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FEATURED
Mining Index Zimbabwe
- August 16, 2021
93 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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261 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
261 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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286 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
286 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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213 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
213 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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327 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
327 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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1548 views
FEATURED
Mining Index Zimbabwe
- August 15, 2021
1548 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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200 views
FEATURED
Mining Index Zimbabwe
- August 15, 2021
200 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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174 views
FEATURED
Mining Index Zimbabwe
- August 15, 2021
174 views 7 mins

Mystery over diamond revenue

By Business Reporter – Sunday 15 August 2021 ANALYSIS (Mining Index) – THE diamond industry is projected to contribute US$1 billion towards the targeted US$12 billion mining revenues annually by 2023. While Fidelity Printers and Refiners (FPR) has constantly made available gold production statistics both by Artisanal and Small-scale Miners (ASM) and primary producers, it […]

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169 views
FEATURED
Mining Index Zimbabwe
- August 14, 2021
169 views 14 mins

Zimbabwean engineer runs Afghanistan’s gemology plant

A ZIMBABWEAN engineer, Clever Sithole (CS), last year made history when he was appointed head gemologist at a United States Agency for International Development (USAID)-funded gemstone processing project in Afghanistan. A mining and mineral processing engineering graduate from the Midlands State University (MSU)’s satellite Manicaland State University, Sithole this week shared his experiences in the […]

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337 views
FEATURED
Mining Index Zimbabwe
- August 14, 2021
337 views 2 mins

Caledonia’s new shaft lifts record ore tonnage, earnings double

Caledonia Mining’s investment in a new shaft at Blanket Mine is starting to show results; ore tonnage reached new records in the second quarter, helping the company double earnings for the period. The company commissioned a central shaft earlier this year, and in the three months to June, Blanket mined and milled 165,000 tonnes of […]

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