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Treasury will audit some Chinese gold mining operations amid revelations they have been importing equipment duty-free but failing to sell the yellow metal to Fidelity Printers and Refineries (FPR). Government had introduced a rebate and tax relief system that saw mining companies import capital equipment duty-free to ramp up production. “The new proposed measures will […]

ZIMBABWE Mining Workers (ZMW) president Kurebwa Javangwe Nomboka has urged mining companies to pay their workers COVID-19 allowances as the sector is regarded an essential service. Nomboka urged the mine workers’ National Employment Council (NEC) to push for the allowances as mine workers were at high risk of contracting the coronavirus. Last year, the government […]

ZIMBABWE-focused miner Premier African Minerals has raised £800 000 (approximately US$1,1 million) via a placing, with the proceeds to be used at the Zulu Lithium and Tantalum projects in Zimbabwe. The company said it had placed 500 million new ordinary shares at a price of 0,16 pence a share. Premier owns the RHA Tungsten, Zulu […]

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 […]

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 […]