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

Fidelity wary of gold output target

Zimbabwe’s sole gold buyer, Fidelity Printers and Refiners (FPR) is cautious of reaching 27 tonnes of gold output this year due to the late interventions by the monetary authorities. Prior to the 5% incentives for those who deliver above 20 kilogrammes, removal of royalties and payment at the prevailing international gold prices rate, the gold […]

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208 views
FEATURED
Mining Index Zimbabwe
- August 18, 2021
208 views 3 mins

Copper: The job at hand for Hichilema

Copper accounts for over 70% of Zambian exports. This means that copper prices directly affect the country’s currency and inflation. When world copper prices fell during Lungu’s term, 15,000 mineworkers lost their jobs. This sparked violent protests, in which workers blamed Lungu for failing to protect them. This was a factor in Lungu’s poor results […]

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283 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
283 views 2 mins

Scientists predict downward trend in lithium-ion battery costs

A comparative published by researchers at the University of Münster states that battery costs are expected to continue to decline, even under pessimistic raw material price scenarios. According to the lead author of the study, Lukas Mauler, lithium-ion batteries have not yet reached their cost limit and the regression of system cost expectations shows a […]

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114 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
114 views 38 secs

Mozambique on ‘good track’ to sell certified diamonds

Mozambique’s cabinet meeting on Tuesday announced that the country is on the right track in complying with international procedures required for the sale of certified diamonds as part of the so-called Kimberley Process. “We are very advanced, we are in an advanced stage of compliance with the international certification requirements, we are on the right […]

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311 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
311 views 3 mins

At 6% up, gold deliveries to Fidelity remain underwhelming

12,779.29 kg delivered to FPR in the 7 months to July 2021 Small scale gold producers contributed 52.8% of the total gold deliveries Gold exports in 2021 forecasted to be higher than in 2020 On account of the recently introduced 2.5 – 5% gold delivery incentive Gold deliveries to Fidelity Printers and Refineries (FPR) remain […]

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340 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
340 views 2 mins

Zimplats parent sees FY21 earnings soaring to R35.8-R36.8 billion

Key Highlights Headline earnings expected to jump over 120% HEPS expected to increase between R45.64 and R46.91 Basic earnings of between R46.5BN and R47.5BN Full earnings report due on Sept. 2. On Monday, platinum group metals (PGMs) mining and marketing company Impala Platinum Holdings Limited (Implats) issued a trading update showing expected exponential growth in […]

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287 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
287 views 7 mins

Privatisation of FPR long overdue

Treasury chief professor Mthuli Ncube announced to Parliament that the government has found 10 gold companies that will have a majority shareholding in the country’s sole gold refinery, Fidelity Printers and Refiners  (FPR). The sale of a 60% stake is valued at US$49 million, while the Reserve Bank of Zimbabwe (RBZ) will retain 40% ownership […]

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394 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
394 views 8 mins

Mutoko villagers vow to fight off Chinese… say to resist eviction from ancestral lands

SCORES of disgruntled villagers in Mutoko are on a collision path with Chinese mining company, Shanghai Haoying Mining Investments, which is pushing for their eviction after being allocated black granite mining claims and rights to land straddling over 168 hectares. The planned evictions are likely to affect about 1 500 households, with villagers fretting over the […]

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1586 views
FEATURED
Mining Index Zimbabwe
- August 15, 2021
1586 views 19 mins

Top Ten US miners

Mining in the United States has played a significant role in the country’s development. Below is the annual top-ten list of the largest US-based mining companies ranked by market capitalization, as of July 7. Freeport-McMoRan Market capitalization: $52.7 billion Freeport-McMoRan’s Climax molybdenum mine in Colorado.  Freeport McMoRan (NYSE: FCX) moves to the top spot this year, […]

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288 views
FEATURED
Mining Index Zimbabwe
- August 15, 2021
288 views 27 secs

Copper price rises as supply worries return

Copper prices advanced on Friday after workers at Codelco’s Andina copper mine in Chile went on strike, raising supply disruption risks. Copper for delivery in September rose 1% from Thursday’s settlement price, touching $4.431 per pound ($9,748 per tonne) on the Comex market in New York. Click here for an interactive chart of copper prices Copper […]

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