82 views
FEATURED
Mining Index Zimbabwe
- August 24, 2021
82 views 2 mins

Gold diggers damage railway lines

THE National Railways of Zimbabwe (NRZ) has expressed concern over a surge in illegal mining activities along railway tracks throughout the country saying the activities were now posing a serious risk to rail traffic. NRZ acting public relations manager Martin Banda told Southern Eye yesterday that over 24 dams have been created by illegal artisanal […]

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129 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
129 views 4 mins

South Africa’s smelter crisis: 80 000 jobs on the line

Lobby group Save SA Smelters has warned of a national crises as local smelters are shutting down, resulting in the loss of thousands of jobs. The group further argues that if the price disparity between China and the West is allowed to continue, then there will be no South African smelting industry left standing. It has […]

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340 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
340 views 44 secs

De Beers Launches Larger Lab-Grown Diamonds

De Beers will introduce stones of up to 2 carats from its Lightbox lab-grown diamond jewelry line, along with a high-end collection. The company, which previously only offered pieces up to 1 carat, will release the larger-sized pink, blue and white stones in October, it said last week. The new stones will follow the brand’s […]

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108 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
108 views 2 mins

Alrosa Mulls Production Boost After Strong Quarter

Alrosa may increase its 2021 production plan in response to diamond shortages and rampant demand, management said after announcing sky-high quarterly results. “The market is recovering faster than we predicted,” commented Alexey Philippovskiy, the Russian miner’s chief financial officer, in a statement Friday. “Meanwhile, diamond supply is still 20% below the pre-Covid-19 levels, and global […]

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100 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
100 views 4 mins

Imara: Padenga’s VFEX listing was the wrong call, and it may ‘cannibalise’ ZSE

Padenga’s decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance Minister Mthuli Ncube’s incentive scheme, but the country’s biggest broker says it deprived local investors of a good stock and may lead an exodus from the Zimbabwe Stock Exchange (ZSE). The company became only the […]

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331 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
331 views 4 mins

Volvo buys world’s first fossil-free steel

The first fossil-free steel in the world has been delivered by Swedish steelmaker SSAB Oxelösund to its first customer, Volvo Group. The product was manufactured in northern Sweden, using the Hybrit technology, which was developed by SSAB in partnership with iron-ore miner LKAB and utility Vattenfall. The technology uses 100% fossil-free hydrogen instead of coal and […]

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142 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
142 views 2 mins

Chinese employer strangles worker

A CHINESE employer, He Chisheng Mike of Yakuts Investment in Matopo, Matabeleland South province, is accused of strangling his employee before dismissing him from work. Some of the workers told Southern Eye that they were terrified by the incident. They said Mike ran amok vandalising property before strangling Charles Muswaka. Muswaka said he reported the […]

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124 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
124 views 6 mins

Mavuradonha turf war rages on

A MAJOR turf war has erupted between more than 50 miners and the Muzarabani Rural District Council (MRDC) over access to rich chrome mining claims inside the Mavuradonha Wilderness. The miners, who include locals and foreign investors, accuse the local authority of denying them access to the claims even though they possess valid special mining […]

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162 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
162 views 4 mins

The US$12 billion mining sector curse

SHOCKING developments have rocked Zimbabwe’s mining sector lately. Swathes of mineral fields have been controversially parceled out to Chinese investors at a scale never seen before, even in colonial times. Chinese firms are scouring for minerals across the country, including in wildlife sanctuaries, over ancestral graveyards and on land reserved for rural settlements. Defenseless rural […]

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299 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
299 views 3 mins

Tanzania, Zimbabwe are main sources of Uganda’s gold – BoU

Unrefined gold imports from both Tanzania and Zimbabwe have pushed the two countries into becoming some of Uganda’s largest trade partners, according to data from Bank of Uganda. It is the first time trade between Uganda and Zimbabwe has stood out after decades of lukewarm postings, while the recent surge has elevated Tanzania as the […]

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