News

Prospect Resources Limited announcement on Friday of its plans to build a floatation pilot plant at Arcadia Mine near Harare to process bulk samples for its lithium markets globally, demonstrates more than just the progress the project is making. The lithium company is listed on the Australia stock exchange and is based in Perth but […]

By Business Reporter – Tuesday 17 November 2020 HARARE (Mining Index) – THE National Development Strategy 1 (NDS1), government’s economic blueprint running from 2021 to 2025 is set to expedite the formulation of Rare Earths Minerals Policy. Global demand for  rare earth elements (REEs) has grown significantly in recent years driven by the increased use […]

A crocodile skin and meat company investing in a gold mine drew a lot of side-eyes last year. But Padenga Holdings’ investment in Dallaglio is now looking like a case of good timing. Dallaglio, the new owners of Eureka Mine, have spent US$23 million on rehabilitating the operation. They plan to spend an additional US$26 […]

THE Government is committed to impart requisite technical skills needed in capacitating miners towards fulfilling their production obligations that will in turn spur the attainment of the US$12 billion mining sector milestone. This came up at a training workshop for miners that is being coordinated by the Minerals and Marketing Corporation of Zimbabwe (MMCZ) in […]

LISTED miner RioZim Limited has withdrawn its June and July cautionary statements in which it warned of the impact of delayed gold payments, saying engagements with the central bank over the matter have been fruitful. In June and July this year, RioZim said it was owed US$2,4 million and $65,5 million by Reserve Bank of […]

…..Payment delays cited…..Gold producers to dump Fidelity Printers Zimbabwe could have lost more than US$1.8bn in the first 10 months of the year largely due to gold smuggling triggered by payment delays for the yellow metal delivered to Fidelity Printers and Refiners (FPR) and other unfavourable mining policies, estimates show. Gold miners this week said […]

Resource confirmation work ongoing at Bravura Zimbabwe (Pvt) Limited’s platinum project in Mashonaland West province, is unearthing investment compelling data that is expected to give impetus to the mining venture, mine management has said. Bravura Zimbabwe (Pvt) Limited signed a platinum mining project with the Government of Zimbabwe last year at a function that was […]

Zimbabwe’s gold export receipts tumbled 23% in the first 10 months of this year to US$697m from US$906.7m earned in the same period last year due to low deliveries amid fears of rampant smuggling as miners protested against low retention levels. Cumulative gold deliveries figure up to October 2020 fell 30% to 16.12 tonnes compared […]

Zimasco has resumed ferrochrome production after having suspended production for seven months at its plants  following a rise in global prices due to the coronavirus. The challenges were compounded by internal factors including high operating costs that made running of the furnaces unviable. Covid-19 surfaced in late 2019 in China and became a full-blown crisis […]