290 views
FEATURED
Mining Index Zimbabwe
- January 24, 2022
290 views 5 mins

The contrasting fortunes of RioZim and Caledonia

Gold producer RioZim could join the Victoria Falls Stock Exchange (VFEX), where miners are attracted by tax breaks offered for listing on the USD-denominated market. A VFEX listing could ease part of RioZim’s problems, but not all of them. RioZim is “seriously considering all options available to it under the legal framework of the country […]

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292 views
FEATURED
Mining Index Zimbabwe
- January 21, 2022
292 views 4 mins

A VFEX listing could help ease RioZim’s worries

Gold producer RioZim could join the Victoria Falls Stock Exchange (VFEX), where miners are attracted by tax breaks offered for listing on the USD-denominated market. But a VFEX listing could ease part of RioZim’s problems, but not all of them. RioZim is “seriously considering all options available to it under the legal framework of the […]

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249 views
FEATURED
Mining Index Zimbabwe
- January 21, 2022
249 views 2 mins

CSOs red-flag Chinese projects

CIVIL society groups have expressed concern over Chinese business operations, saying they were causing unnecessary displacements and damaging the country’s ecologically sensitive sites. In a statement yesterday, the groups under the Centre for Natural Resources Governance banner, said: “We seek to register our deep concern with the behaviour of Chinese business operations in Zimbabwe. Zimbabwe […]

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244 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
244 views 3 mins

German contractor commences probe into Hwange underground fires

A German firm contracted by the Hwange Colliery Company Limited (HCCL) to deal with underground coal fires in the coal-mining town is now on site and is expected to present a report of its findings in March, a cabinet minister has said. Speaking at a media briefing after his tour of one of the hotspots […]

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156 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
156 views 2 mins

India’s diamond trading jumps in December

India’s polished-diamond exports rose 3% year on year to $1.77 billion in December as the market continued to strengthen during the climax of the holiday season. Rough imports also surged, according to recent data from India’s Gem & Jewellery Export Promotion Council (GJEPC). The increase reflected restocking at manufacturers following the Diwali shutdown and the […]

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190 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
190 views 2 mins

Libya oil, gas exports hit 5-year high of $21.5bn

Libya’s lifeline oil and gas exports raised revenues of more than $21.5 billion in 2021, the highest level in five years, the National Oil Corporation announced on Saturday. Total net revenues for oil and gas exports last year amounted to $21.5 billion as well as 30 million euros in non-dollar sales, the state-run NOC said […]

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130 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
130 views 4 mins

Zimplats granted licence to set up solar plants

The Zimbabwean unit of Impala Platinum has been granted licences to generate its own power.  This is as companies are trying to cushion their operations from the country’s power supply woes. Zimbabwe does not generate enough power to meet demand and has often relied on imports from neighbouring South Africa and Mozambique. Zimplats, the Zimbabwean unit […]

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197 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
197 views 32 secs

ALROSA reports preliminary diamond sales results for 2021

ALROSA has reported that its sales of rough and polished diamonds in 2021 totalled $4.169 billion. This total is comprised of proceeds from rough diamond sales of $3.977 billion, and polished diamond sales of $192 million. December 2021 rough and polished diamond sales accounted for $254 million – including $241 million of rough diamond sales […]

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189 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
189 views 2 mins

India trade implores gvt to lower import duty

The Indian diamond industry has repeated its calls for a reduction in import taxes on polished, saying this would help the country compete with other global trading hubs. The Gem & Jewellery Export Promotion Council (GJEPC) has urged the Indian government to lower the duties to 2.5% from the current level of 7.5%, the trade […]

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308 views
FEATURED
Mining Index Zimbabwe
- January 20, 2022
308 views 2 mins

Petra revenue receives boost from special stones

Petra Diamonds’ revenue jumped in the first fiscal half as rough prices rose and the company sold a number of large and colored stones. Sales climbed 49% year on year to $264.7 million for the six months ending December 31, the company said Tuesday. The growth came even as sales volume fell to 1.6 million […]

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