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FEATURED
Mining Index Zimbabwe
- October 28, 2021
268 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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133 views
FEATURED
Mining Index Zimbabwe
- October 28, 2021
133 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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208 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
208 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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253 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
253 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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245 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
245 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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198 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
198 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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273 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
273 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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177 views
FEATURED
Mining Index Zimbabwe
- October 26, 2021
177 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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375 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
375 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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160 views
FEATURED
Mining Index Zimbabwe
- October 25, 2021
160 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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