Monday, December 17, 2018
Michael Tome HARARE - Gold continues to be one of Zimbabwe’s leading exports, earning over $692 million in the six months to June 2018. This is in line with country’s goal of realising at least $1, 5 billion from gold exports by 2020. Zimbabwe is aiming to reach 30 tonnes of gold...
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...
BH24 Reporter HARARE - Yantai JinAo Mining Group Co Ltd is looking to $300 million in mining projects focusing on the processing of refractory ores. In this regard, the company says it wants to revive the mothballed Kwekwe roasting plant. Said Yantai JinAo Zimbabwe manager Musorowegomo Mukosi: “JinAo has an interest in processing...
CAPE TOWN - The South African cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April...
Walter Mswazie MASVINGO - Government has announced plans to set up an ammonium sulphate plant in Bikita in development that will see the country saving in excess of $50 million in hard currency per annum for water purification chemicals. Mines and Mining Development Minister Winston Chitando said the plant will be...
BH24 Reporter The Australia Zimbabwe Business Council (AZBC) is today hosting the Zimbabwe Investment Forum in Perth, Australia. AZBC is a non-governmental and non-political national business chamber established to facilitate the business linkages between Zimbabwe and the Australia by engaging with governments, businesses, investors, civil societies and expatriate communities in both...
Tawanda Musarurwa HARARE – Zimbabwe-focused diversified mining group Premier African Minerals is looking to raise £750 000 for its RHA Tungsten operation in Zimbabwe. The placement was made last week on the Alternative Investment Market (AIM). Through the placement, Premier is targeting to raise £750 000 (around $963 000) before expenses at an issue price...
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...
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...
Kudzanai Sharara Caledonia’s Blanket Mine plans to increase production from 56,136 ounces of gold in 2018 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...