SG 90% AND ABOVE US$53.55/g
SG ABOVE 85% BUT BELOW 90% US$52.71/g
SG ABOVE 80% BUT BELOW 85% US$51.14/g
SG ABOVE 75% BUT BELOW 80% US$51.58/g
SAMPLE BELOW 10g BUT ABOVE 5g US$50.74/g
FIRE ASSAY CASH US$53.55/g
NB: Fire Assay cash price is for gold above 100gs and no sample is deducted.
For FireAssay Transfer price, a sample of not more than 10g is deducted
2% royalty is charged on all deposits (Small-scale Miners)
5% royalty is charged on Primary Producers
Cash available. Fidelity Gold Refinery prices will be changing daily in relation to world market prices.
The Zimbabwe Miners Federation (ZMF) has encouraged the apostolic sect of the Vadzidzi vaJesu to venture into the gemstone and semi-precious stone mining sector.
Rudairo Mapuranga
ZMF through its secretary for Semi Precious and gemstones Mr Privelage Chinembiri Moyo encouraged Vadzidzi to venture into semi-precious mining.
“As the President always allude, ‘nyika inovakwa nevene vayo’ we want to encourage you to be at the forefront of building this nation through gemstone mining and value addition,” he said.
The apostolic sect are well-known artisans in the country therefore ZMF believes that they can be a force in the gemstone industry since they have been dealing and issuing stones at their shrines.
ZMF Mashonaland Central Chairperson Ms C Munyoro encouraged women to be part and parcel of the gemstone industry through various initiatives which can support fellow males.
“As women we want you to be involved supporting your fellow male miners through various initiatives like value addition and identifying areas open for pegging so that we can mine our gemstones,” she said.
The apostolic sect leader Mr Magodi appreciated ZMF and encouraged it to often come and teach them more often.
“You are the first and only organisation to meet with us and we would like to thank you,” Magodi said.
He also complained about epos and corruption in the government departments of mines as some members are losing mines to heavy-pocketed individuals. Also, he stated the need to have laws which empower locals than arrest them while they discover abundant semi-precious stones and gemstones.
ZMF also handed over on behalf of its President Ms Henrietta Rushwaya a stone sculptor of an eagle to the apostolic sect leader Mr Magodi showing that ZMF appreciates the leading role that will be taken by the apostolic sect in the gemstone industry.
Speaking at the Shrine yesterday President Mnangagwa applauded the apostolic sect for its zeal for national development saying that their role in building schools and clinics among other infrastructure shows that they value national development.
To reduce issues of illegal mining, gold smuggling and unemployment in Mazowe, it is of uttermost importance that the reopening of Mazowe Gold Mine is treated as a national priority, the Mashonaland Central Minister of State in the President’s office Senator Monica Mavhunga told President Emmerson Mnangagwa.
Rudairo Mapuranga
The vast Mazowe gold fields have several mines, with the parent one being Mazowe Mine owned by Metallon Corporation Ltd.
Jumbo Mine, also in Mazoe, is currently under care and maintenance after Metallon Corporation was forced to close its mines in 2018 due to “unsustainable costs of running them without proper compensation for its proceeds from the government of Zimbabwe” the company claimed at the time.
The mine has 247 claims covering 2 939 hectares.
Speaking at the Johanne Masowe Vadzidzi Shrine in Goora yesterday Senator Mavhunga said the mining industry in Mashonaland Central has improved since President Mnangagwa became the head of state and government. He said that there have been developments like the reopening of Shamva Gold Mine and Eureka Gold Mine which are projected to become leading gold producers in the nation.
Senator Mavhunga said the re-opening of Mazowe Gold Mine was of importance because many illegal miners were dying while seeking a decent living.
“Your Excellency, Shamva Gold Mine was reopened, and Eureka Gold Mine was also reopened. In Bindura at Ashanti gold mine and Trojan, they are working. It is our wish Your Excellency that Mazowe gold mine is reopened because there are artisanal miners who are dying there while trying to look for a living,” she said.
According to the Senator Gold service centres, which the Government intends to establish across the country by mid-2022, will help plug suspected widespread smuggling of the precious mineral out of the country.
“Your Excellency, If gold centres are well funded, the problem of gold smuggling might be eradicated,” Mavhunga said.
Zimbabwe’s mining sector, especially the extraction of gold, has lately been characterised by illicit leakages of gold and it is believed the establishment of gold centres could help restrict obscure movement of the yellow metal. The gold sector carries a huge potential for the Zimbabwean economy with small-scale miners producing about 60 per cent of gold receipts which has necessitated consistent efforts to support their production.
