Wednesday, December 19, 2018
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...
Demand for lithium-ion batteries is growing, as is the opportunity for Chile’s lithium-mining industry to supply manufacturers like Tesla and Toyota. As the world continues a gradual transition towards electrification and mass application of battery storage in transportation, and even utility and manufacturing sectors, a slate of key metal markets...
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...
Tawanda Musarurwa HARARE - Zimbabwe-focused diversified mining group Premier African Minerals says a study from consultant Bara has confirmed that its 49 percent-owned RHA tungsten mine in Zimbabwe has shown that it would be technically viable to restart underground mining. The RHA Tungsten project is located in an area of historic...
 Ishemunyoro Chingwere Government is seeking to mobilise at least $1 billion offshore for a quick rebooting exercise of the country’s mining sector under the Transitional Stabilisation Programme spelt out by Finance and Economic Development Minister Professor Mthuli Ncube recently. The new dispensation, which has placed economic revival on top of its...
Falcon Gold Zimbabwe says that its focus will now shift to carrying out some limited exploration activities during 2018 following the completion of its mining projects and plant optimisation in the current year. This comes as the group managed to narrow its loss for the year to September 30,...
Business Writer Speculators holding vast mining claims risk losing them as Government intends to re-allocate them to serious investors, Mines and Mining Development Minister Winston Chitando said. Government has resolved to repossess all unutilised claims starting January next year as part of a broader agenda to enhance mining production. The speculators, alleged...
Kudzanai Sharara HARARE - Caledonia’s Blanket Mine plans to increase production from 56,136 ounces of gold in 2017 to approximately 80,000 ounces by 2021. This is according to the Group’s second quarter trading update released on Thursday this week. Blanket Mine’s target production for 2018 is between 55,000 to 59,000 ounces. Approximately 12,657...
Africa Moyo HARARE – Mines and Mining Development Minister Winston Chitando has appointed a new seven member board for the Minerals Marketing Corporation of Zimbabwe (MMCZ). The board will be chaired by Mr David Murangari. Other notable appointments include Chamber of Mines of Zimbabwe chief executive officer Mr Isaac Kwesu and former...
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...