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FEATURED
Mining Index Zimbabwe
- October 2, 2018
208 views 2 mins

Gold jewellers to enjoy 100 percent export proceeds

By Business Reporter GOLD jewellers will now enjoy 100 percent proceeds from jewellery exports following announcement by Reserve Bank of Zimbabwe (RBZ) governor Dr. John Mangudya. This means jewellers can now retain all foreign currency generated from their operations when using gold to produce their wares for both the domestic and international market. The previous […]

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197 views
FEATURED
Mining Index Zimbabwe
- October 1, 2018
197 views 4 mins

Zim’s Precious Metals output increase

By Business Reporter PRODUCTION of precious metals has been on an upward trajectory due to a cocktail of measures that have resulted in producers ramping up production. Gold, diamond, chrome and coal are ahead of the pack in terms of output as evidenced by statistics published during the first half of 2018. Presenting the mid-term […]

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232 views
FEATURED
Mining Index Zimbabwe
- September 30, 2018
232 views 7 mins

2018 Midterm monetary policy expected to address mining sector policies: Economic Analyst

 By Business Reporter THE Reserve Bank of Zimbabwe governor Dr John Mangudya is expected to deliver his maiden mid-term monetary policy review statement tomorrow, in the new dispensation led by President Emmerson Mnangagwa. On the eve of the monetary policy presentation, Mining Index caught up with Economic Analyst Persistence Gwanyanya, to discuss some of the mining […]

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249 views
FEATURED
Mining Index Zimbabwe
- September 29, 2018
249 views 3 mins

Zimplats resource tonnage plunges 51 percent

By Business Reporter IMPALA Platinum Holdings subsidiary, Zimplats recorded 51 percent decline in total mineral resource tonnage after ceding half of its land to government. Total platinum ounces were also affected, falling 47 percent. In a statement released on 12 September 2018, Zimplats announced mineral reserves of its resources and ores based on estimates held […]

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386 views
FEATURED
Mining Index Zimbabwe
- September 27, 2018
386 views 2 mins

Vermiculite, an alternative to asbestos

By Own Correspondent  VERMICULITE is fast replacing asbestos, with potential to redefine the country’s manufacturing and construction sectors owing to its key value propositions. In applications where asbestos is used, vermiculite is coming in to replace minerals it has similar properties and functions. As an inert, lightweight with high tensile strength, vermiculite is an insulator […]

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234 views
FEATURED
Mining Index Zimbabwe
- September 26, 2018
234 views 3 mins

Australian company confirms Zimbabwe’s oil potential

By Business Reporter AUSTRALIAN exploration company, Invictus Energy has confirmed oil potential in the Muzarabani area, a development that could save the country millions of dollars currently being channelled towards oil importation. In the first four months of 2018, the Reserve Bank of Zimbabwe (RBZ) allocated U$474 million towards fuel importation which was above the […]

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381 views
FEATURED
Mining Index Zimbabwe
- September 25, 2018
381 views 3 mins

Zimplats wins US$9.6 million lawsuit

By Business Reporter PLATINUM producer, Zimbabwe Platinum Mines (Zimplats) has won a US$9.6 million lawsuit against Zimbabwe Revenue Authority (ZIMRA) over selected customs duty rebates, including penalties levied between 2009 and 2013. Zimplats Holdings Limited, Chief Executive Officer Alex Mhembere, announced that “As the operating subsidiary had previously settled the disputed liabilities on a without […]

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327 views
FEATURED
Mining Index Zimbabwe
- September 23, 2018
327 views 55 secs

Sabi Gold Mine to double output

By Own Correspondent GOVERNMENT-owned Sabi Gold Mine is targeting to double production by end of 2019 owing to capital injections by its investor. Chandiwana Mining Corporation is majority shareholder with 51 percent stake, made fresh capital injection to resuscitate Sabi Gold Mine which was placed under judicial management in 2011. Statistics made available during the […]

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271 views
FEATURED
Mining Index Zimbabwe
- September 21, 2018
271 views 2 mins

Government to commission US$100m diamond plant

By Business Reporter PRESIDENT Emmerson Mnangagwa is expected to commission a US$100 million conglomerate diamond plant in Chiadzwa within the last quarter of the year. The Zimbabwe Consolidated Diamond Company (ZCDC) was formed following the March 2015 Government decision to consolidate all diamond mining companies in Zimbabwe to form a wholly owned Government Company. Responding […]

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332 views
FEATURED
Mining Index Zimbabwe
- September 20, 2018
332 views 3 mins

ZCDC sells diamonds worth US$28.3 million

By Business Reporter ZIMBABWE Consolidated Diamond Company (ZCDC) has sold 423,066.43 carat diamonds via the tender process, generating about US$28.3 million for the country Addressing media on the resumption of diamond sales by ZCDC through the Minerals Marketing Corporation of Zimbabwe (MMCZ), Mines and Mining Development minister Winston Chitando was over the moon regarding success […]

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