320 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
320 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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199 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
199 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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194 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
194 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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234 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
234 views 2 mins

Silobela community demands share of Jena Mine

VILLAGERS in Silobela are demanding that the redundant Jena Gold Mine claims be allocated to them as they are living in poverty while their area is endowed with gold deposits. The Jena Mine claims were first pegged in 1979 before State-owned Zimbabwe Mining Development Corporation (ZMDC) acquired them in 1984. Despite being rich in gold […]

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

Invictus makes fresh headway in Zim

SOUTHERN Africa-focused oil and gas exploration outfit, Invictus Energy says its Cabora Bassa 2021 seismic survey campaign in Zimbabwe is progressing well with 220 kilometres of data recording and 240km of layout so far completed. The data quality and density being acquired from the survey was excellent and a step ahead of the previous Mobil […]

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276 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
276 views 3 mins

Hwange struggles to obtain working capital

HWANGE Colliery Company Limited has struggled to access crucial lines of credit from domestic banks and international lenders since slipping into administration about two years ago, judicial manager Dale Sibanda said at the weekend. He spoke as financial statements for the half year ended June 30, 2021 showed the firm was relapsing into a $160 […]

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338 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
338 views 12 mins

Investigation: How Viktor Sheiman’s son secretly mines gold in Zimbabwe

IN March 2018, Viktor Sheiman, the then head of the Property Management Directorate of Belarusian President Alexander Lukashenko, paid an official visit to Zimbabwe where he and Mines minister Winston Chitando agreed to establish a joint mining company. The company was called Zim Goldfields. What was it engaged in, and who reaped the benefits? What does it […]

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153 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
153 views 2 mins

Hwange expects operations to stabilise within 6 to 12 months

JSE- and LSE-listed Hwange Colliery has reported a 139% year-on-year increase in gross profit to ZWL851-million in the six months ended June 30, partly owing to an increase in high-value coking coal sales. The company has effectively narrowed its net loss to ZWL538-million, compared with a net loss of ZWL991-million posted for the six months […]

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172 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
172 views 2 mins

Aluminium hits highest since 2008 as power shortages escalate

Aluminium prices rose on Monday to their highest since 2008 due to increases in costs of energy and raw materials used to make the metal and output cuts by the biggest producer, China. China’s production, already curbed by a government anti-pollution drive, has been further hit by power shortages gripping the country. Chinese energy futures […]

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230 views
FEATURED
Mining Index Zimbabwe
- October 11, 2021
230 views 56 secs

Energy crisis pushes Serbia to keep coal power

Serbia won’t phase out coal-fired power plants anytime soon as it needs them to deal with the current energy crunch, president Aleksandar Vucic said, defying European pressure to speed up its energy transition to cleaner fuels. More than two-thirds of Serbia’s annual production of 35 terrawatt-hours comes from thermal plants, while the rest stems mostly […]

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