147 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
147 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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220 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
220 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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354 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
354 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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410 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
410 views 4 mins

Zimbabwean Africa’s biggest steel plant ready for take off

SEVERAL arms of Government in the Midlands Province say they are ready to smoothen the way for the birth of the US$1 billion Mvuma steel plant expected to be commissioned next year. Set to be Africa’s biggest steel plant, the project will employ over 6 000 people. The ground-breaking ceremony, undertaken by a local subsidiary […]

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278 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
278 views 2 mins

New Zambian Leader Could Unlock $2 Billion Mining Investment

Copper producers are ready to start expansion projects worth $2 billion in Zambia next year, if the industry can reach an agreement on royalties with president-elect Hakainde Hichilema’s new administration. Companies including First Quantum Minerals and EMR Capital are ready to raise funding for the projects, while other producers need to spend “hundreds of millions […]

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570 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
570 views 2 mins

Baldmin diversifies into gold mining

Engineering firm, Baldmin Holdings, has diversified into gold mining following the successful acquisition of gold concessions in Chegutu and Kadoma. The company has also acquired a 30% shareholding in Chandiwana Mines which partly owns Zvishavane based gold producer, Sabi Gold Mine. Baldmin Holdings CEO Costa Takawira said the company has since splurged about US$2.8m on […]

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291 views
FEATURED
Mining Index Zimbabwe
- August 20, 2021
291 views 6 mins

Kuvimba Seizes Significant Stake In Fidelity Printers

ONE of the biggest gold producers in Zimbabwe, Kuvimba Mining House, is expected to be a key shareholder in Fidelity Printers and Refiners (FPR). FPR is a subsidiary of the Reserve Bank of Zimbabwe (RBZ). According to Finance Minister Mthuli Ncube, the government has agreed that 10 gold miners would buy 60% of FPR to […]

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326 views
FEATURED
Mining Index Zimbabwe
- August 20, 2021
326 views 9 mins

Funding constraints threaten mining targets

Finance minister Mthuli Ncube might remain confident the mining sector will perform positively in 2021 after having projected in November last year the industry will grow by 11% in the current year before revising it recently to 2%, largely driven by planned expansion projects across minerals, but analysts warned funding problems could upset the sector. […]

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236 views
FEATURED
Mining Index Zimbabwe
- August 19, 2021
236 views 5 mins

How much gold is there left to mine in the world?

In August 2020, the price of gold hit a record high, pushing above $2,000 (£1,575) an ounce. While this price rise was driven by gold traders, it begs the question about the supply of the precious metal, and when it will eventually run out. Gold is in hot demand as an investment, a status symbol, […]

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139 views
FEATURED
Mining Index Zimbabwe
- August 19, 2021
139 views 4 mins

Call to extend PGM beneficiation deadline

Zimbabwe should extend the platinum group metals (PGM) beneficiation deadline amid revelations miners are battling to sustain critical production levels, a leading research firm has warned. SFA (Oxford) Limited, which was engaged by the Platinum Producers Association to do an independent assessment, said platinum miners were scrambling to secure investments to maintain production profiles, meaning […]

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