Thursday, October 18, 2018
Golden Sibanda It was good while it lasted, but Government will have none of it, not anymore. The honeymoon is over for speculators on mining ground. And it had to happen; mining is strategic to Zimbabwe’s economy. At least, this is in no way new, but simply enforcement of law that already...
Enacy  Mapakame Zimbabwe Stock Exchange (ZSE)’s mining index has risen by 15,6 percent to 164,62 since the beginning of the year as counters gained on growing investor confidence. At the start of 2018, the mining index was pegged at 142,4 With a 15,6 percent year-to-date (YTD) gain, the resources index has paced...
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...
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,...
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...
--- 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...
A new report by Fitch Solutions Macro Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years. According to Fitch, major coal...
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...
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...
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...