Amplats falls after parent Anglo starts cutting majority stake
Anglo American Plc said it sold 13.94 million shares in Anglo American Platinum in a move to increase the South African firm’s free float ahead of a full exit. The … Read More
Category: Mining
Platinum set for record supply deficit but unresponsive prices dent Zim’s export earnings
HARARE – The platinum market is experiencing an increasing supply shortage with total mine supply of platinum in 2024 is projected to be at its lowest level since 2013, a … Read More
Chinese investors elbow out local chrome miners
The Midlands-based smelting company has since 2008 been sub-contracting the small-scale miners to mine chrome at its numerous claims and deliver supplies to it.THE Zimbabwe Mining and Alloy Smelting Company … Read More
Zimbabwe’s gold production soars following tax relief
MONTH-on-month gold output by artisanal and small-scale miners spiked by 50 percent in August this year to 2,4 tonnes, probably spurred by the recent removal of the Value Added Tax … Read More
BNC boss says women are breaking barriers
The awards were hosted by the Women in Project Management Zimbabwe (WPMZ), a member of the Institute of Project Managers Zimbabwe.BINDURA Nickel Corporation (BNC) managing director Thomas Lusiyano has said … Read More
UK mining firm classifies Zim entry milestone
Southern African-focused metals and exploration firm Kavango Resources Plc said its entry into Zimbabwe’s mining industry was a significant milestone that presented opportunities to invest in the lucrative local gold … Read More
Zimplats struggles with softening PGM market
ZIMBABWE’S largest platinum miner Zimplats has reported a 20 percent decrease in revenue, for the financial year ended June 30, 2024, as avegare metal prices softened during the period. In … Read More
Grid Africa, local miners partner to set up 72MW solar plant
GRID Africa has partnered with local miners to develop a 72 Megawatt (MW) solar power plant, which is expected to save the mines over US$9,2 million annually while reducing the … Read More
Government reviews EPOs for coal-bed methane explorations
Government has started reviewing Exclusive Prospecting Orders (EPOs) granted to investors three years ago for coal-bed methane to assess the investors’ commitment to these projects, an official has said. In … Read More
Scale of new investments impress mine workers union
ZIMBABWE Diamond and Allied Minerals Workers Union (ZDAMWU) has applauded new mining investments in the country and the revival of old mines saying this has increased job opportunities for locals. … Read More
