296 views
FEATURED
Mining Index Zimbabwe
- May 21, 2024
296 views 48 secs

Zimbabwe’s sole authorised buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start on September 30, General Manager Peter Magaramombe told miners Monday in the capital, Harare. “The system allows for real-time monitoring from bullion […]

308 views
FEATURED
Mining Index Zimbabwe
- May 21, 2024
308 views 3 mins

MASSIVE gold leakages have seen the country recording a 1,9% drop in output of the yellow metal in the first quarter of 2024, NewsDay has leant. With the Reserve Bank of Zimbabwe banking on increased gold output to shore up the recently introduced gold-backed Zimbabwe Gold (ZiG) currency, fears abound that the fall in output […]

347 views
FEATURED
Mining Index Zimbabwe
- May 20, 2024
347 views 25 secs

MINES Minister Winston Chitando has, on behalf of the Government of Zimbabwe, received an invitation to this year’s World Gold Council’s China Gold Congress, one of the biggest minerals conventions on the globe. The conference, set to be held in Shanghai at the National Convention Centre from July 26 to 28, brings together government officials, […]

504 views
FEATURED
Mining Index Zimbabwe
- May 20, 2024
504 views 3 mins

The Centre for Natural Resource Governance (CNRG) notes with concern a developing criminal case against five accomplices accused of stealing diamonds during a routine sale transaction at the RGM International Airport. This incident, reported by local media, reveals glaring governance and oversight loopholes in the sale of diamonds by a leading diamond mining company Anjin […]

539 views
FEATURED
Mining Index Zimbabwe
- May 20, 2024
539 views 2 mins

A LOCAL investor BER–Pig Iron and Steel Company (BPISC) has invested US$43,8 million to establish an iron ore processing plant in Redcliff, Midlands province. The company will run under a local consortium Berhard Development Corporation (PVT) Limited. Speaking on the sidelines of a business expo held in Kwekwe recently, BPISC chief executive Bernard Mutanga said […]

315 views
FEATURED
Mining Index Zimbabwe
- May 16, 2024
315 views 12 mins

Over the past year, Chinese companies which invested billions of dollars in the southern African nation of Zimbabwe have begun production and exports of lithium. This is an important development that must be carefully analysed to demonstrate how Zimbabwe could benefit immensely from trade with China while at the same time, leaving its mark on […]

138 views
FEATURED
Mining Index Zimbabwe
- May 16, 2024
138 views 4 mins

GROSS profit at the Victoria Falls Stock Exchange-listed Caledonia Mining Corporation more than doubled to US$13,8 million in the first quarter of this year due to higher gold revenue and lower production costs. Last year in the same period, profit stood at US$5,8 million. The mining giant produced 17 476 ounces of gold in the […]

238 views
FEATURED
Mining Index Zimbabwe
- May 16, 2024
238 views 3 mins

Padenga Holdings Limited, is on track to increase gold production while also achieving its 2024/25 crocodile skin contract volumes. The expected increase in gold production and fulfilling its crocodile skin contract volumes is set to leave the firm with increased foreign currency earnings, the company said. In its trading update for the first quarter of […]

207 views
FEATURED
Mining Index Zimbabwe
- May 16, 2024
207 views 3 mins

FIVE suspected diamond thieves went on a spending spree and one of them lost US$2 000 of his share at a soccer bet in Harare. This emerged at the Harare Magistrates Court yesterday when the suspects appeared before Harare Provincial Magistrate Apollonia Marutya yesterday. Marutya remanded the suspects Silas Chirume (54), Edward Jacob Gunda (62), […]

429 views
FEATURED
Mining Index Zimbabwe
- May 15, 2024
429 views 5 mins

RESOURCES concern RioZim Limited is redirecting its focus to find alternative power sources in a bid to stabilise production and bring the group out of its loss-making position. The strategy comes as the group saw an 870% increase in cost of sales to ZWL$190,68 billion in the year ended December 31, 2023, from a 2022 […]