News

By Eben Mabunda HARARE (Mining Index) – A STEADY growth trajectory on Tuesday the 31st of August as it clocked at $1816.7 per troy ounce on global markets, an increase of 0.18% from Monday’s closing price. This price level is 4.24% higher than average Gold Prices observed in the past 30 days ($1739.7) -as gold […]

By Lucy Tandi  HARARE (Mining Index) – THE DEBATE on Exclusive Prospecting Orders (EPOs) has seen Artisanal and Small-Scale Miners (ASM) across the country locking horns with the Ministry of Mines and Mining Development, objecting to the issuance of EPOs. An Exclusive Prospecting Order (EPO) is a large area of ground targeting selected minerals for exploration. According […]

Gold deliveries to Fidelity Printers and Refiners (FPR) more than doubled to 2.94 tonnes in August from 1.27 tonnes reported in the same month last year amid rising confidence after authorities benchmarked prices to those offered on the international market. The August figures are the highest delivery level this year. The closest was June figures […]

AUSTRALIA-LISTED mining concern, Prospect Resources, says Luzich Resources Africa, an affiliate of Luzich Partners LLC, has executed the option agreement to buy 100% of its Penhalonga gold project for US$1 million. In October 2020, the African lithium developer announced that, in line with its strategy to extract value from non-core assets, it had entered into […]

The Dubai Gold & Commodities Exchange and Zimbabwe’s Victoria Falls Stock Exchange signed a memorandum of understanding that may lead to the establishment of a gold market in the African country. Zimbabwe wants to open the exchange in a bid to create a reference market that will see miners offered competitive prices, said Justin Bgoni, chief […]

By Midlands Correspondent  – Wednesday 8 September 2021 HARARE (Mining Index) – HE WAS staring vacantly in the space pondering on the next move. The far away look from his sunken eyes told a story of a hard road traversed in the furrows of life. The thought of living this compound which he had called […]

INCENTIVES by the central bank and fidelity printers and refiners for small scale miners continue to pay dividends as the sector recorded significant improvement in gold yield last month. There has been impressive run in gold production figures, with small scale miners having maintained the momentum on output after securing two tonnes of the yellow […]