352 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
352 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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225 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
225 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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214 views
FEATURED
Mining Index Zimbabwe
- October 6, 2021
214 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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292 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
292 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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189 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
189 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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224 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
224 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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204 views
FEATURED
Mining Index Zimbabwe
- October 5, 2021
204 views 2 mins

Nickel consumption to double by 2040 – WoodMac

Nickel consumption is expected to more than double from the 2.4-million tonnes used in 2020 to 4.9-million tonnes by 2040, analyst Wood Mackenzie (WoodMac) said. Speaking at the Australian Nickel Conference on Tuesday, WoodMac principal analyst for nickel, Angela Durrant, noted that the stainless steel market currently accounted for about 70% of nickel consumption; however, […]

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

Caledonia in 104% dividend rise

RESOURCES firm, Caledonia Mining Corporation (Caledonia) has declared an increased quarterly dividend of US$0,14 per share despite the depressed economic environment. Caledonia chief executive officer Steve Curtis said on Monday 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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321 views
FEATURED
Mining Index Zimbabwe
- October 4, 2021
321 views 3 mins

Coal surges to record as global scramble for energy accelerates

Coal prices soared to their highest on record as China accelerated a global struggle for resources that has brought the dirtiest fossil fuel roaring back. High-quality thermal coal loaded on ships at Newcastle port in Australia surged to $203.20 a ton, breaking the previous record set in July 2008. That’s the benchmark price for Asia, […]

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346 views
FEATURED
Mining Index Zimbabwe
- October 4, 2021
346 views 59 secs

Outcry over 24% mining wage increase

MINE workers’ unions have complained about the recent 24% wage increase awarded to the sector saying it is insignificant and has been eroded by inflation. The increase, effective from July 1, 2021, came after collective bargaining by the Associated Mine Workers Union of Zimbabwe (AMWUZ) and the Chamber of Mines Zimbabwe. It will result in […]

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