227 views
FEATURED
Mining Index Zimbabwe
- December 15, 2021
227 views 56 secs

Petra Diamond sells 886 236 ct in third tender cycle of its 2022 financial year

London-listed Petra Diamonds sold 885 236 ct of diamonds for $128.3-million during the third tender of the company’s financial year to June 30, 2022. This compares with the 752 920 ct sold for $98.1-million during the third tender of the 2021 financial year. On a like-for-like basis, rough diamond prices increased by about 16% on […]

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233 views
FEATURED
Mining Index Zimbabwe
- December 15, 2021
233 views 4 mins

BNC loads up after Swiss deal

BINDURA Nickel Corporation (BNC) pumped close to US$5 million in fresh capital during the half year ended September 30, 2021, giving the listed giant fresh impetus to ramp up output as boom times return in the aftermath of Covid-19 inspired hard lockdowns most of 2020. Across the world’s biggest markets, inventories had plummeted during the […]

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177 views
FEATURED
Mining Index Zimbabwe
- December 15, 2021
177 views 4 mins

Prospect seeks US$190m to boost production

AUSTRALIA–LISTED mining concern, Prospect Resources, would require pre-production funding of about US$192 million for it to achieve the range of outcomes in the direct optimised feasibility study (Direct OFS) for Arcadia project, NewsDay Business has learnt. Prospect owns 87% of the Arcadia Lithium Project. In a shareholder update yesterday, Prospect said it had completed its […]

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312 views
FEATURED
Mining Index Zimbabwe
- December 14, 2021
312 views 2 mins

China’s thermal coal futures jump 6% on illegal mining crackdown

China’s thermal coal futures contract surged 6% on Monday, fuelled by concerns over supply tightness following a series of government crackdowns on illegal mining in the country’s top coal producing region. The most-active Zhengzhou thermal coal futures contract for January delivery last traded at 727.2 yuan ($114.29) a tonne at the close at 07:00 GMT, […]

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387 views
FEATURED
Mining Index Zimbabwe
- December 14, 2021
387 views 8 mins

Are myths about menstruation pushing women out of mining industry?

PENHALONGA — Every morning, Dorcas Ganda wakes up at 6am and begins a three-kilometre hike up Chinyanjera Mountain where she and her husband own a piece of land where they mine for gold. Ganda actively worked in the mine alongside her husband beginning in 2015. But when her diabetes condition worsened in 2018, that heavy […]

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211 views
FEATURED
Mining Index Zimbabwe
- December 14, 2021
211 views 5 mins

‘Inconsistencies cripple mining policy’

THE Parliamentary Portfolio Committee on Mines and Mining Development has bemoaned lack of “consistency and predictability” in the application of policies on value-addition and beneficiation of minerals in the country. Zimbabwe, which is endowed with over 40 minerals, exports most of its mineral resources in raw form, resulting in the country losing billions of dollars, […]

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233 views
FEATURED
Mining Index Zimbabwe
- December 14, 2021
233 views 3 mins

Mvuma steel plant construction back on course as Zesa, Chinese firm reach agreement

THE Zimbabwe Electricity Supply Authority (Zesa) has completed the construction of a 27km temporary power line to supply electricity at the Mvuma Steel production company site, setting back in motion the establishment of what is to become Africa’s biggest steel-making firm, it has emerged. The temporary powerline will provide the required electricity at a time […]

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151 views
FEATURED
Mining Index Zimbabwe
- December 13, 2021
151 views 3 mins

USA Rare Earth to produce nearly half of critical minerals in USGS’ updated list

USA Rare Earth announced that it expects to produce nearly half of the critical minerals listed in the US Geological Survey’s revised list of raw materials deemed crucial for national security and the economy. In a press release, the Texas-based company said that together with partner Texas Mineral Resources, it is committed to developing the […]

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437 views
FEATURED
Mining Index Zimbabwe
- December 13, 2021
437 views 7 mins

Biden halts federal aid to coal, oil and gas projects overseas

he Biden administration has ordered an immediate halt to federal support for coal plants and other carbon-intensive projects overseas, a major policy shift designed to fight climate change and accelerate renewable energy worldwide. The wide-ranging directive bars for the first time any US government backing for such ventures, potentially affecting billions of dollars in annual […]

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303 views
FEATURED
Mining Index Zimbabwe
- December 13, 2021
303 views 3 mins

Govt urged to implement the ‘use it or lose it’ policy

ARTISANAL miners have urged the government to speedily implement the “use it or lose it” mining policy to prevent accumulation of claims for speculative purposes. Artisanal and Small Scale Miners Association (ASSA) national chairperson Blessing Togarepi said if implemented, the policy would increase production in the mining sector. “The ‘use it or lose it policy’ […]

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