NEWS

Zimbabwe makes U-turn on mining royalties to halt currency slide

Zimbabwe’s finance minister requested mining companies to pay up to half of their royalties in local currency, as part of measures to stem a...

PPC invests US$37m in two solar plants

CEMENT manufacturing company PPC Zimbabwe has invested US$37million towards a 30 mega watts solar project as it seeks to mitigate power challenges that have...

How Mine gold output jumps 59%

BULAWAYO Mining Company’s How Mine has increased gold output by 59% after a US$5 million capital injection and also gained Standards Association of Zimbabwe...

Young miners partner consultancy to boost production capacities

YOUNG Miners Foundation (YMF) has partnered with Bulawayo based KBM Consultancy, a mining and metallurgical consulting company as part of efforts to assist young...

Implats Reports Platinum Group Metals Production, Basic Earnings Down In H2 2021

IMPALA Platinum (JSE: IMP, Implats), a leading producer of platinum group metals, announced that its gross concentrate volumes in H2 2021 decreased by 4%...

Hwange Colliery to evict 200 ex-workers

HWANGE Colliery Company (HCC) has won a civil court order to evict about 200 ex-workers who had refused to vacate the properties citing outstanding...

24 Billion rand gold scam uncovered: report

South Africa's tax authority South African Revenue Service (SARS) has uncovered a $1.8 billion gold scam, in which coins and jewellery were illegally smelted...

TotalEnergies, CNOOC make final decision on $10 bln Uganda, Tanzania oil project

 TotalEnergies (TTEF.PA) and its partner China National Offshore Oil Corporation have reached a deal with Uganda and Tanzania to invest more than $10 billion in...

Debswana annual diamond sales jump 64%

Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by...

Zimplats injects US$521m to boost smelting capacity

Zimbabwe’s largest platinum miner, Zimplats has set aside US$521m for the construction of a 38MW furnace and an acid plant as it targets to...

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