292 views
FEATURED
Mining Index Zimbabwe
- August 26, 2024
292 views 5 mins

Global refined copper surplus swells in first half of 2024 — report

The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data from the International Copper Study Group (ICSG) shows. According to the group’s August 2024 bulletin, global mine production grew 3.1% during the January-June period, benefiting […]

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228 views
FEATURED
Mining Index Zimbabwe
- August 26, 2024
228 views 4 mins

Scramble for critical minerals spurs an African rail revival

Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its center. From Angola on the continent’s west coast to Tanzanian on the east, governments and investors are readying to revive decades-old rail lines that have fallen […]

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232 views
FEATURED
Mining Index Zimbabwe
- August 26, 2024
232 views 3 mins

Prospect Lithium Zimbabwe sinks US$2million to support Goromonzi community

PROSPECT Lithium Zimbabwe (PLZ) has sunk US$2 million into a number of Corporate Social Responsibility (CSR) programmes, which have gone a long way to uplift the Goromonzi community. PLZ is a subsidiary of China’s Zhejiang Huayou Cobalt Limited, one of the world’s largest energy lithium-ion battery materials and new cobalt materials producer. Huayou bought the […]

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221 views
FEATURED
Mining Index Zimbabwe
- August 26, 2024
221 views 3 mins

Invictus Energy changes designation to developer

AUSTRALIAN energy firm, Invictus Energy Limited, has changed its designation to developer from explorer as it transitions to a producer, leveraging its gas and oil discovery in north-east Zimbabwe. In late 2023, Invictus declared multiple high-quality gas-condensate discoveries at the Mukuyu Gas Field, in the upper and lower Angwa formations while drilling at its Cabora […]

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212 views
FEATURED
Mining Index Zimbabwe
- August 26, 2024
212 views 4 mins

Zimplats takes massive 96% hit to profit after tax in FY24

PLATINUM group metals miner (PGMs), Zimplats Holdings Limited, has recorded a 96% drop in profit after tax to US$8,22 million for the year ended June 30, 2024, owing to lower revenues during the period. The drop is from a comparative of US$205,46 million earned last year. During the period under review, global commodity prices declined […]

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527 views
FEATURED
Mining Index Zimbabwe
- August 21, 2024
527 views 4 mins

Bravura starts shipping Kamativi lithium plant components

BRAVURA Mining consortium has commenced shipment of components for its Kamativi lithium processing plant manufactured in South Africa. The arrival of the separation plant, manufactured by Manhattan Corporation of South Africa, coincides with the ongoing civil works for the plant foundations and other ancillary structures. The project, owned by Nigerian billionaire Benedict Peters, is one […]

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503 views
FEATURED
Mining Index Zimbabwe
- August 21, 2024
503 views 8 mins

Zimplats’ revenues fall on softer metal prices

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial year on June 30. The company attributed this decline to the softening of average dollar metal prices during the period. The gross revenue per […]

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353 views
FEATURED
Mining Index Zimbabwe
- August 21, 2024
353 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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446 views
FEATURED
Mining Index Zimbabwe
- August 20, 2024
446 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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185 views
FEATURED
Mining Index Zimbabwe
- August 20, 2024
185 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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