234 views
FEATURED
Mining Index Zimbabwe
- October 15, 2021
234 views 2 mins

Inaugural Angola International Diamond Conference imminent

The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the main African diamond-producing nations, leaders of diamond companies and […]

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221 views
FEATURED
Mining Index Zimbabwe
- October 15, 2021
221 views 4 mins

South Africa’s banks say they can’t cut off funding for coal just yet

South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels. The top four banks have started to withdraw financing, with Nedbank and FirstRand setting deadlines of […]

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214 views
FEATURED
Mining Index Zimbabwe
- October 15, 2021
214 views 6 mins

RioZim in a firestorm… board red-flags mining giant after burning ZW$1bn

MULTI-resource giant RioZim Limited slipped into a liquidity crunch during the first six months of 2021, after overturning a healthy working capital position to plunge into almost ZW$1 billion (about US$11,5 million) working capital black hole, financial statements for the half year ended June 30, 2021 show. On Monday, the RioZim board cast doubts over […]

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265 views
FEATURED
Mining Index Zimbabwe
- October 15, 2021
265 views 54 secs

Probe into Mazowe mine disaster commences

MAZOWE South MP Fortune Chasi has said an investigation into the circumstances relating to the death of eight workers at a Chinese-run mine after an oxygen tank last week exploded has commenced. Six Chinese nationals and two Zimbabweans perished when oxygen cylinders burst at SAS Mine Lowdale. Operations were halted at the mine to pave […]

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149 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
149 views 4 mins

Big miners reconsider Congo, Zambia risks as copper price surges

Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices. Investor wariness about uncertain regulatory environments, challenging working conditions and corruption have meant some listed companies favoured countries such as Australia […]

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251 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
251 views 2 mins

Rio Tinto Takes 75% Stake in Angola Exploration Site

Rio Tinto has formed a joint venture with Angolan state-owned diamond company Endiama that will see the pair explore one of the country’s potential mines. The deal focuses on the Chiri kimberlite in Angola’s Lunda Sul region, Rio Tinto said Sunday. The mining giant has secured a 75% stake in the first phase of the […]

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142 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
142 views 4 mins

Rich nations should not force South Africa to ban new coal-power projects – Minister

Rich nations shouldn’t force South Africa to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, South Africa’s energy minister said. Gwede Mantashe last month skipped a meeting with climate envoys from the UK, US, Germany, France and the European Union, where an initial amount […]

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259 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
259 views 2 mins

Rare earths sector at risk of more substitution if prices spike

The rare earth sector is likely to face more substitution unless production ramps up sharply to close a looming supply gap, an industry executive has warned. Demand for rare earth permanent magnets, key for electric vehicles (EVs) and wind turbines, is due to soar as governments and companies step up efforts to cut carbon emissions. […]

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175 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
175 views 11 secs

Caledonia on track to meet upper end of yearly guidance

Aim- and NYSE-listed Caledonia Mining Corporation says it is on track to produce between 65 000 oz and 67 000 oz of gold this year from the Blanket mine, in Zimbabwe. The company produced a record 18 965 oz in the three months ended September 30, representing a 25% year-on-year increase. Caledonia is on track […]

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156 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
156 views 2 mins

HCCL Productivity Increases To 51%

HWANGE Colliery Company Limited (HCCL) has seen its productivity reaching 51 % after sustaining good financial performance partly attributed to the stable official exchange rates. In an update this week, the HCCL administrator, Dale Sibanda said both productivity and profits increased significantly during the six months to June 30, 2021, despite continued reconstruction. The coal […]

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