329 views
FEATURED
Mining Index Zimbabwe
- October 2, 2018
329 views 4 mins

Investor discovers high-grade lithium in Shamva

By Business Reporter AUSTRALIAN listed concern, Six Sigma Metals Limited has identified high-grade lithium in a reverse circulation drilling program at its Shamva Lithium Project, with test results showing further signs of lithium. This comes barely a fortnight after another Australian based firm, Invictus Energy confirmed vast oil reserves in the Muzarabani area, located in […]

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

Government seeks investors for fuel dry port

 By Business Reporter GOVERNMENT is seeking investors to fund the construction of an inland fuel dry port, expected to ease a cocktail of challenges bedevilling the economy. In his presentation on Fiscal Measures for Reversing Fiscal Dis-equilibrium during the mid term monetary policy statement, Minister of Finance and Economic Development Prof. Mthuli Ncube said government […]

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262 views
FEATURED
Mining Index Zimbabwe
- October 2, 2018
262 views 3 mins

Electronic diamond exchange launched

By Business Reporter ZIMBABWE Consolidated Diamond Company (ZCDC) has launched a new diamond trading system that is expected to enhance security and bring transparency in selling of diamonds. Officially launched by the Minister of Mines and Mining Development Winston Chitando, the new innovation, Zimbabwe Electronic Diamond Trading System (ZEDTS) will see proper accountability in diamond […]

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222 views
FEATURED
Mining Index Zimbabwe
- October 2, 2018
222 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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231 views
FEATURED
Mining Index Zimbabwe
- October 1, 2018
231 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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239 views
FEATURED
Mining Index Zimbabwe
- September 30, 2018
239 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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294 views
FEATURED
Mining Index Zimbabwe
- September 29, 2018
294 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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435 views
FEATURED
Mining Index Zimbabwe
- September 27, 2018
435 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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248 views
FEATURED
Mining Index Zimbabwe
- September 26, 2018
248 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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420 views
FEATURED
Mining Index Zimbabwe
- September 25, 2018
420 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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