210 views
FEATURED
Mining Index Zimbabwe
- August 21, 2024
210 views 41 secs

Zimbabwe renews ban on riverbed mining to protect water sources

Zimbabwe has banned riverbed alluvial mining with immediate effect to protect the environment, a move that could impact many of the country’s gold miners. Agriculture Minister Anxious Masuka made the announcement after a cabinet meeting on Tuesday, adding that enforcement measures will be put in place to ensure compliance. Since 2011, Zimbabwe has allowed large […]

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326 views
FEATURED
Mining Index Zimbabwe
- August 20, 2024
326 views 3 mins

Chinese copper exports fall from record as local demand rebounds

Chinese copper exports dropped last month from an all-time high, as domestic buyers took advantage of the metal’s rapid retreat in price. Exports of unwrought copper and products fell 40% from June to 140 940 tons, according to customs data on Sunday. Still, that’s nearly double the level of the previous year, with outbound shipments […]

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135 views
FEATURED
Mining Index Zimbabwe
- August 20, 2024
135 views 2 mins

Gold bars are worth a million dollars for the first time

For the first time ever, a bar of gold is worth a cool one million dollars. The milestone was reached Friday, when the precious metal’s spot price surpassed $2 500 per troy ounce, an all-time high. With gold bars typically weighing about 400 ounces, that would make each one worth more than $1-million. There are […]

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344 views
FEATURED
Mining Index Zimbabwe
- August 20, 2024
344 views 5 mins

Chinese miner, residents find each other

A BULAWAYO-BASED Chinese quarry mine, which has for some time been at loggerheads with locals and other stakeholders over its mining activities, says it has made concerted efforts to address a plethora of concerns. Hualin Investments was given the nod to set up the quarry mine in Pumula North, Bulawayo, in 2021 by the city […]

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707 views
FEATURED
Mining Index Zimbabwe
- August 19, 2024
707 views 29 secs

Zambian police bust Chinese nationals smuggling 29kg gold, US$200k cash from Zimbabwe

POLICE in Lusaka, Zambia, on a swoop codenamed ‘Operation Kutwa’ have reportedly recovered 29 kilogrammes of gold and US$200 000 cash from two Chinese nationals, who had smuggled the contraband through Chirundu Border Post. According to latest media reports, two Chinese nationals were nabbed for illegal possession of gold bullions and cash. The duo, identified […]

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477 views
FEATURED
Mining Index Zimbabwe
- August 16, 2024
477 views 4 mins

MetalsGrove ditches lithium mining in Zim

Australian-listed miner, MetalsGrove Mining Limited (MetalsGrove), says it is relinquishing its lithium projects in Zimbabwe following disappointing exploration results in its claims at Arcturus and Beatrice, both located in Mashonaland East Province. The company, which saw its market capitalisation rise to a peak of US$5,61 million in May after announcing the acquisition of these lithium […]

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243 views
FEATURED
Mining Index Zimbabwe
- August 16, 2024
243 views 4 mins

Caledonia boss speaks on BlackRock’s strategy

CALEDONIA Mining Corporation PLC (Caledonia) has revealed that the recent increase in share purchases by American asset management giant, BlackRock Inc. (BlackRock), is primarily due to its inclusion in the Russell 3000 Index, rather than being driven by the company’s individual performance. BlackRock, the world’s largest asset manager with total assets under management of US$10,64 […]

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320 views
FEATURED
Mining Index Zimbabwe
- August 15, 2024
320 views 8 mins

Chief in bribery storm – demands US$5k, house, car from cement plant’s Chinese investors

A HURUNGWE traditional leader is embroiled in a bribery storm after allegedly demanding a bribe from Chinese investors intending to set up a US$1billion cement manufacturing plant and thermal power station in the area. Three chiefs, namely Chanetsa, Nematombo and Dendera, born Elfas Dendera, reportedly have interests in the mega project, which is set to […]

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273 views
FEATURED
Mining Index Zimbabwe
- August 14, 2024
273 views 26 mins

Chinese cement manufacturer killing Redcliff residents slowly

AIR pollution caused by a Chinese cement manufacturer operating close to a residential area in the Midlands town of Redcliff could have contributed to the death of several persons due to silicosis, The NewsHawks can reveal. The company, Livetouch (Pvt) Ltd, through its subsidiary Diamond Cement, is emitting huge amounts of dust that contain silica, […]

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182 views
FEATURED
Mining Index Zimbabwe
- August 14, 2024
182 views 3 mins

Dinson targets late 2024 for steel production

STEEL producer Dinson Iron and Steel Company (Disco) plans to begin commercial steel production later this year or early 2025, with an ambitious target of 600 000 tonnes annually and projected revenue of US$1 billion. Disco is one of four subsidiaries under Zhejiang Dinson Holding Co. Ltd (Dinson), whose parent company is the China-based steel […]

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