359 views
FEATURED
Mining Index Zimbabwe
- March 31, 2024
359 views 3 mins

Nigeria to grant mining licences only to companies that process locally

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed. This signals a shift from Nigeria’s decades-old policy of exporting raw materials as African governments take steps to extract more value from their solid mineral deposits. […]

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269 views
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Mining Index Zimbabwe
- March 30, 2024
269 views 4 mins

ZESA warns of mining threat to critical substation

ZESA Holdings has raised serious concerns about mining activities taking place near the Marvel Substation in Bulawayo. This substation is critical for distributing electricity to the city, the country, and parts of the southern African region. The power utility warns that these mining activities could cause the substation’s building to collapse and destroy electrical equipment, […]

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267 views
FEATURED
Mining Index Zimbabwe
- March 30, 2024
267 views 5 mins

Caledonia’s 2023 full-year performance in line with expectations

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production guidance. Gross revenue was $146.3-million, 3% higher than in 2022, owing to a 7.8% increase in the average realised price of gold sold. Gross profit […]

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200 views
FEATURED
Mining Index Zimbabwe
- March 30, 2024
200 views 2 mins

Russia confirms deal to buy part of Alrosa’s output

Russia will regularly buy diamonds from sanctions-hit producer Alrosa through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia’s diamond exports may be having some impact. The EU and Group of Seven (G7) countries agreed to ban direct imports of Russian diamonds to their markets as of […]

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324 views
FEATURED
Mining Index Zimbabwe
- March 30, 2024
324 views 5 mins

PPC faces contrasting outlook in SA and Zimbabwe

CEMENT manufacturer PPC faces contrasting fortunes in its home and regional markets, with its South African outlook remaining subdued against positive prospects from its debt free Zimbabwe operations, with earnings before interest, tax, depreciation and amortisation (Ebitda) improving to 13.6% in the 10 month period to the end of January. In January, PPC disposed of […]

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253 views
FEATURED
Mining Index Zimbabwe
- March 30, 2024
253 views 3 mins

Miners for ED in health and safety awareness drive to curb occupational deaths, injuries

IN a bid to complement government efforts in scaling up health and safety consciousness among small-scale and artisanal miners, Miners for Economic Development (Miners for ED) Mashonaland West Chapter has embarked on massive educational awareness campaigns to ensure zero or minimal mine accidents. The latest campaign was held at Rowdy Boys 4 Mine, situated 3km […]

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558 views
FEATURED
Mining Index Zimbabwe
- March 30, 2024
558 views 5 mins

Zimbabwean geologist makes groundbreaking discovery of world’s largest gold resource, valued at billions.

PhD recipient Dr Steve Chingwaru’s groundbreaking research in geomatallurgy is turning heads. At just 26, he’s uncovered potentially the world’s largest invisible gold resource, valued at R450 billion. Obtaining a PhD at 26 is already a massive achievement, but what makes Chingwaru’s graduation from Stellenbosch University (SU) even more remarkable is his groundbreaking geomatallurgy research […]

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394 views
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Mining Index Zimbabwe
- March 29, 2024
394 views 2 mins

Bindura Nickel projects decline in profitability

BINDURA Nickel Corporation Limited (BNC) has projected a decline in profitability for the rest of financial year 2024 (FY2024) due to the protracted shutdown of Trojan Nickel Mine, coupled with the low nickel prices prevailing on the global markets. In a cautionary announcement and profit warning statement, BNC managing director Thomas Lusiyano said the decline […]

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518 views
FEATURED
Mining Index Zimbabwe
- March 28, 2024
518 views 2 mins

More gold buying centres bearing fruit

Zimbabwe’s sole buyer and marketer of gold, Fidelity Gold Refinery (FGR) says the decision to establish more gold centres and providing financing to support artisanal and small-scale mining operations is positively making a substantial impact towards meeting predefined goals. FGR general manager, Peter Magaramombe confirmed that there are now 17 gold centres across the country, […]

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189 views
FEATURED
Mining Index Zimbabwe
- March 28, 2024
189 views 3 mins

Lithium miners race against time to submit beneficiation plans

Zimbabwe’s lithium miners are racing against time to submit their beneficiation plans to government before this week’s deadline. The government seeks to tap into substantial mineral revenue that can be earned from the beneficiation of critical minerals, thus it has given the mining corporations until this Sunday, March 31, 2024, to submit their beneficiation plans. […]

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