113 views
FEATURED
Mining Index Zimbabwe
- December 7, 2021
113 views 23 secs

Canada’s Mountain Province reports strong demand for its diamonds

Canadian diamond miner Mountain Province has achieved sterling results in its December sale, reinforcing its confidence in a robust diamond market heading into 2022, president and CEO Mark Wall reported on Monday. During the most recent December sale, 388 573 ct were sold for total proceeds of C$42.7-million ($33.3-million), resulting in an average value of C$11/ct ($86/ct). Including […]

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384 views
FEATURED
Mining Index Zimbabwe
- December 7, 2021
384 views 3 mins

After failing to bag Shamva, Canada’s B2Gold is again looking for a Zimbabwean gold mine to buy

B2Gold Corporation, the Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe. The mid-tier gold producer, which has mines in Mali, Namibia and the Philippines, has held talks with the government and other officials Zimbabwe “to see if they are ready for us to come in,” […]

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249 views
FEATURED
Mining Index Zimbabwe
- December 7, 2021
249 views 3 mins

Zimplats board approves US$1.8bn investment for Zimbabwe expansion

Zimplats, the country’s biggest platinum producer, says its board has approved new capital investment worth US$1.8 billion in Zimbabwe, with US$1.2 billion already committed for implementation. The investment will be spread out over the next ten years, starting in 2021, and involves the development of a new mine, expanding processing capacity and cutting emissions, Zimplats […]

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310 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
310 views 2 mins

Implats to acquire Royal Bafokeng Platinum

South Africa’s Impala Platinum (Implats) (IMPJ.J) said on Monday it was planning to make an offer to buy smaller platinum group metals producer Royal Bafokeng (RBPJ.J) for 150 rand per share in a cash-and-stock deal. In a separate statement, Royal Bafokeng said that at this stage its independent board does not express any view or […]

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196 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
196 views 3 mins

Canada’s diamond miner sees underwater mining as site’s future

Arctic Canadian Diamond Company is working on technology that will enable it to begin underwater remote mining (URM) in an effort to extend the life of its Ekati deposit. The miner has spent the past four years creating the necessary equipment together with maritime-technology provider Royal IHC. The machine, known as a crawler, will enable […]

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110 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
110 views 2 mins

China plans to raise long-term coal prices in 2022 after squeeze

China plans to raise the benchmark price for long-term coal contracts in 2022 after a supply scare earlier this year, adding to inflationary pressures faced by manufacturers. The National Development and Reform Commission will set the benchmark rate for thermal coal at 700 yuan ($110) a ton for long-term contracts, allowing prices to rise or […]

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182 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
182 views 3 mins

Zim urges developed countries to float fossil fuel rescue package

ZIMBABWE has urged Western Countries to float a lucrative financial rescue package which will serve as a safety net for poor countries expected to stop coal usage. Signatories to the Cop26 agreement, which Zimbabwe is a part of, have committed to ending all investment in new coal power generation domestically and internationally. They have also […]

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180 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
180 views 2 mins

Chinese Company Buries Man Alive

A CHINESE owned mining company Xu Zhong Jin Investments has been dragged to court by the family of a local artisanal miner it allegedly buried alive in one of its shafts in Mutare last year. The miner, Sure Mutamba’s widow, Nester Munyongani, and her four-year-old child are demanding $2 million from the Chinese company as […]

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103 views
FEATURED
Mining Index Zimbabwe
- December 3, 2021
103 views 4 secs

Caledonia lists on VFEX

Gold mining giant Caledonia Mining Corporation Thursday officially listed on the Victoria Falls Stock Exchange, making it the third company to list on the foreign currency denominated bourse since its opening last year. Caledonia, which operates Blanket mine, brings in more than 600 000 shares that are available for Zimbabweans. President Emmerson Mnangagwa presided over […]

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288 views
FEATURED
Mining Index Zimbabwe
- December 3, 2021
288 views 3 mins

Export retention holds back BNC… BNC revenue increased by 41% to US$35,3m

BINDURA Nickel Corporation (BNC) says the 40% export retention and the depreciating Zimbabwe dollar triggered a loss of US$1,2 million during the half year ended September 30, 2021. Under the export retention scheme, companies are required by the Reserve Bank of Zimbabwe (RBZ) to surrender 40% of their proceeds for local currency at the official […]

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