
Mining Index Zimbabwe
- January 31, 2022
157 views 3 mins

Alrosa raises prices amid supply shortages

Alrosa increased rough prices by around 10% at its January trading session as supply gaps widened, customers of the Russian miner told Rapaport News. “The industry, especially manufacturers, made a very decent profit in 2021, so they are in a good mood to continue the same volume of business in 2022,” a dealer said Thursday […]

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482 views
FEATURED
Mining Index Zimbabwe
- January 31, 2022
482 views 2 mins

Three massive amethyst clusters recovered from historic Bolivian mine

Three massive amethyst clusters, the largest to be unearthed in 20 years, have been recovered from the historic Anahí mine, located in eastern Bolivia near the border with Brazil and famous for hosting large amounts of amethyst, citrine, and amethyst-citrine. Anahí, whose name alludes to an Indigenous princess, is said to have been discovered in […]

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1721 views
FEATURED
Mining Index Zimbabwe
- January 31, 2022
1721 views 7 mins

Lebanese diamond dealer blacklisted

GOVERNMENT has blacklisted prominent diamond dealer, Jamal Ahmed, from participating in the Minerals Marketing Corporation Of Zimbabwe (MMCZ) diamond auction as authorities sweat to bust a diamond-buying syndicate influencing prices on the auction. This comes after the country’s diamond sector was rocked by a scandal involving officials from the Zimbabwe Consolidated Diamond Company (ZCDC) and […]

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