279 views
FEATURED
Mining Index Zimbabwe
- November 18, 2021
279 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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364 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
364 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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186 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
186 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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150 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
150 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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267 views
FEATURED
Mining Index Zimbabwe
- November 17, 2021
267 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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233 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
233 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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173 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
173 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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303 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
303 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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288 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
288 views 6 mins

US adds nickel, zinc to critical minerals list

Nickel and zinc are now deemed critical minerals by the United States. The US Geological Survey (USGS) is proposing both metals be included in the redrafted critical minerals list. The list has grown from 35 to 50 since the last iteration in 2018, but that largely reflects the splitting out of rare earth elements and […]

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423 views
FEATURED
Mining Index Zimbabwe
- November 16, 2021
423 views 4 mins

14Mt a day show why China and India won’t quit coal

There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters. China and India are currently mining a combined 14-million tons a day of the dirtiest fossil fuel. Coal not only remains crucial to their […]

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