208 views
FEATURED
Mining Index Zimbabwe
- January 6, 2022
208 views 2 mins

Chinese firm quits US$7.5m Zimbabwe explosives contract

Chinese explosives company Hunan Nanling Industrial Explosive Materials has cancelled its contract in Zimbabwe over what it says is a ‘turbulent domestic situation’ in the economy. The Chinese government has a significant stake in Hunan Nanling, which is listed on the Shenzhen Stock Exchange and has assets of US$4 billion. Hunan announced plans in 2016 […]

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112 views
FEATURED
Mining Index Zimbabwe
- January 6, 2022
112 views 28 secs

Zera defers fuel price adjustment

THE Zimbabwe Energy Regulatory Authority (Zera) yesterday advised fuel operators to continue using the December 2021 fuel prices as it monitors developments on the international market and awaits finalisation of consultations currently taking place with the government. According to Statutory Instrument 270 of 2019 Petroleum Products Pricing Regulations, Zera is supposed to review fuel prices […]

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253 views
FEATURED
Mining Index Zimbabwe
- January 4, 2022
253 views 49 secs

Diamond market booms in Israel

The Israeli diamond industry showed an impressive recovery in 2021 and even surpassed figures for 2019, with net polished diamond exports having reached $3.65-billion. This was a 54% increase compared with 2020 and a 7.5% increase compared with 2019. The Israel Diamond Controller of the Ministry of Economy and Industry reports that net polished diamond […]

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1076 views
FEATURED
Mining Index Zimbabwe
- January 4, 2022
1076 views 6 mins

5 lithium projects in Zimbabwe you need to know about

Prospect Resources’ US$422 million deal with China’s Huayou has raised interest in Zimbabwe’s lithium assets. The deal will see Huayou, one of the world leaders in the manufacture of batteries, taking over Prospect’s Arcadia project. So, what other lithium projects do we have in Zimbabwe? Here are five lithium projects, at various stages of development, […]

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127 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
127 views 51 secs

Miners reveal dates of 2022 rough sales

De Beers, Alrosa and Rio Tinto have released their schedules for this year’s contract sales, at which the miners offer the majority of their rough supply. De Beers will stick with its format of 10 sights per year, while the calendar that Alrosa published features 11 contract sales. Rio Tinto will have 10 regular contract […]

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198 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
198 views 3 mins

Over 2 000 mine workers lost jobs in 2021: Union

THE mining sector has been hit hard by the COVID-19 pandemic, which resulted in 2 000 workers being laid off in 2021, Zimbabwe Diamonds and Allied Mines Workers Union (ZDAMWU) secretary-general Justice Chinhema has said. ‘‘This is a very critical time for the working class as we are battling serious challenges afflicting our economy including […]

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80 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
80 views 2 mins

Fidelity Printers engages Zimra on taxes

The country’s sole buyer and exporter of gold, Fidelity Printers and Refiners (FPR) says it will “soon” engage the Zimbabwe Revenue Authority (Zimra) over taxes charged on miners in a bid to attract small scale miners to sell on the formal market. Zimbabwe’s mining sector has high tax burden which discourages small scale miners to […]

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312 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
312 views 6 mins

Use it or lose it, a fatal policy flaw

Recent media reports of farm evictions and land ownership wrangles have alerted us once again to unresolved issues post-land reform. The crux of the matter is security of tenure. Security of tenure must play an important role in agricultural renewal. However, what constitutes “secure” tenure is contested. This is expected, not least because of differences […]

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109 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
109 views 4 mins

Invictus seeks fresh funding for Zim ops

INVICTUS Energy has said it has opened fresh talks to beef up its war chest ahead of the planned drilling of its first test well at the Cahora Bassa operation in Zimbabwe. The announcement came through as the Australia Stock Exchange (ASX)-listed oil explorer requested the bourse’s permission to halt trading in its stock until […]

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149 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
149 views 4 mins

‘Renewable energy capacity to jump 60%’

The growth of renewable energy capacity is forecast to accelerate in the next five years, accounting for about 95% of the increase in global power capacity through 2026, the most recent stats released by the International Energy Agency (IEA) predict. A global perspective Named Renewables 2021, the report released this December by the IEA is […]

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