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FEATURED
Mining Index Zimbabwe
- January 26, 2022
244 views 4 mins

Mining sector requires over US$5bn

Zimbabwe’s mining companies need over US$5bn to recapitalise their operation in 2022 to ramp up production and reach optimum levels, the Chamber of Mines of Zimbabwe has said. It is expected that when fully capitalised, Zimbabwe will reach the US$12bn mining industry target by next year. Zimbabwe has over 60 recognised mineral occurrences, which when […]

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FEATURED
Mining Index Zimbabwe
- January 26, 2022
204 views 2 mins

Gold exports near US$2bn

Zimbabwe’s gold exports rose 42% last year raking in US$1.7bn compared to US$1.2bn earned in the previous year on the back of increased output and firming prices, the central bank has said. “The country’s gold export receipts have gone up 42% to US$1.7bn during 2021 from US$1.2bn earned during 2020 due to improved gold output […]

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Mining Index Zimbabwe
- January 25, 2022
302 views 2 mins

Rio Tinto CEO concerned about Serbian PM’s comments on lithium project

Rio Tinto’s chief executive said on Tuesday he was concerned about the Serbian prime minister’s comments against the company’s lithium project, in his first remarks after Belgrade revoked the global mining company’s exploration licences. Bowing to environmentalists, Serbian Prime Minister Ana Brnabic pulled the plug on Rio’s lithium project last week and accused Rio of […]

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Mining Index Zimbabwe
- January 25, 2022
169 views 50 secs

Indonesia starts construction of $2.3bn coal gasification plant

Indonesian President Joko Widodo launched construction of a $2.3-billion coal gasification plant on Monday, in a bid to slash the country’s liquefied petroleum gas (LPG) imports while optimising its coal resources. The plant is designed to utilise 6-million tonnes of low rank coal to produce 1.4 t of dimethyl ether (DME) annually, which can reduce […]

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Mining Index Zimbabwe
- January 25, 2022
172 views 2 mins

Invictus makes fresh headway in data protection phase

INVICTUS Energy, the Australian firm that is exploring for oil and gas in north-eastern Zimbabwe, says it has made significant headway in the data processing phase of the project. The firm said it was expecting final data next month from Canadian firm, Earth Signal Processing (ESP), whose results would be crucial in determining the next […]

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Mining Index Zimbabwe
- January 24, 2022
106 views 4 mins

Zim makes giant strides in mining

Zimbabwe is forecast to have raked in US$6 billion in mineral exports last year, which is a significant milestone in current plans to grow the sector’s contribution to the economy to US$12 billion by 2023, the Government has said. The sector accounts for more than 60 percent in foreign currency receipts annually and 13 percent […]

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559 views
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Mining Index Zimbabwe
- January 24, 2022
559 views 4 mins

Hwange coke project to become biggest in Africa

COAL company, Dinson Colliery in Hwange has embarked on a massive expansion drive that will see it producing more that 200 000 tonnes of coke, becoming the biggest coke producer in Africa. The company located in Hwange District has since established a 26 oven coke battery producing 150 000 tonnes per annum under its three […]

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Mining Index Zimbabwe
- January 24, 2022
258 views 4 mins

Serbia revokes Rio Tinto lithium mine permits following protests

Serbia has withdrawn the exploration licences of Anglo-Australian mining company Rio Tinto following weeks of protests over plans for a lithium mine. “All permits were annulled… we put an end to Rio Tinto in Serbia,” Prime Minister Ana Brnabic said on Thursday. The decision comes just weeks ahead of Serbia’s general election in April. Relations […]

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FEATURED
Mining Index Zimbabwe
- January 24, 2022
184 views 44 secs

Angola picks Trans Atlantic to oversee tenders

Angola’s national diamond-trading company has appointed Dubai-based Trans Atlantic Gem Sales (TAGS) to manage its tenders as the African country continues to reform its mining industry. Sodiam has also chosen First Element to carry out diamond boiling, it said last week. Several bidders took part in a selection process that began in May 2021. While […]

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FEATURED
Mining Index Zimbabwe
- January 24, 2022
162 views 2 mins

De Beers brand guru Stephen Lussier to step down

Stephen Lussier, one of De Beers’ most recognizable and influential figures, will stand down from his role after almost four decades at the company. The miner has recruited Tiffany & Co. executive Marc Jacheet to succeed him. Lussier will leave his position as De Beers’ executive vice president for brands and consumer markets on April […]

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