191 views
FEATURED
Mining Index Zimbabwe
- September 29, 2018
191 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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335 views
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Mining Index Zimbabwe
- September 27, 2018
335 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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198 views
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Mining Index Zimbabwe
- September 26, 2018
198 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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318 views
FEATURED
Mining Index Zimbabwe
- September 25, 2018
318 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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288 views
FEATURED
Mining Index Zimbabwe
- September 23, 2018
288 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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246 views
FEATURED
Mining Index Zimbabwe
- September 21, 2018
246 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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288 views
FEATURED
Mining Index Zimbabwe
- September 20, 2018
288 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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147 views
FEATURED
Mining Index Zimbabwe
- September 19, 2018
147 views 5 mins

Mining sector key to economic recovery: Mnangagwa

By Business Reporter PRESIDENT Emmerson Mnangagwa has said the mining sector is a key component to the country’s economic recovery efforts as can be evidenced by the output that has been realised so far. Addressing the first session of the 9th parliament of Zimbabwe, President Emmerson Mnangagwa acknowledged immense contribution from the mining sector which […]

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301 views
FEATURED
Mining Index Zimbabwe
- September 18, 2018
301 views 4 mins

Mine Entra 2018 preparations hit fever pitch

 By Business Reporter PREMIER mining trade show, Mine Entra has this year recorded a growth trajectory in exhibitors compared to last year as supplementary exhibition space has been availed to cater for the growing numbers. An additional exhibition hall has been opened with more external sites put to use as the number of bookings jostle […]

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147 views
FEATURED
Mining Index Zimbabwe
- September 17, 2018
147 views 3 mins

No takers for mining loans: ZWMB

By Business Reporter THREE months after Zimbabwe Women Microfinance Bank Limited (ZWMB) opened its doors to the public, no mining loans have been issued yet. Responding to questions sent by Mining Index, ZWMB Head of Retail Banking, Clara Mukosera revealed the bank has not yet recorded loans issued for mining purposes within the first quarter […]

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