205 views
FEATURED
Mining Index Zimbabwe
- August 27, 2021
205 views 3 mins

Fuel Firms Risk Losing Licences For Abusing RBZ Forex

Government has issued a stern warning to delinquent fuel companies that are abusing foreign currency they obtain from the Reserve Bank of Zimbabwe (RBZ) through the auction system. The oil firms stand accused of obtaining cheap foreign currency from the RBZ’s weekly auction system for fuel procurement and importation before they illegally sell the product […]

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116 views
FEATURED
Mining Index Zimbabwe
- August 27, 2021
116 views 3 mins

Zim bound Electric vehicles maker expands to West Africa

Fresh from acquiring a Zimbabwean electric vehicle car dealership, Agilitee Africa, has expanded its wings to the west African nation of Nigeria. The company recently opened its West African operation in Nigeria, which will serve as the headquarters for the region. “The West Africa Headquarters in Lagos will serve the entire Economic Community of West African […]

3162 POSTS
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86 views
FEATURED
Mining Index Zimbabwe
- August 27, 2021
86 views 3 mins

US$200m boost for small-scale miners

THE largest artisanal and small-scale miners’ representative body, Artisanal and Small-Scale Miners Association (ASSA), is set to change the face of small-scale mining after clinching an investment deal worth US$200 million with a diversified South African aviation company, Greenfli Aviation Group. The  aviation firm will invest in state-of-the-art equipment to help small-scale miners do away […]

3162 POSTS
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264 views
FEATURED
Mining Index Zimbabwe
- August 26, 2021
264 views 3 mins

Copper price rises as Chinese buyers come back to the market

The copper price climbed for the fourth day as China’s success in containing a sprawling covid-19 outbreak shored up confidence in the demand outlook. Indicators in the physical market suggest the country’s appetite for copper is picking up rapidly. Copper for delivery in September rose 1% from Tuesday’s settlement price, touching $4.3025 per pound (9,465 per tonne) […]

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199 views
FEATURED
Mining Index Zimbabwe
- August 26, 2021
199 views 4 mins

Caledonia drops Glen Hume

CALEDONIA Mining Corporation has placed on ice exploration at Glen Hume, the Midlands-based goldfields, after results failed to live up to the resources giant’s expectations, the firm said this week. Glen Hume, which is located near Gweru, was the latest of several assets being eyed by the Jersey-headquartered resources outfit, whose flagship operation is the […]

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134 views
FEATURED
Mining Index Zimbabwe
- August 25, 2021
134 views 2 mins

ALROSA considers converting heavy-duty vehicles to LNG

ALROSA is considering converting its fleet of supersize mine trucks and road trains to run in liquefied natural gas (LNG) and diesel mode. The switch would reduce opencast mining costs, increase operational efficiency and improve overall environmental performance, reducing emissions by one third. Annual savings are estimated to reach RUB 0.5 billion. Currently, the core […]

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302 views
FEATURED
Mining Index Zimbabwe
- August 25, 2021
302 views 25 secs

Petra partly sells two big diamonds to local beneficiator

London-listed Petra Diamonds has sold its recently recovered 342.92 ct Type IIa white diamond and an 18.30 ct Type IIb blue diamond into a partnership with Stargems. Petra will receive an upfront payment of $10-million for the 342.92 ct diamond and $3.5-million for the 18.30 ct diamond. It will also retain a 50% profit of […]

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210 views
FEATURED
Mining Index Zimbabwe
- August 25, 2021
210 views 2 mins

China eyes Afghanistan’s mineral wealth

While the world devours these distractions China is eyeing one of the world’s largest mineral reserves – it is estimated that Afghanistan’s resources hold value of anywhere between US$1 trillion and US$3 trillion. Vast reserves of gold, platinum, silver, copper, iron, chromite, lithium, uranium, and aluminium are waiting to be exploited. In addition, high-quality emeralds, […]

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326 views
FEATURED
Mining Index Zimbabwe
- August 25, 2021
326 views 3 mins

Prospect hunts for long-term funding partner

AUSTRALIA–LISTED mining concern, Prospect Resources, has started the process of finding a long-term partner for the funding and development of its flagship Arcadia Mine, a world-class asset on the outskirts of Harare. The development comes after the Zimbabwe-focused lithium outfit successfully scaled up shareholding in Arcadia Mine to 87% in a deal worth just under […]

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141 views
FEATURED
Mining Index Zimbabwe
- August 25, 2021
141 views 3 mins

Gold incentives lift output

INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said on Friday, projecting higher year-end output. Speaking during a mid-term monetary policy statement (MPS) review webinar organised by the country’s biggest […]

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