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Prospect Resources, developer of the Arcadia lithium plant near Harare, will build a smaller commercial scale pilot plant for only one of two locally available lithium varieties, because the route is a lower risk pathway to near term production. Lithium mining was designated as an integral part of the Government’s US$12 billion mining industry target […]

ZIMBABWE’S largest platinum group of metals (PGMs) producer, Zimplats Holdings Limited, has recorded a 79 percent increase in sales revenue for the half year ended December 31, 2020 after receipting close to US$675 million. The resources group reported that the jump was largely a result of increases in average metal prices and volumes of metal […]

AUSTRALIAN Lithium miner, Prospect Resources, says it has deferred a planned takeover of Farvic Consolidated Mines’ equity stake in Arcadia mine to the end of this year. Under the agreement inked about a year ago, Farvic will transfer its shares in the Zimbabwe-based mine to Prospect Resources. Farvic is Prospect Resources’ partner in the Arcadia […]

By Business Reporter –Sunday 28 February 2021 HARARE (Mining Index) – REMUNERATION and housing conflicts, loss of employment, evictions, no provision of water, cultural rights violation, lack of Personal Protective Equipment (PPE), increase in child labour, rising cases of commercial sex workers and involvement of state apparatus have been the order of the day at […]

Australian Stock Exchange listed miner, Zimplats, did not act on recommendations from experts that could have averted a high wall collapse which killed one worker, an internal report has shown. The platinum producer, which operates in the Ngezi area, recorded a fatal accident on February 14 when cherry picker operator Kudzanai Manyonganise was trapped by […]

Zimbabwe is losing millions of dollars through side marketing and smuggling of gold, Reserve Bank of Zimbabwe governor John Mangudya has said, as deliveries by small scale miners decline. Analysts, however, said government policies were promoting illicit financial flows and smuggling of gold outside the country.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-6565926412087023&output=html&h=280&slotname=9274382927&adk=1184440693&adf=2610811236&pi=t.ma~as.9274382927&w=708&fwrn=4&fwrnh=100&lmt=1614430349&rafmt=1&psa=1&format=708×280&url=https%3A%2F%2Fbusinesstimes.co.zw%2Fillicit-gold-trade-hits-zim%2F&flash=0&fwr=0&fwrattr=true&rpe=1&resp_fmts=3&wgl=1&adsid=ChEIgPjngQYQuJGo_8rjlvO9ARI9AB9XdL_VmHgt8ARhWhY79QY0OdS1IZ8ugU9bxfi-tobr_z-bmvMx51ipMJGq1i96krQDcxAjWN0Z_qj0yw&uach=WyJXaW5kb3dzIiwiMTAuMCIsIng4NiIsIiIsIjg4LjAuNDMyNC4xODIiLFtdXQ..&tt_state=W3siaXNzdWVyT3JpZ2luIjoiaHR0cHM6Ly9hZHNlcnZpY2UuZ29vZ2xlLmNvbSIsInN0YXRlIjozfSx7Imlzc3Vlck9yaWdpbiI6Imh0dHBzOi8vYXR0ZXN0YXRpb24uYW5kcm9pZC5jb20iLCJzdGF0ZSI6N31d&dt=1614430349035&bpp=5&bdt=1042&idt=5&shv=r20210224&cbv=r20190131&ptt=9&saldr=aa&abxe=1&cookie=ID%3D5c0070941c74629c-22e9208bbba600b4%3AT%3D1612653220%3ART%3D1612653220%3AS%3DALNI_MaGea2Zn2jkenkUoX2Rzq_mW9Gxeg&prev_fmts=0x0%2C708x280&nras=1&correlator=5058484396370&frm=20&pv=1&ga_vid=581457954.1614430348&ga_sid=1614430348&ga_hid=1023148348&ga_fc=0&u_tz=120&u_his=5&u_java=0&u_h=768&u_w=1366&u_ah=728&u_aw=1366&u_cd=24&u_nplug=3&u_nmime=4&adx=121&ady=1591&biw=1349&bih=625&scr_x=0&scr_y=0&eid=42530672%2C21067496&oid=3&pvsid=9129049215355&pem=803&ref=https%3A%2F%2Fbusinesstimes.co.zw%2Fcategory%2Fmining%2F&rx=0&eae=0&fc=1920&brdim=0%2C0%2C0%2C0%2C1366%2C0%2C1366%2C728%2C1366%2C625&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=8320&bc=31&jar=2021-02-27-12&ifi=3&uci=a!3&btvi=2&fsb=1&xpc=yyeyMwZTbI&p=https%3A//businesstimes.co.zw&dtd=16 Last year, gold output plummeted 31% to 19.052 tonnes […]

THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) yesterday claimed that negotiations for first quarter wage increments had stalled after the National Employment Council (NEC) for the mining industry and the Chamber of Mines  Zimbabwe (CoMZ) reportedly  turned down requests for meetings. Zdamwu general-secretary Justice Chinhema said the CoMZ had argued that inflationary pressures […]

GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars. Chitando’s move generally hiked mining fees by about 800%. But he courted a backlash from the Zimbabwe Miners Federation (ZMF), which consists of 1,5 million artisanal miners that have emerged […]

CAFCA, Zimbabwe’s sole cable manufacturer, says projects in mining, retail and utilities lifted its local sales volumes by 47% in the three months to December last year. Export volumes increased by 25% compared to the same quarter in the previous year. Cafca exports to Botswana, Mozambique, South Africa, Zambia and the Democratic Republic of Congo. […]