The High Court has dismissed an appeal against the conviction and sentence by former mines secretary, Francis Gudyanga who was earlier this year jailed for corruption.
Justice Benjamin Chikowero, sitting at the Harare High Court, said the magistrate was right when she reached a verdict to jail the former government official.
The judge said there was nothing to add or subtract on points raised by the lower court in its verdict, adding that Gudyanga’s application lacked merit.
He was jailed four years by a Harare magistrate Barbra Chimboza who suspended part of his jail term on condition that he pays back over US$25 000 he pocketed in a Minerals Marketing Corporation of Zimbabwe (MMCZ) circus in which he acted as a lone board member over a period.
Gudyanga was jailed after a full trial during which he denied the allegations stating that he never stole the money as alleged by the National Prosecuting Authority (NPA).
His co-accused, former Mines Minister Walter Chidhakwa was acquitted at the close of State’s case.
Gudyanga argued it made no sense to be convicted over an offence allegedly committed when hee was merely taking orders from Chidhakwa, who got cleared for any wrongdoing by prosecutors.
In his appeal, Gudyanga also argued that he merely took what he worked for as a lone board member for three years.
He said the magistrate erred in convicting and sentencing him.
But in his ruling, Chikowero said he got what he deserved.
“We do not accept that the sentence of four years imprisonment, eighteen months of which were suspended on condition of restitution, is manifestly harsh and excessive as to induce a sense of shock.
“The appellant was afforded an opportunity to undergo only two and half years’ imprisonment if he restituted. The sentence compares favourably with that imposed in Undenge v State HH 222/18,” Chikowero said.
“Sentencing is a matter of discretion. We are satisfied that the learned magistrate judicially exercised her discretion by balancing the mitigating and aggravating circumstances. She gave sound reasons for excluding a non-custodial sentence.
“Any form of corruption is rightly viewed by the courts with abhorrence. It is a dangerous and insidious evil in any country, particularly in a developing one. It is difficult to detect and more so, to eradicate.
“If unchecked or inadequately punished, it will disadvantage society by depriving it of good, fair and orderly administration. Deterrence and public indignation are the factors which must predominate above all others in the assessment of the appropriate penalty.”
Prosecutors proved that Gudyanga pocketed allowances for 10 board members alone after the MMCZ board was dissolved.
German carmakers Volkswagen and Mercedes-Benz struck battery materials cooperation agreements with mineral-rich Canada on Tuesday, intensifying efforts to secure access to lithium, nickel and cobalt.
The move comes as automakers roll out their electric-vehicle expansion strategies globally in a bid to challenge sector leader Tesla. These strategies depend on sufficient supplies of vital battery materials.
No financial details were disclosed for the memorandum of understanding (MoU) agreements, which were signed in Canada during a visit by German Chancellor Olaf Scholz and a delegation of German corporate representatives.
“The supply of battery raw materials and the production of precursor and cathode materials with a low carbon footprint will allow for a fast and sustainable ramp-up of battery capacity – a key lever for our growth strategy in North America,” outgoing Volkswagen CEO Herbert Diess said.
Volkswagen aims to build, with partners, six large battery cell factories in Europe by 2030 with a capacity of around 240 gigawatt-hours, as well as a dedicated factory in North America for which it is currently examining potential sites.
VW is targeting initial capacity of 20 gigawatt-hours at the North American plant, said Thomas Schmall, Volkswagen AG board member and head of the automaker’s Power Co battery unit.
At a media briefing Tuesday, Schmall said the company aims to announce the North American plant location and potential mining and refining partners by the end of the year.
“Everything in our planned rollout of electric vehicles depends on the supply of batteries,” Schmall said.
Pablo Di Si, incoming president and CEO of VW Group of America, said the automaker’s US plant in Chattanooga, Tennessee, aims to build 90 000 electric vehicles next year, adding that the new ID4 is expected to qualify this year for the full $7 500 US tax credit under the new Inflation Reduction Act.
Mercedes-Benz, meantime, is preparing to go fully electric by the end of the decade wherever market conditions allow, and has recently struck a deal with China’s CATL to ensure battery cell supply in Europe. Read full story
As part of the MoU, Mercedes-Benz will explore a strategic partnership with Rock Tech Lithium under which the Canadian firm would supply the German carmaker and its battery partners with up to 10 000 tonnes of lithium hydroxide a year from 2026.
Volkswagen has said it could become a shareholder in local mining firms to make sure it is first in line when it comes to supply.
Arcadia Minerals has reported a 500% increase in the lithium resource at Bitterwasser lithium-in-clay project, in Namibia.
