472 views
FEATURED
Mining Index Zimbabwe
- February 9, 2023
472 views 4 mins

Watchdog allays backlash fears after royalty hike

THE region’s leading resource campaigners have thrown their weight behind Zimbabwe’s move to hike royalties for two key minerals, saying the country must benefit from its mineral resource base. Starting January 1, 2023, government increased platinum group metals (PGMs) royalties by 180 percentage points to 7%, from 2,3% previously, while those for lithium — Zimbabwe’s […]

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117 views
FEATURED
Mining Index Zimbabwe
- February 9, 2023
117 views 2 mins

Embattaled NRZ turns to selling land for recapitalisation

FINANCIALLY hamstrung National Railways of Zimbabwe (NRZ), has resorted to selling its land to boost recapitalisation efforts as it looks to raise funds to procure locomotives and wagons. NRZ has turned to its vast land which will be subdivided into residential and commercial stands at market value. The parastatal has been failing to service its […]

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259 views
FEATURED
Mining Index Zimbabwe
- February 8, 2023
259 views 2 mins

Burkina Faso junta to strengthen control over mining sector

Burkina Faso’s military rulers are seeking to process more of its gold locally to ensure control over the country’s main source of revenue following a drop in output. Production sank 15% last year as the government battled a sprawling Islamist insurgency, with attacks increasingly targeting the mining industry. The West African nation, which exports the […]

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235 views
FEATURED
Mining Index Zimbabwe
- February 8, 2023
235 views 4 mins

Africa must invest in geomapping, energy, transport, education to exploit new mining boom

South African Council for Geoscience CEO Moses Mabuza has called for greater investment in geomapping in Africa. He was participating in a panel discussion at the Investing in African Mining Indaba, in Cape Town, on Monday. It was important, he said, that there be discussions and cooperation concerning the mapping of the continent’s geological resources. […]

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124 views
FEATURED
Mining Index Zimbabwe
- February 8, 2023
124 views 3 mins

Australians mount fresh Zim drilling campaign

AUSTRALIA-BASED Prospect Resources on Monday said it had mounted the second phase of a crucial diamond drilling campaign at Step Aside lithium project, east of Harare. This comes as the firm shifted focus after selling Arcadia Mine to a Chinese firm last year, in a US$378 million deal. In a market update, managing director Sam […]

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666 views
FEATURED
Mining Index Zimbabwe
- February 8, 2023
666 views 9 mins

INTERVIEW | Dallaglio CEO Marc Nicolle: After reviving a mine that was idle for 20 years, what’s next for this gold producer?

In 2000, Eureka Mine in Guruve stopped operations after Delta Gold left Zimbabwe. In 2018, Dallaglio, the mining arm of Pdenga Holdings, took over and invested over US$50 million. In 2021, the mine was brought back to production for the first time in two decades. Padenga used to rely on crocodile skins, but mining now […]

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219 views
FEATURED
Mining Index Zimbabwe
- February 7, 2023
219 views 58 secs

Caledonia Mining gold resource base up 52%

CALEDONIA Mining Corporation Plc says its gold resource base has increased by 52% on the back of lucrative surging gold output as the miner’s productivity profile continues to surge. The company said it has boosted the gold resource base at its 64%-owned Blanket mine in Zimbabwe. The total measured and indicated resources estimate at Blanket, […]

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176 views
FEATURED
Mining Index Zimbabwe
- February 6, 2023
176 views 3 mins

UK-based Vast Resources commends Zim Govt as share shoots on diamond row deal

LONDON based mining and resource development company, Vast Resources has hailed President Emmerson Mnangagwa’s administration for commitment in resolving legacy issues at a time when the miner’ share price has gone up. This follows the successful resolution of the firm’s trapped diamonds saga which has dragged on since 2009. The gems have been held in […]

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186 views
FEATURED
Mining Index Zimbabwe
- February 6, 2023
186 views 3 mins

PPC waves away speculation that it could sell profitable Zimbabwe unit

Cement company PPC has played down social media rumours that it plans to sell its Zimbabwe unit, one of its most profitable divisions. The company says it receives regular unsolicited offers for some of its units, but suggested it has no immediate such plans for Zimbabwe. “PPC Ltd notes the recent social media speculation regarding […]

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316 views
FEATURED
Mining Index Zimbabwe
- February 3, 2023
316 views 5 mins

Gold deliveries to hit 40t

STATE-owned gold buyer, Fidelity Gold Refinery (FGR) is bullish on hitting a 40-tonne gold delivery target in 2023 buoyed by new gold mining projects coming into production as well as continuous policy interventions from the government, the Zimbabwe Independent can reveal. The country’s gold deliveries to the FGR have continued to soar with the government’s […]

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