215 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
215 views 3 mins

A German power plant just ran out of coal in latest energy shock

The global energy crunch forced a German electricity producer to halt a power plant after it ran out of coal. Steag closed its Bergkamen-A plant in the western part of the country this week due to shortages of hard coal, it said by email. The closure is the first sign that Europe may need to […]

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195 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
195 views 43 secs

Zimbabwe okays export of 200 000 t of excess power coal

Zimbabwe has allowed the export of 200 000 t of excess power coal because of limited intake at its biggest coal-fired power plant, which is beset by frequent breakdowns, the coal producers association said on Friday. The Southern African nation’s six coal miners have a standing arrangement to supply 300 000 t of coal to […]

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311 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
311 views 53 secs

Rough Prices Rise at Grib Antwerp Auction

Grib Diamonds noted solid market demand at its most recent rough sale in Antwerp, with overall prices increasing 5% to 7% compared to the previous auction. The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, garnered approximately $45 million from its September 23 sale of around 550,000 carats, Antony Dear, Grib’s […]

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284 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
284 views 51 secs

World Diamond Council launches new guidelines

The World Diamond Council (WDC) has upgraded its System of Warranties program to cover a broader set of commitments when doing business in the diamond industry. The new System of Warranties (SoW) statement asks sellers of diamond jewelry and rough and polished diamonds to support the universally accepted principles of human and labor rights, anti-corruption, […]

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240 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
240 views 2 mins

Uzumba Chinese mine saga: More details emerge

THE case of a Chinese Mining Company which recently told Uzumba villagers that they did not own title deeds to their land has taken a new twist after it emerged that it actually does not have an environmental impact assessment (EIA) certificate. Heijin recently pegged a whole village in Uzumba to extract black granite in […]

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168 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
168 views 2 mins

2 die in disused coal mineshaft collapse

TWO young illegal miners and a university graduate were on Monday reportedly trapped to death by coal ashes while extracting coke at a dumpsite in Hwange. The issue was confirmed by a resident of DRC Empumalanga township, Joseph Manyemba, who said the incident happened at the M Block of the disused mine, which is usually […]

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132 views
FEATURED
Mining Index Zimbabwe
- October 1, 2021
132 views 3 mins

Arcadia Lithium owner posts US$3,7m loss

AUSTRALIA Stock Exchange-listed lithium producer, Prospect Resources, which is developing Arcadia Lithium Mine near Harare, recorded a loss after tax of US$3,7 million during the year ended June 30, 2021, the firm said yesterday. Prospect said this figure represented a 19% improvement after registering a loss of US$4,6 million during the same period last year. […]

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316 views
FEATURED
Mining Index Zimbabwe
- September 30, 2021
316 views 4 mins

Gold rush spawns fresh displacements

THOUSANDS of Domboshawa villagers on the outskirts of Harare face imminent displacement to accommodate a clique of gold miners with strong links to the ruling Zanu PF party and top government officials. It also emerged this week that the fresh gold rush is happening without following proper channels, including an environmental impact assessment (EIA) and […]

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197 views
FEATURED
Mining Index Zimbabwe
- September 30, 2021
197 views 15 secs

Provisional liquidator of Zambia’s Konkola Copper Mines arrested

The State-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2-million, Zambia’s Drug Enforcement Commission, which also handles money-laundering cases, said on Wednesday. “The money is said to have come into his possession by virtue of being the Provisional Liquidator for Konkola Copper Mines,” the […]

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207 views
FEATURED
Mining Index Zimbabwe
- September 30, 2021
207 views 3 mins

Jewelers sell $1 gold online as Indians warm up to internet buys

Jewelers in India have started selling gold for a little over $1 online after the pandemic upended sales, forcing them to reassess traditional ways of doing business. Sales crashed last year in the second-biggest consumer after a nationwide lockdown shuttered stores across the country. But it also led to a bump in India’s nascent market […]

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