A Joint Ore Reserves Committee-compliant mineral resource estimate of 85.2-million tonnes, at 633 parts per million, for 286 909 t of lithium carbonate equivalent has been reported at the Eden Pan deposit.
This was a near 560% increase over the previous resource estimate and a 430% increase in metal content.
“We’re encouraged by the significant increase in metal content at the Bitterwasser lithium-in-clay project, which is now equivalent to a 1% lithium oxide hard rock resource of 11.6-million tonnes. This resource is within the first 12 m from surface, open at depth and covers only one of the known 14 exposed clay pans in the area, so these factors, along with the potential for further pans obscured by mobile Kalahari dunes, have the potential to expand the Bitterwasser lithium resource substantially,” said Arcadia CEO Philip le Roux.
“In addition, the recently announced Cyclone test work and early tests around leachability of the ore using environmentally friendly and low-cost lixiviants suggests the potential of feeding a comparatively competitive leach-plant with higher grade material. This will now be investigated through our association with the University of Stellenbosch in producing a bench-scale lithium carbonate product for battery grade use.”
DRDGold is using satellite imagery to monitor its tailings dumps, in addition to quarterly drone surveillance.
An international tailings performance management system implemented ensures the integrity of data for day-to-day management and oversight.
“There’s a direct line from this into the board, so there’s no sugar-coating of information,” DRDGold CEO Niël Pretorius disclosed on Wednesday when the company reported a solid set of results and paid dividends for 15 years in a row.
In a presentation covered by South African publication, Mining Weekly, Pretorius described the surveillance technology being deployed as something about which he is particularly excited.
“I do believe that technology plays such an important role in managing an industry that is this complex and at this scale,” he added.
He was referring to the use of interferometric synthetic aperture radar imagery known as InSAR.
“This is satellite imagery that picks up the slightest movement in just the shape, height, and width of tailings facilities, so that if there is any movement of a sidewall, then this gets picked up and it’s brought to your attention. And then there’s the quarterly drone surveillance as well,” Pretorius said.
The disclosure points to the phenomenal sophistication being applied to those tailings dumps so evident around Johannesburg and on the East Rand and West Rand, which is placing the company in pole position to offer a complete tailings management solution to the world.
Tailings management has become a global demand in the wake of the horrific tailings disaster in Brazil and DRDGold considers that it can offer as an additional service, beyond the bounds of its own business, a complete tailings management solution, combined with rehabilitation, which is where its skillset lies.
An external tailings review panel is involved with the management of DRDGold’s tailings facilities, which are characterised by world-leading vegetation that has reduced dust to very low levels.
“This has been work that establishes a benchmark of what good environmental governance is all about, which comes down to the management of tailings,” Pretorius said.
“We run some of the largest in the industry, and although there’s a big move away from upstream deposition, the reality is that there are many of those out there, and they need to be managed in a way that limits their impact on the environment, and that’s where our focus really lies, in becoming the benchmark in the industry on that,” he said.
Sustainable development and rehabilitation expenditure is deeply embedded in the cash-rich company. Group cash and cash equivalents are 16% higher at R2.5-billion, which puts the company in a strong position to continue with its phase of capital expenditure, as well as taking up other growth opportunities. The group remains free of bank debt.
SG 90% AND ABOVE US$53.34/g
SG ABOVE 85% BUT BELOW 90% US$52.50/g
SG ABOVE 80% BUT BELOW 85% US$51.94/g
SG ABOVE 75% BUT BELOW 80% US$51.37/g
SAMPLE BELOW 10g BUT ABOVE 5g US$50.53/g
FIRE ASSAY CASH US$53.34/g
NB: Fire Assay cash price is for gold above 100gs and no sample is deducted.
For FireAssay Transfer price, a sample of not more than 10g is deducted
2% royalty is charged on all deposits (Small-scale Miners)
5% royalty is charged on Primary Producers
Cash available. Fidelity Gold Refiners’ prices will be changing daily in relation to world market prices.
The Minister of Mines and Mining Development, Winston Chitando has extended the tenure of Special Grants (SGs) being operated by Alabara Investments (Private) Limited for three years, Chairman of the Mining Affairs Board Mr Onisimo Mazai Moyo has said.
Special Grant No. 7148 and Special Grant 7147 in the Matabeleland North Mining District were renewed by the Minister last week.
“It is hereby notified that the Minister of Mines and Mining Development, with authorization from the President, has, in terms of section 301 of Mines and Minerals Act (Chapter 21:05), extended the tenure of Special Grant No.7148 for Alabara Investments (Private) Limited for a period of three years with effect from 19th August 2022 to 18 August 2025, inclusive.
