188 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
188 views 3 mins

Caledonia confident of production target

Caledonia Mining Corporation says it is confident of achieving its production target of 80,000 ounces from next year following the commissioning of the central shaft at its Zimbabwe unit Blanket Mine. In the third quarter to September 30, 2021, the company reported a record 25% gold production increase to 18,965 ounces from 15,155 ounces produced […]

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174 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
174 views 3 mins

Fossil-fuel divestment supported by investors with $39tr

About 1 500 investment institutions overseeing a combined $39.2-trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from $52-billion across 181 institutions in 2014, the first year the group tallied such commitments. So far in 2021, the $16-billion Ford Foundation, started […]

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149 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
149 views 2 mins

Petra records good first-quarter revenue growth

London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year to $114.9-million for the quarter ended September 30 – the first quarter of Petra’s 2022 financial year. “The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales, supported by the continued strength in the diamond market,” CE Richard […]

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214 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
214 views 2 mins

Investors shell out US$24 Million Into Argus

YOUNG Zimbabwe businessman Batsirai Joel Matiza has attracted the interest of international investors after spearheading successful acquisitions of Cobalt mining companies based in the Democratic Republic of the Congo. Matiza, using off-shore based Argus Group as the special purpose vehicle, has entered into deals which will see him partnering with international companies across the globe. […]

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129 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
129 views 9 mins

Australia sets 2050 net-zero targets

Australian Prime Minister Scott Morrison on Tuesday set a net zero emissions target for 2050 ahead of the COP26, releasing Australia’s Long Term Emissions Reduction Plan. The technology-driven plan sets out a credible pathway to net zero by 2050, while preserving existing industries, establishing Australia as a leader in low emissions technologies, and positioning Australia’s […]

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315 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
315 views 4 mins

Women Miners Hit Hardest By Covid

WOMEN in mining suffered large and disproportionate consequence because of Covid-19 lockdowns. The women miners have also been slower in recovering from the effects of the pandemic. Some women miners in Shurugwi area in the Midlands province have incurred losses after they fail to service loans which they took from banks to finance their mining […]

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112 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
112 views 2 mins

Diamond Deficit to Drive Prices, Alrosa Predicts

Prices of rough and polished diamonds will continue to rise amid a prolonged shortage in supply and strong jewelry demand, Alrosa said. Miners reduced rough-diamond production by 20% in 2020, leading to inventory depletion, the Russian company explained Tuesday in its annual report on the diamond investment market. Additionally, Covid-19 regulations forced lockdowns at some […]

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353 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
353 views 9 mins

London Metal Exchange has to restrain disorderly copper

The London Metal Exchange (LME) was forced to apply the restraints as a ferocious squeeze rocked the market, with the premium for cash metal spiralling out of control to an unprecedented $1,103.50 per tonne at one stage on Monday as the exchange’s monthly prompt date descended into chaos. The London copper contract has been sucked […]

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208 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
208 views 2 mins

UK’s Contango plans first coking coal production in Q1 after sample tests beat expectations

Contango, the UK listed resources company, says it plans to start coking production in Zimbabwe in the next quarter after better-than-expected results from a set of sample analyses conducted by Bureau Veritas in South Africa. Contango will produce coking coal, a type of coal used in the production of steel. Some 49 samples from Contango’s […]

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243 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
243 views 3 mins

Climate Council calls for end to coal and gas as Australia places last

A new report by the Climate Council has ranked Australia in last place out of all developed countries, for its performance on climate change. The report assessed both Australia’s track record on climate and its commitments moving forward against its international peers and found that Australia is the worst performing when it comes to cutting […]

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