166 views
FEATURED
Mining Index Zimbabwe
- December 9, 2021
166 views 2 mins

Mine workers unions push for US$600 per month

MINE workers unions are pushing for a US$600 salary per month similar to what their peers in neighbouring countries earn. Workers in the sector were recently awarded a 24,5% salary hike following collective bargaining negotiations. The increase will see the least paid employee earning $30 500. After statutory deductions such as the National Social Security […]

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374 views
FEATURED
Mining Index Zimbabwe
- December 9, 2021
374 views 3 mins

‘Tax incentives rip off Zim’

A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment. The Zimbabwe Environmental Law Association (Zela) said in a note analysing Caledonia Mining Corporation’s listing on the Victoria Falls Stock Exchange (VFEX) that it was concerned about the […]

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256 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
256 views 3 mins

Natural gas essential for net zero – report

A report commissioned by the Australian Gas Industry Trust (AGIT) has confirmed that natural gas will have a significant role to play in a cleaner energy economy as Australia moved towards a net-zero future. The report, undertaken by Frontier Economics, reinforced the value of flexible and dispatchable gas-powered generation in the electricity system as the […]

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194 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
194 views 39 secs

Barrick subsidiary acquires six prospecting licences in Tanzania

Gold miner Barrick Gold’s Bulyanhulu Gold Mine has entered into an agreement to acquire six prospecting licences, in Tanzania, for $6-million. It will acquire the six prospecting licences, which are adjacent to the Bulyanhulu mine, from the Mineral Industry Promotion and Consulting Company – a wholly-owned subsidiary of Tembo Gold Corporation. Barrick says the prospects […]

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103 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
103 views 2 mins

De Beers to explore for diamonds in north-eastern Angola

Diamond miner De Beers Group has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the country’s government that enable the country’s diamond endowment to “underpin transformative socioeconomic growth for local communities”. Following the mineral rights application submission, De Beers and the government of Angola will open discussions in […]

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277 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
277 views 2 mins

Armed sand poachers invade Byo

BULAWAYO residents’ associations have called on government to deploy armed police to stop sand poaching activities in most residential areas. The residents’ associations said sand poachers were leaving pits that posed a danger to children. Bulawayo Progressive Residents Association chairperson Ambrose Sibindi said sand poachers were posing a serious environmental damage. “Government should deploy armed […]

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430 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
430 views 16 secs

ZERA announces new LPG gas prices

The Zimbabwe Energy Regulatory Authority (ZERA) this week reviewed the price of liquefied petroleum gas (LPG), with the new retail price now set at US$2.14 or RTGS$222.95 in local currency per kilogram.

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234 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
234 views 3 mins

Invictus scales up capital hunt with new listing

Invictus Energy Limited, the Australian firm that is exploring for oil and gas reserves in Muzarabani district, has started trading on the OTCQB market, as part of efforts to raise funding for the project, the firm said in a statement. The OTCQB is a mid-tier equity market which lists primarily early-stage and developing companies in […]

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243 views
FEATURED
Mining Index Zimbabwe
- December 8, 2021
243 views 4 mins

New deal to bail out Redwing gold mine

Redwing Mining Company (RMC), has entered into a joint venture agreement with Duatlet Investments in a development that will see injection of fresh capital into the gold miner, official documents show. Betterbrands Mining Company (BMC), which had been running operations at Redwing, has now been ordered to suspend all mining activities with immediate effect to […]

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159 views
FEATURED
Mining Index Zimbabwe
- December 7, 2021
159 views 2 mins

Coming months to be ‘very significant’ for Botswana Diamonds

The coming months will be very significant, and a time of “great opportunity”, for diamond miner Botswana Diamonds, as it has a pipeline of projects at various stages of development, says chairperson John Teeling. However, this opportunity had not yet been realised, he said on December 6, noting that the stock markets in recent years […]

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