By Business Reporter
HARARE – (Mining Index) – Wednesday 24 May 2023) – LONDON-listed Contango Holdings says it has commenced production of high value coking coal at its Lubu project in Zimbabwe.
The Gundlach ratio, named for famed money manager Jeffrey Gundlach who closely watches the relationship between copper and gold, is trading near.
Energy and Power Development Minister Soda Zhemu has announced that Hwange Thermal Power Station Unit 7 will be back online on Monday, adding 300MW to the national output.
The unit was recently taken off the national grid.
HWANGE Colliery Company Limited (HCCL) remains under administration and on Zimbabwe Stock Exchange (ZSE) suspension, the concern’s management revealed Monday.
The coal miner was placed on suspension after government which owns 38% of.
AUSTRALIAN energy firm Invictus Energy Limited (Invictus) says it has exceeded its initial AU$5 million (US$3,3 million) target under an AU$10 million (US$6,7 million) capital raising initiative to fund further exploration programmes.
THE Chamber of Mines of Zimbabwe (CoMZ) will hold its annual general meeting (AGM) and conference in Victoria Falls from May 30 to June 2, 2023.
CoMZ chief executive officer Isaac.
PLATINUM output at Unki Mine rose by 17% during the first quarter ended March 31, 2023 to 62 500 ounces due to improved plant stability, financial statements for the review period showed.
The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.
Polyus PJSC, the country’s No. 1 gold miner, and Polymetal JSC,.
