189 views
FEATURED
Mining Index Zimbabwe
- November 18, 2021
189 views 4 mins

Russia to review coal plans, mull carbon tax after Glasgow

Russia will look to cut its ambitious goals for boosting coal production in the coming decade and consider imposing a carbon tax or other regulation in the wake of the deals reached by major powers at the COP26 summit in Glasgow. If approved, the moves could amount to a major shift in climate policy by […]

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133 views
FEATURED
Mining Index Zimbabwe
- November 18, 2021
133 views 3 mins

Chinese miner speaks on Uzumba controversy

CHINESE granite miner Heijin, which is being accused of putting up a mining operation in Uzumba that is likely to displace villagers, has claimed that only six villagers will be displaced by its activities. This comes after government last month issued a notice to shut down its operations in Kaseke Village in Uzumba after villagers […]

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349 views
FEATURED
Mining Index Zimbabwe
- November 18, 2021
349 views 53 secs

2 panners die in shaft collapse

TWO illegal gold miners were killed in Penhalonga when a mine shaft collapsed. Manicaland acting police spokesperson Assistant Inspector Wiseman Chinyoka yesterday said the incident occurred on November 14 at Better Brands Mine, Redwing, during the night. The now-deceased are Frank Maidi (28) and Cephas Simbarashe (20), both from Penhalonga. Chinyoka said Maidi and Simbarashe […]

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439 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
439 views 5 mins

Karo, govt review US$4bn deal… as Zim seeks fair share after ‘very encouraging results’

KARO Resources, the firm that is establishing one of Zimbabwe’s biggest mines, has opened fresh talks with the government to ink a fair deal after reporting “very encouraging” exploration results, Deputy Minister of Mines and Mining Development Polite Kambamura revealed. Karo, which has links to mining tycoon Loucas Pouroulis, signed the US$4,2 billion transaction with […]

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251 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
251 views 7 mins

Saudi Arabia continues talks with South African investors to further support mining ecosystem

Saudi Arabia recognises the importance of building lasting international partnerships to support its minerals ecosystem – a move that will ultimately result in the mapping of the kingdom’s mineral-rich territories for the benefit of all local and international investors. Saudi Arabia Vice Minister of Industry and Mineral Resources Khalid Al-Mudaifer tells Mining Weekly that the […]

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222 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
222 views 2 mins

Parly lambasts current gold payment model

The Parliamentary Portfolio Committee on Mines and Mining Development on Monday said the current gold payment model threatens miners viability. Local miners are getting 60% foreign currency retention and are paid 40% in local currency for their gold deliveries to Fidelity Printers and Refiners (FPR). This payment model, the Portfolio Committee on Mines and Mining […]

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323 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
323 views 2 mins

‘Media, a key player in exposing illicit plundering of natural resources’ – Maguwu

THE media has been urged to write compelling investigative stories that expose the illicit plundering of the country’s natural resources to help law enforcement agents to combat mineral trafficking, conflict and crime. Speaking at media workshop to discuss transparency and accountability in cross border and gold trading on Wednesday, Centre for Natural Resource Governance (CNRG) […]

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256 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
256 views 5 mins

COP26 climate deal reached in Glasgow after compromise on coal

A revised deal was approved at the United Nations climate conference on Saturday after a last-minute change to the text regarding coal, which drew complaints from vulnerable nations wanting a more definitive statement on ending fossil fuel subsidies. Rich countries stood accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable […]

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218 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
218 views 10 mins

Zambia helping private sector to flourish as it ups green energy, copper

Zambia zoomed into town today and did all it could to sweep investors off their feet with pledges to be private-sector driven, surge into green energy, and do everything it can to regain top spot in global copper at a time when the metal is set to play such a key role in the fight […]

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331 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
331 views 35 secs

Makomo Resources rescue mission begins

BARAK Fund SPC Ltd on Wednesday commenced corporate rescue proceedings of one of the country’s major coal producers, Makomo Resources. This was revealed in a notice by Barak Fund SPC’s lawyers Titan Law. “Be pleased to take notice that on the 10th day of November 2021, the applicant Barak Fund SPC Ltd has commenced corporate […]

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