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FEATURED
Mining Index Zimbabwe
- December 6, 2021
195 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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223 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
223 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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239 views
FEATURED
Mining Index Zimbabwe
- December 6, 2021
239 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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158 views
FEATURED
Mining Index Zimbabwe
- December 3, 2021
158 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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401 views
FEATURED
Mining Index Zimbabwe
- December 3, 2021
401 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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442 views
FEATURED
Mining Index Zimbabwe
- December 2, 2021
442 views 2 mins

Zulu to be the biggest lithium mine

Zulu lithium mine has the potential to emerge as one of the more substantial hard rock lithium-rich mine in Zimbabwe, Premier African Minerals Chief Executive Officer Mr George Roach has said. Premier has made progress on drilling at its Zulu Lithium project presently under development in Matabeleland South province with presently waiting for assay results. […]

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274 views
FEATURED
Mining Index Zimbabwe
- December 2, 2021
274 views 3 mins

Muzarabani oil extraction next year

Australian Stock Exchange-listed oil and gas mining junior Invictus Energy is on the path to drill the world-class Muzarabani oil prospect in the first quarter of 2022, the company’s Managing Director Scott Macmillan said. Speaking at the company’s Annual General Meeting (AGM) Macmillan said details of the oil drilling campaign will be provided in the […]

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305 views
FEATURED
Mining Index Zimbabwe
- December 2, 2021
305 views 3 mins

Congo State cobalt monopoly aims to start buying in January

Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62 000 a tonne, is used in many […]

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261 views
FEATURED
Mining Index Zimbabwe
- December 2, 2021
261 views 3 mins

Western Australia releases strategies to reduce emissions

The Australian Petroleum Production and Exploration Association (Appea) on Thursday said that its members in Western Australia were committed to a cleaner energy future and will continue to work closely with the state government  on measures that reduce greenhouse-gas emissions in line with global targets. The comments come as the state government released its Sectoral Emissions Reduction Strategies (SERS), aimed […]

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325 views
FEATURED
Mining Index Zimbabwe
- December 2, 2021
325 views 3 mins

Zim platinum Q3 output plummets

Zimbabwe’s platinum output in the third quarter plummeted by 4 000 ounces to 111 000 ounces , a World Platinum Council (WPC) report shows. WPC said several miners had scheduled maintenance. “Zimbabwe continued its long-term undisrupted production performance in the quarter with output of 111 000 ounces, (which however, was) a modest 4 000 ounces […]

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