Thursday, October 18, 2018
--- Company sees surge in nickel prices  --- Electric cars to boost battery metals demand Bindura Nickel Corporation says the Hunters Road project in Gweru “remains strategic” to its long-term plans with the company likely to benefit from an anticipated price surge of the commodity to be spurred by huge...
Ferrochrome, chrome ore drive earnings Exports likely to reach $1,6 billion this year Martin Kadzere Zimbabwe’s mineral exports will surpass the 2017 target with earnings from major commodities likely to reach $1,5 billion, largely driven by an increase in high carbon ferrochrome and chrome ore sales, the Minerals and Marketing Corporation of...
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...
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...
Golden Sibanda A Zimbabwean delegation comprising government and private sector officials descends on Canada next week to lure Foreign Direct investment (FDI) into its lucrative mining sector from one of the world’s most attractive mining regions, continuing a charm offensive for capital inflows into the economy. The Southern African country has...
Golden Sibanda Mining firms in Zimbabwe have expressed reservations over Government’s new platinum beneficiation tax structure, warning the charges were extremely high, undermined competitiveness and viability of this strategic sector. The new platinum tax structure took effect on January 1, 2018 and penalizes miners for export of white concentrate at 5...
Panashe Sachikonye While giving his address at the Chamber of Mines Zimbabwe conference in Victoria Falls recently, Mines and Mining Development Minister Winston Chitando, stated that most mining companies have been facing difficulties in raising capital and this has seen most projects failing to take off. He also said that there...
Golden Sibanda Australia Stock Exchange (ASX)-listed batteries company, Prospect Resources, says it has appointed global engineering company DRA to provide engineering services and upfront design for its flagship Arcadia Lithium Project located near Harare. Prospect said the Arcadia lithium project represented a globally significant resource. It intends to build a 1,2...
After a gravity-defying run, nickel has now also succumbed to weakness in the industrial metals complex as global trade fears mount, declining to $14,125 per tonne on Monday. The metal, mainly used in stainless steel manufacture, is down 10% or more than $1,600 a tonne from more than three-year highs hit...
Golden Sibanda Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond issue to restart its Trojan Mine smelter. Managing director Batirai Manhando, said despite fears in certain quarters that BNC could...