375 views
FEATURED
Mining Index Zimbabwe
- January 3, 2022
375 views 10 mins

Behind the Arcadia mine deal

HUAYOU, one of the world’s biggest companies in the battery metals business, last week announced a deal to buy Prospect Resources, which is developing a lithium mine in Zimbabwe. The deal will see the Chinese giant paying US$422 million for Prospect shares. Huayou is the world’s biggest producer of cobalt, a metal used in EV […]

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243 views
FEATURED
Mining Index Zimbabwe
- December 22, 2021
243 views 29 mins

China plunders Zim’s mineral wealth

By Lucy Tandi HARARE (Mining Index) – CHINA has in the past decade emerged as a key external investor in Zimbabwe’s mining sector. Under the Second Republic, Zimbabwe has embarked on a policy drive to attract Foreign Direct Investment (FDI) to power its economic recovery, stabilization, and growth with a view to becoming a Middle-Income […]

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98 views
FEATURED
Mining Index Zimbabwe
- December 22, 2021
98 views 4 mins

Global coal use to hit record high despite climate fight

Global coal-fired power generation is expected to rise 9% and hit an all-time high by the end of 2021, despite efforts to slash carbon emissions, the International Energy Agency said Friday. Overall coal demand — including its use in steelmaking, cement and other industrial activities — is expected to grow by 6% in 2021 to 8.11 […]

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367 views
FEATURED
Mining Index Zimbabwe
- December 22, 2021
367 views 5 mins

Zim miners solicit US$ tax exemption

By Business Reporter MINERS’ representative body, the Chamber of Mines of Zimbabwe (CoMZ), has asked the government to charge taxes, royalties and for electricity bills among other statutory obligations in the Zimbabwean dollar (ZWL), saying paying in United States dollars (US$) is piling pressure on mining players’ operations. Economist Pardon Chitsuro told stakeholders attending the […]

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151 views
FEATURED
Mining Index Zimbabwe
- December 22, 2021
151 views 7 mins

Battery production in the DRC could be gamechanger

The Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emissions producer of lithium-ion battery cathode precursor materials. A study on a unified African supply chain, estimates it would cost $39million to build a 10,000 metric-ton cathode precursor plant in the DRC. This would be three […]

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218 views
FEATURED
Mining Index Zimbabwe
- December 22, 2021
218 views 2 mins

Dallaglio spends US$5 million in Eureka refurbishment, operationalization

By Lucy Tandi HARARE (Mining Index) – DALLAGLIO Investments says it has channelled US$5 million towards the refurbishment and operationalization of Eureka Gold Mine. The Eureka Mine commissioning was held on the 21st of October 2021, officially inaugurated by His Excellency, the President of the Republic of Zimbabwe, Dr Emmerson Dambudzo Mnangagwa. The reopening programme […]

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218 views
FEATURED
Mining Index Zimbabwe
- December 21, 2021
218 views 22 secs

Billionaire-backed African Rainbow buys mothballed platinum mine

African Rainbow Minerals, backed by South African billionaire Patrice Motsepe, agreed to buy Anglo American Platinum’s mothballed Bokoni platinum mine for R3.5-billion. The deal comes after the world’s biggest platinum miners declared record dividends this year as rebounding demand for their metals from automakers bolstered earnings. African Rainbow, which has investments spanning manganese to gold, […]

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198 views
FEATURED
Mining Index Zimbabwe
- December 21, 2021
198 views 2 mins

Zim’s opaque mining deals sideline women: Report

OPAQUE mining contracts entered into by the government and shadowy companies continue to marginalise young women who are crowded out of the lucrative sector. The anomaly is contained in a recent paper published by the Economic Justice Women Project (EJWP). The study titled; “The Nexus Between Illicit Financial Flows In The Extractives Sector In Zimbabwe […]

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179 views
FEATURED
Mining Index Zimbabwe
- December 21, 2021
179 views 5 secs

Artisanal miners charged with attempted murder

EIGHT Shamva illegal gold miners were charged with attempted murder after they allegedly assaulted a rival miner with an axe in a fight over gold claims. Llyod Musemwa, Tafadzwa Bandawa, Evidence Musemwa, Talent Bhobho, Khedha Madhoti, Fyrum Chatura, Low Zvemanyati and one Gora appeared before Bindura magistrate Samantha Dhlamini on Friday. They were not asked […]

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330 views
FEATURED
Mining Index Zimbabwe
- December 20, 2021
330 views 56 secs

Botswana and De Beers further extend sales agreement

Botswana and De Beers have extended their current sales contract by another year, the diamond miner said on Friday, citing logistical challenges presented by the Covid-19 pandemic. This is the second extension of the agreement for the sale of Debswana’s rough diamond production. The agreement was due to expire at the end of 2020, but […]

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