171 views
FEATURED
Mining Index Zimbabwe
- March 4, 2024
171 views 15 mins

Platinum group metals (PGMs) mining, refining, and marketing company Implats, which reported solid production in a low-price environment last week, is ironically still experiencing strong demand for all major PGMs with the exception of ruthenium. The group generated half-year earnings before interest, taxes, depreciation and amortisation of R8.4-billion, headline earnings of R3.3-billion, or 365c a […]

259 views
FEATURED
Mining Index Zimbabwe
- March 2, 2024
259 views 43 secs

Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the US and China and competition from lab-grown gems increased. Debswana, equally owned by Botswana and Anglo American’s De Beers, sells 75% of its […]

350 views
FEATURED
Mining Index Zimbabwe
- March 2, 2024
350 views 2 mins

The Canadian government on Friday announced restrictions on indirect imports of Russian diamonds weighing 1 carat and above in a coordinated move with other Group of Seven (G7) countries. The latest restriction adds to a ban on Russian diamonds announced in December and will provide Canadians “additional assurance that the diamonds that they purchase are […]

303 views
FEATURED
Mining Index Zimbabwe
- March 2, 2024
303 views 2 mins

Permanent secretary in the Ministry of Energy and Power Development, Gloria Magombo has challenged stakeholders in the energy sector to make use of the country’s vast clean energy sources towards sustainably attaining the country’s development goals. Speaking at an opening cocktail of the International Renewable Energy Conference -organised by The Standard, one of three publications […]

91 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
91 views 6 mins

The European Union has opened the door for local firms to access €150 billion (about US$162,55 billion) in funding opportunities from the bloc for power projects that could solve Zimbabwe’s energy crisis. EU’s top diplomat to Harare, Jobst von Kirchman, who spoke exclusively to the Zimbabwe Independent at the 5th International Renewable Energy Conference and […]

183 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
183 views 2 mins

Impala Platinum (Implats) is delaying projects in Zimbabwe, including a base metal refinery and a 185MW solar plant, in response to falling platinum prices. In 2021, Impala’s Zimbabwe unit Zimplats announced a US$1.8 billion expansion plan, the single largest investment commitment into Zimbabwe in years. But Implats now has to delay some of the projects […]

251 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
251 views 5 mins

Construction of Zimbabwe’s second petroleum pipeline, which its proponents say could transform the country into a regional fuel hub, is predicated on finalising agreements with neighbouring countries involved in the multi-billion-dollar plan, the deal maker told the Zimbabwe Independent this week. Over the past 13 years, implementation of the US$3 billion strategic project, which involves […]

355 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
355 views 5 mins

THE Zimbabwe Energy Regulatory Authority (Zera) is crafting a framework that will dictate how electric vehicle (EV) charging ports are created and used in the country as government moves to promote e-mobility. The EV market is projected to reach US$623,3 billion globally by end of this year as countries increasingly move away from combustion engine […]

430 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
430 views 4 mins

PLATINUM Group Metals (PGM) miner Zimplats Holdings has spent US$702,1 million during the half year ended December 31, 2023 towards major capital projects, including the development of Mupani Mine and Bimha Mine upgrade. In its half year report for the period ended December 31, 2023, the platinum miner said the Mupani and Bimha mine projects […]

552 views
FEATURED
Mining Index Zimbabwe
- March 1, 2024
552 views 3 mins

UNKI Mine is embroiled in a nasty land dispute with the Shurugwi Town Council. Unki has approached the courts seeking recourse after the town council allegedly changed goalposts on the land that it had sold to the mine. Unki Mine cited Shurugwi council and Justice Ahmed Ebrahim as the respondents in the matter. According to […]