206 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
206 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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325 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
325 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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182 views
FEATURED
Mining Index Zimbabwe
- October 14, 2021
182 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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342 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
342 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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211 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
211 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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208 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
208 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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281 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
281 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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369 views
FEATURED
Mining Index Zimbabwe
- October 13, 2021
369 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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308 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
308 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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368 views
FEATURED
Mining Index Zimbabwe
- October 12, 2021
368 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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