369 views
FEATURED
Mining Index Zimbabwe
- August 20, 2021
369 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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255 views
FEATURED
Mining Index Zimbabwe
- August 19, 2021
255 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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153 views
FEATURED
Mining Index Zimbabwe
- August 19, 2021
153 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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449 views
FEATURED
Mining Index Zimbabwe
- August 19, 2021
449 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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251 views
FEATURED
Mining Index Zimbabwe
- August 18, 2021
251 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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318 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
318 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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125 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
125 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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354 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
354 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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373 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
373 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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331 views
FEATURED
Mining Index Zimbabwe
- August 16, 2021
331 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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