Wednesday, October 17, 2018
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...
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...
Taurai Mangudhla Zimbabwe looks set to achieve its 26 tonnes gold production targets for 2018 after receiving deliveries amounting to 10,3t in the first four months of this year, according to latest figures from Fidelity Printers and Refiners (Fidelity). Deliveries from small scale miners accounted for about 60 percent at 6,2...
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...
Firm drained of working capital through externalisation New sands retreatment plant in false start Tinashe Makichi Gold mining group, Metallon Gold Corporation, has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information gathered indicates that despite announcing positive production and financial results for the past two years, the...
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,...
Japan Oil, Gas and Metals National Corporation (JOGMEC) is eyeing a multimillion dollar deal to fund exploration in mineral rich Zimbabwe. Officials from JOGMEC met with Mines and Mining Development Minister Winston Chitando at the just ended African Mining Indaba in Cape Town, South Africa to conclude negotiations that had...
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...