259 views
FEATURED
Mining Index Zimbabwe
- October 7, 2021
259 views 4 mins

Zim gold output jumps 29%

Zimbabwe’s gold output in the first nine months of the year rose 29% to 18.89 tonnes from 14.65 tonnes reported in the prior comparative period owing to favourable policy measures put in place by the central bank. The measures included the 5% incentives for deliveries of at least 20kgs by small scale miners and the […]

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154 views
FEATURED
Mining Index Zimbabwe
- October 7, 2021
154 views 3 mins

Invictus posts US$1,3 million loss

ZIMBABWE’S only oil and gas operator, Invictus Energy Limited incurred a net loss of US$1,3 million for the year ended June 30, 2021, down 29% compared to the same period last year. For the year ended June 30, 2020, the company incurred a US$1,8 million loss. The Australian Securities Exchange-listed firm is exploring for oil […]

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346 views
FEATURED
Mining Index Zimbabwe
- October 7, 2021
346 views 2 mins

Anglo Names First Female CEO at Top African Iron Ore Miner

Anglo American Plc appointed a female chief executive officer to run its South African iron ore business for the first time as the mining giant reshuffles its top bulk commodities management. Mpumi Zikalala, currently managing director of De Beers managed operations, will take over as CEO of Kumba Iron Ore Ltd. on Jan. 1, Anglo […]

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178 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
178 views 4 mins

BHP discussing Congo copper deal in shift of strategy

BHP Group is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the world’s biggest mining company’s policy of shunning risky jurisdictions. The Melbourne-based miner is in early discussions with billionaire Robert Friedland’s Ivanhoe Mines Ltd. to buy into Western Foreland, a huge exploration […]

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239 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
239 views 3 mins

Manganese expert warns of sulphate supply deficit for battery EVs

With no shortage of manganese expected any time soon, commodities research, consulting, financial advisory CPM Group special adviser and expert in manganese Andrew Zemek believes current global reserves of this ferro-alloy could last up to 325 years at the current rate of production. This, he says, is substantiated by the fact that manganese is “much […]

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129 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
129 views 3 mins

Diamond giant De Beers hunts for treasure in Greenland’s waters

Mining giant De Beers has commissioned a survey of the ocean floor off Greenland’s coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. The eight-day survey of around 800 km of seabed off Greenland’s west coast, near the town of Maniitsoq, ended on Thursday last week, a spokesperson […]

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169 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
169 views 3 mins

600 Mat South miners forfeit gold claims

CLOSE to 600 gold claims owned by small-scale miners in Matabeleland South province have been forfeited to the Mines ministry after the owners failed to pay inspection fees. Zimbabwe Miners Federation (ZMF) general council secretary Phelemon Mokuele, who is based in Gwanda, yesterday told Southern Eye that the claims were forfeited recently following an inquiry […]

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207 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
207 views 2 mins

Floods push RioZim to US$1,5bn loss

POST-TAX losses at RioZim Limited widened to $1,5 billion during the half year ended June 30, 2021, after heavy rains triggered flash floods and crippled operations at the firm’s flagship Cam & Motor Mine. RioZim posted a $77,4 million loss during the same period last year. The ZSE-listed mining giant said it was running into […]

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113 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
113 views 4 mins

Massive diamond plunder exposed in leak

DEPUTY chief secretary to the president and cabinet, Martin Rushwaya set up an offshore shell company in the Seychelles which was used to trade in diamonds while serving as defence secretary, leaked financial documents show. Rushwaya, a relative of President Emmerson Mnangagwa created Greatgem Corp. in the Seychelles in 2010, with the help of a […]

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186 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
186 views 27 secs

Caledonia declarers quarterly dividend

RESOURCES firm, Caledonia Mining Corporation (Caledonia) has declared an increased quarterly dividend of US$0,14 per share despite the depressed economic environment. The company’s chief executive officer Steve Curtis yesterday said the dividend represented an 8% increase from the previous quarterly dividend of US$0,13 cents that was paid in July 2021. “We are pleased to announce […]

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