250 views
FEATURED
Mining Index Zimbabwe
- October 27, 2022
250 views 2 mins

Copper retreats on projected demand slowdown

Copper prices slipped on Tuesday as the market focused on slowing growth and demand around the world, though some price support was provided by low stock levels in warehouses registered with the London Metal Exchange (LME). Benchmark copper on the LME was down 1.5% at $7 445 a tonne in official open-outcry trading. Prices of […]

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165 views
FEATURED
Mining Index Zimbabwe
- October 25, 2022
165 views 33 secs

SA national in gold buying scam

A SOUTH AFRICAN man with three names, Peter Coetzee, Van Tinder Vikus, and Johannes Jacobus Cornelius Naude yesterday appeared at the Harare Magistrates Court facing charges of duping local gold dealers of US$154 000. Naude (54) of Pretoria, who was represented by lawyer Lucky Mauwa, was arraigned before magistrate Taurai Manuwere who remanded him in […]

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317 views
FEATURED
Mining Index Zimbabwe
- October 24, 2022
317 views 2 mins

Nzenza speaks on Zisco

Industry and Commerce minister Sekai Nzenza has broken silence on reports that she branded the current ZiscoSteel board as a failure in its quest to secure investment for the parastatal for the past six years. This follows reports that Nzenza expressed dissatisfaction with the performance of the ZiscoSteel board of directors. ZiscoSteel halted operations more […]

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439 views
FEATURED
Mining Index Zimbabwe
- October 22, 2022
439 views 3 mins

Total Eren in talks with Karo for 300MW solar plant at new platinum mine

Tharisa is in talks with French energy company Total Eren for a 300MW solar plant for Karo Platinum, a new mine being developed near Selous. Land has been allocated for the solar farm and the company will feed excess energy into the national grid, Karo MD Bernard Pryor says. “We have already allocated the land, […]

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297 views
FEATURED
Mining Index Zimbabwe
- October 22, 2022
297 views 2 mins

Chinese billionaire eyes Zisco partnership

A DELEGATION from the Chinese steel manufacturing giant, Delong Steel, was in the country this week scouting for investment opportunities with the possibility of the company entering into a partnership with one of Zimbabwe’s largest mining companies, Kuvimba Mining House (Kuvimba) for the revival of the defunct Zimbabwe Iron and Steel Company (Ziscosteel). The delegation, […]

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231 views
FEATURED
Mining Index Zimbabwe
- October 19, 2022
231 views 2 mins

Spirited defence of African oil and gas at opening of energy conference

he African oil and especially gas sector received a spirited defence from African Energy Chamber chairperson NJ Ayuk on Tuesday. He was giving the opening address at Africa Energy Week 2022, in Cape Town. He highlighted that energy drove civilization, but that the energy industry was the one that now suffered the most criticism, the […]

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396 views
FEATURED
Mining Index Zimbabwe
- October 18, 2022
396 views 41 secs

Zambia restricts number of mining licenses per company to five

Zambia, Africa’s second-largest copper producer, said on Monday the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country’s licensing system. The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public […]

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488 views
FEATURED
Mining Index Zimbabwe
- October 18, 2022
488 views 10 mins

Zimbabwe gold: new entrant, new strategy, new potential

The formal gold mining sector in Zimbabwe is really dominated by one mining player – Caledonia Mining Corporation. But this is set to change. A company previously focused on oil and gas has changed its name and is looking to establish a prominent mining position in the country with a strategy that differs slightly from […]

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315 views
FEATURED
Mining Index Zimbabwe
- October 18, 2022
315 views 4 mins

Zimbabwe will ‘maximise’ mineral reserves before using them to clear debt

Zimbabwe will not rush to use mineral reserves under a new policy that compels miners to pay half of their royalties in commodities to settle its foreign debt of US$13.2 billion. “We want to focus first on maximizing value from our minerals and then later see how we can use them to clear our arrears,” […]

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231 views
FEATURED
Mining Index Zimbabwe
- October 18, 2022
231 views 2 mins

Setbacks hit Zim oilfields

AUSTRALIA Stock Exchange (ASX)-listed energy explorer Invictus Energy on Monday said it encountered some “minor” delays in preparing to drive the 12¼ hole section of its Mukuyu-1 exploration well due to rig maintenance. The firm, which kicked off drilling the first of two test wells at its Zimbabwe-based Cabora Bassa claims in Muzarabani last month, […]

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