Friday, June 22, 2018
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...
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...
--- 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...
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,...
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 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...
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...
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...
Government says it will finalise the Mines and Minerals Amendment Bill into an Act by the end of March this year, with former Mines and Mining Development Minister, Walter Chidhakwa, partly blamed for delaying the Bill’s passage through Parliament. The proposed legislation, currently before Parliament and awaiting its second reading,...