163 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
163 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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278 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
278 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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233 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
233 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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261 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
261 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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106 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
106 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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134 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
134 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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202 views
FEATURED
Mining Index Zimbabwe
- October 11, 2021
202 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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236 views
FEATURED
Mining Index Zimbabwe
- October 11, 2021
236 views 4 mins

US, EU line up over 20 more countries for global methane pact

TWO dozen countries have joined a US- and EU-led effort to slash methane emissions 30% by 2030, giving the emerging global partnership momentum ahead of its launch at the UN climate summit in Glasgow later this month, a government official told Reuters. Nigeria, Japan and Pakistan are among the 24 new signatories to the Global […]

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194 views
FEATURED
Mining Index Zimbabwe
- October 11, 2021
194 views 2 mins

Prospect confirms new game plan for Arcadia

THE staged optimised feasibility study (OFS) of the Acradia lithium project, in Zimbabwe, has confirmed the economic viability of the project, said ASX-listed Prospect Resources. The OFS considered the construction of two 1.2-million-tonne-a-year modules, resulting in low up-front capital costs, with reduced execution and market risks. The Stage 1 operation would require a capital spend […]

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100 views
FEATURED
Mining Index Zimbabwe
- October 11, 2021
100 views 2 mins

RioZim Diamonds Production Down 4%

DIVERSIFIED mining group RioZim diamonds production went down by 4% due to technicalities associated with migration of mining activities in the half-year ended June 30, 2021. Presenting the group’s half-year results, RioZim chairperson Saleem Beebeejaun said the lowered production also prompted the widening of losses. “The group’s associate produced 240 000 carats for the six-month […]

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