Thursday, August 16, 2018
Golden Sibanda Zimbabwe, which is home to over 60 mineral occurrences, including gold platinum and diamonds, might need as much as $15 billion to procure new equipment, ramp up production and explore new mineral reserves or replenish depleting assets, the mining industry’s representative body has said. The country has potential to...
Livingstone Marufu Global Platinum Resources and its Chinese partner, Wanbao Rexco, this week announced plans to revive operations at its 520 million ounces platinum reserves along the Great Dyke belt. Parties to the $1,7 billion deal are pinning hope for revival of the project, that stalled for 14 years since the...
Hebert Zharare Lynx, a partner between the Zimbabwe Mining Development Corporation and Graphit Kromphmuhl of Germany to mine graphite, has reportedly shut down after the foreign investor pulled out and set up a similar project in Mozambique. This follows disputes over corporate governance matters including interference in managerial issues by...
Bulawayo Bureau Zimbabwe’s gold output last year shot up by 18 percent to 24.8 tonnes with the bulk delivered by the small-scale mining sector. Statistics from Fidelity Printers and Refiners, the country’s sole gold buyer, show that in 2017, small-scale miners last year delivered 13.2 tonnes of gold while primary producers...