AO Afromet and Landela owned mining firm, Great Dyke Investment is set to become the biggest platinum producer in Zimbabwe. Rudairo Dickson Mapuranga According to the mines’ Chief Operations Officer, Munashe Shava, the mine which has a life span of nearly 100 years has the potential to become the biggest platinum producer in 12 years
Construction of a smelter at Great Dyke Investments, a joint venture platinum mining company between Zimbabwe and Russia, is expected to start this year, an envoy said on Thursday. The project, a joint venture between the Zimbabwe Mining Development Corporation and Russian investors VPB Bank and Rustec to mine platinum in Darwendale, about 62 kilometres
Zimbabwean platinum producer, Unki Platinum’s 2019 platinum output, rose by 4 percent to 89 500 ounces (oz) from 89 400oz in 2018. For the fourth quarter of 2019 platinum output declined 2 percent to 23 300 ounces (oz) from 23 700oz in the previous quarter. But in terms of a year-on-year quarterly comparison, the local
A rapid rise in the price of gold since 2000 has driven millions of people to deposits in Africa, South America and elsewhere where they dig for gold using basic technology. Such informal digging — known as artisanal or small-scale mining (ASM) — has been around for centuries and gold offers cash to communities that
The government says it will complete crafting the strategy for ramping up annual gold production to over 100 tonnes and grow export earnings from the sale of bullion to more than US$4 billion per year by mid-March this year. Mines and Mining Development Minister Winston Chitando, confirmed this week that major strides have been made
Gold prices edged lower yesterday, consolidating near the $1,550 level, ahead of a policy decision by the European Central Bank, although mounting concerns over a virus outbreak in China limited losses. The euro zone’s central bank will announce its monetary policy decision at 1245 GMT. Spot gold was down 0,2 percent at $1 556,20 per
AIM-listed mining group, Vast Resources Plc Monday disclosed it had finalised a financial deal it negotiated with international financial institutions for its Chiadzwa diamond venture in Manicaland Province. Last year, the United Kingdom based Vast Resources announced that it had agreed a joint venture deal with Chiadzwa community to create a company called Katanga, which
Oil prices fell more than 2 percent on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output. Brent crude was down $1,39, or 2,2 percent, at $63,20 per barrel. US West Texas Intermediate crude fell 2,8 percent, or $1,64, to settle
ONE of the nine suspects allegedly involved in the theft of nearly $1 million worth of gold kept as an exhibit at Plumtree Police Station has approached the High Court challenging the dismissal of their application for recusal of the judge presiding over their matter. Jefat Chaganda, through his lawyers Nyikadzino, Simango and Associates, filed
THE number of illegal miners arrested countrywide in the week-long police operation to restore law and order in mining communities has risen to 1 823 with the latest batch including a suspected member of the Ziga machete gang that allegedly killed Constable Wonder Hokoyo at Battlefields recently. Lloyd Kasena (age not given) was arrested in
