News

 By Business Reporter HARARE (Mining Index) – THE third quarter of 2018 saw the Mineral Marketing Corporation of Zimbabwe (MMCZ) generating overall mineral tonnage of 1,380,466 metric tonnes, up 15% relative to the same period in 2017. The growth in mineral tonnage positively affected the corporations overall mineral revenue, which grew 6 percent to realise […]

By News Editor HARARE (Mining Index) – CALEDONIA Mining Corporation has now shifted its gear into reality mode regarding its position on the monetary situation in Zimbabwe, saying if the status quo remains unabated, it will potentially have adverse effects on the operations of its Zimbabwean subsidiary, Blanket Gold Mine. This is despite the mining […]

 By Business Reporter HARARE – (Mining Index) – Caledonia Mining Corporation has announced its acquisition of 15 percent Fremiro Investment shareholding in Blanket Gold Mine at a cost of US$16.667 million is expected to be completed soon. This means Caledonia will hold 64 percent of Blanket Gold Mine, making it the biggest shareholder. On August […]

By Business Reporter HARARE (Mining Index) – GOLD production at Blanket Mine has continued uninterrupted albeit foreign currency deficiencies suffocating the Zimbabwean economy. In an update on the monetary environment in Zimbabwe, Caledonia Mining Corporation acknowledged foreign currency shortages in Zimbabwe, but confirms that production at its Zimbabwean gold subsidiary, Blanket Mine was not affected. […]

By Business Reporter  MUTARE (Mining Index) – BUSINESS people in Manicaland have urged Zimbabwe Consolidated Diamond Company (ZCDC) to fully extract all mineral resources in the Marange diamond fields for greater value addition. ZCDC is sorely extracting conglomerate diamonds in Chiadzwa in the Eastern Highlands while exploration for kimberlite diamonds has also started. Dump from […]