237 views
FEATURED
Mining Index Zimbabwe
- November 1, 2021
237 views 4 mins

Penhalonga community members arrested as they defend their land form artisanal miners

There were violent clashes between Penhalonga residents and scores of artisanal miners working under Prime Royal Africa on Friday the 1st of October. Tension had been brewing ever since PRA entered into a seven-year lease agreement with Redwing Mine which permitted the former to carry out alluvial mining in Tsvingwe and Penhalonga. PRA brought hundreds of […]

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106 views
FEATURED
Mining Index Zimbabwe
- November 1, 2021
106 views 2 mins

Six years on, is the Paris climate deal working?

Bucking a depressing trend of failed climate talks, the Paris Agreement marked the first time rich and poor countries united in support of a legally binding treaty aimed at curbing global warming. More than 190 parties pledged to limit the planet’s heating to “well below” 2°C (3.6°Fahrenheit) compared with pre-industrial levels while aiming for an […]

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216 views
FEATURED
Mining Index Zimbabwe
- November 1, 2021
216 views 5 mins

UN climate summit starts under cloud after G-20 dodges hard questions

Climate negotiators at the COP26 summit were banking on the world’s most powerful leaders to give them a boost before they embark on two weeks of fraught discussions over who should do what to slow the rise in global temperatures. In the broadest sense, they got what they needed — any consensus was better than […]

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161 views
FEATURED
Mining Index Zimbabwe
- October 29, 2021
161 views 4 mins

UK sees no deal coming to eliminate coal at UN climate summit

The United Nations climate talks haven’t even started and host-nation UK is already conceding that a key goal – a deal to end coal burning – is off the table. “It will be hard to consign coal to history at Glasgow,” Barbara Woodward, the UK’s ambassador to the UN, said in an interview Wednesday, a […]

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194 views
FEATURED
Mining Index Zimbabwe
- October 29, 2021
194 views 4 mins

Survey: Zimbabwe’s miners are more confident about 2022, but old worries still lurk under

Zimbabwe’s mining executives are more confident of the industry’s prospects next year than they were in 2021, but their optimism is tempered by old concerns over erratic government policy. According to the Zimbabwe Chamber of Mine’s latest annual survey of sentiment among the heads of the country’s biggest mines, “mining executives are confident about the […]

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124 views
FEATURED
Mining Index Zimbabwe
- October 29, 2021
124 views 48 secs

Man trapped to death in mine collapse

A MARANGE man was on Monday morning trapped to death in a mineshaft in Penhalonga. Manicaland acting provincial police spokesperson Assistant Inspector Wiseman Chinyoka confirmed the death of Fidelis Kashaya (22), who was trapped at Taikona Mine in Penhalonga on October 25 at around 11am. The now-deceased was reportedly employed at the mine. Chinyoka said […]

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216 views
FEATURED
Mining Index Zimbabwe
- October 28, 2021
216 views 2 mins

Zimbabwe miners losing 20% of export proceeds to exchange rate distortions – report

Zimbabwe’s miners are losing 20% of their export proceeds due to a widening gap between the official and black market currency exchange rate, an industry report showed on Wednesday. The Zimbabwe dollar is trading at 93 to the dollar on the official market, but is quoted as low as 180 against the greenback on a […]

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192 views
FEATURED
Mining Index Zimbabwe
- October 28, 2021
192 views 19 secs

Congo’s economic growth rises on mining sector performance

The International Monetary Fund on Wednesday revised upward this year’s economic growth forecast for the Democratic Republic of Congo to 5.4% due largely to higher-than-expected mining production. The IMF said in statement that it had also reached a staff-level agreement with Congo’s government on the first review of a three-year $1.5-billion extended credit facility that […]

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104 views
FEATURED
Mining Index Zimbabwe
- October 28, 2021
104 views 7 mins

Miners table fresh demands …. as firms lose US$1.7bn

Miners are pushing the Reserve Bank of Zimbabwe (RBZ) to ‘ring-fence’ the 40% surrender requirement component and allow firms to pay for essential services and taxes at the official exchange rate to rescue the multi-billion-dollar sector. The development comes at a time when the miners are losing 20% gross export proceeds due to the exchange […]

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165 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
165 views 4 mins

Karo Platinum studies complete

London Stock Exchange-listed Tharisa has completed the implementation studies at its Ngezi-based Karo Platinum project. Three years ago, Tharisa acquired a 26.8% shareholding in Karo Mining Holdings Ltd (Karo Holdings) for a total cash consideration of US$4.5m from the Leto Settlement. It then entered into an investment agreement with the Republic of Zimbabwe to establish […]

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