“IT is hereby notified that the Minister of Mines and Mining Development, with authorization from the President, has, in terms of section 301 of Mines and Minerals Act (Chapter 21:05), extended the tenure of Special Grant No.7147 for Alabara Investments (Private) Limited for a period of three years with effect from 19th August 2022 to 18 August 2025, inclusive,” Moyo said.
It was all smiles at the launch of Zimplats’ “Beyond the skin” initiative in Manicaland in commemoration of International World Albinism Day held under the theme “United in making our voices heard.”
Rudairo Mapuranga
Zimplats together with Optinova, Lancet, Stanbic and Dicomm McCann made the launch of the “Beyond the Skin initiative” in Manicaland a success. At the launch, there were free eye tests, sunscreens, hats, and sunglasses shared with the community.
The country’s biggest platinum group of metals (PGM) producer Zimplats’ well-established community project on albinism seeks to address discrimination and encourage the acceptance and integration of people with albinism into mainstream society.
Over the past year, Zimplats has distributed more than 4 000 sunscreens and lip balms to communities in Harare, Bulawayo, Matabeleland North, Mashonaland West and Masvingo as part of the community albinism project.
Zimplats has been calling for the country to stand together and stop stigmatisation and discrimination against people with albinism.
“It’s time for us to stand together as a community and say no to stigmatisation and discrimination of people with albinism,” read Zimplats’ motto.
WHAT IS ALBINISM?
Albinism is a rare group of genetic disorders that causes the skin, hair, or eyes to have little or no colour. Albinism is also associated with vision problems. In so many African countries, people with albinism are misunderstood and mistreated because of their skin colour.
CAUSES
– A defect in one of several genes that produce or distribute melanin.
– The defect may result in the absence of melanin production, or a reduced amount of melanin production.
– The defective gene passes down from both parents to the child.
SYMPTOMS OF ALBINISM
– An absence of colour in the hair, skin or eyes.
– Lighter than normal colouring of the hair, skin or eyes.
– Patches of skin that have an absence of colour.
MYTH AND FACT ON ALBINISM
Myth
They are results of in-breeding or incest, from closely related people, especially over many generations.
Fact
Albinism is an inherited disorder. It is inherited as a recessive gene from both parents. As with all recessive conditions, the chances of two people carrying the same recessive gene increase if the two have recent common ancestors. Therefore, while albinism is not necessarily a result of incest, marriage between close relatives can increase the chances of a child being born with albinism. Therefore, having children with a relative is highly discouraged. The body of people living with Albinism has little or no ability to produce the colour of the skin, hair and eyes. This colour is called “melanin”.
Myth
People with albinism are sterile.
Fact
This is not true. Persons with albinism can have children.
Myth
People with albinism cannot see during the day but see well at night.
Fact
People with albinism have eyesight problems due to a lack of ‘melanin’ pigmentation in the retina. They can see during the day and also at night, but they may either be short or long-sighted and may need sight aids.
Myth
Albinism is contagious.
Fact
Albinism is a genetic condition passed on by both parents. Each parent must be a carrier, and both must pass on an albinism gene for someone to be born with the condition. It cannot be caught and is not contagious.
People with albinism tend to have more developmental difficulties. True, but only because of vision problems and social pressures. When you can’t read the blackboard or you’re ostracized from society and can’t go to a normal school, you often fall behind academically. This will affect their grades thereby reducing their chances of being employed and opportunities for societal integration.
Myth
Albinism is a punishment or a curse from the gods or ancestral spirits due to wrongs done in the family.
Fact:
Albinism is a genetic condition that is passed on from parents to children. Many people are carriers of this recessive gene. Albinism is not a curse.
Myth
A person with albinism cannot have regularly pigmented children.
Fact
A person with albinism can give birth to regularly pigmented children if his/her partner is not a carrier of a similar recessive gene for albinism. The children may be carriers of the recessive gene but it will not be expressed in them.
Myth
People with albinism are not intelligent.
Fact
This is not true. Persons with albinism are intelligent and also perform well academically like other normally pigmented people. There are teachers, lawyers, politicians and musicians who are living with albinism.
Myth
The mother slept with a white man.
Fact
Children born with albinism may look ‘white’ due to absent or reduced pigmentation but are not products of cross-race sexual relationships.
Myth
People with albinism cannot go outside during the day.
Fact
People with albinism can go outside at any time but need to take extra precautions when out in the sun. Protective clothing, sunscreen and a hat are required all year round to minimize the risk of skin damage from the sun.
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