NEWS

Gold gains while Palladium, platinum eye biggest weekly fall

Gold rose a percent to a one-week high yesterday, briefly breaching the pivotal $1,300-per-ounce ceiling, as weak U.S. payroll data dented the dollar and...

Lancashire Steel to resume operations

Lancashire Steel, a subsidiary of Ziscosteel, is set to resume operations after a new investor Whinstone Enterprises agreed to inject fresh capital.Lancashire Steel, which used...

Botswana sees lower mineral revenues in 2019

Diamond rich Botswana expects mineral revenues in the 2019/20 fiscal year to drop by 4 percent to 13.6 billion pula ($1.26 billion) due to...

Eskom needs more bailouts

South Africa's struggling state power firm Eskom may need more bailouts from government to survive, after the country's energy regulator on Thursday granted it...

Gold steadies

Gold range-bound today as investors awaited the U.S. jobs report for further cues on the economy, after the European Central Bank’s (ECB) dovish policy...

Zim Platinum output decreases

Zimbabwe's platinum output slipped two percent to 10 000 ounces during the fourth quarter of 2018 due to work in progress material processing in 2017,...

Zim to scrap 51% mining ownership rules

Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to...

Zim government liberalises fuel importation

Government has liberalised the importation of fuel by allowing mining firms, transport operators and large corporates with capacity to procure the product on their...

Zim government urged to decriminalise artisanal mining

Zimabwean Coalition on Debt and Development (Zimcodd) has implored government to decriminalise artisanal and small-scale mining (ASM) to enable the sector to fully contribute to...

Canadian juniors shifting focus to Africa, away from S. America

The State of Mining Finance 2019 report produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, shows Toronto's stock exchanges...

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