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Predatory buyers dominate chrome market
ZIMBABWE’S chrome market is dominated by predatory buyers who have formed domestic cartels which purchase chrome at an average price valued at 15% of export sales prices.According to a chrome producers draft policy, there are great...
Prospect Resources eyes rechargeable batteries market
AUSTRALIA Stock Exchange (ASX) listed Zimbabwe lithium producer Prospect Resources, says it is well positioned to tap the rechargeable batteries market whose share of the lithium batteries market is projected to sky-rocket from the current 54...
Zim to explore previously untapped high value minerals
GOVERNMENT is moving to explore and expand the exploitation of the country’s previously untapped high value minerals including lithium and manganese that are driving the current world technology revolution.This comes as 60 percent of the country...
Oil prices mixed
Oil prices were mixed yesterday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand.Brent added 16 cents, or 0,2...
More than a third of gold mines in Congo exposed to Ebola
More than 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being directly or indirectly affected by the ongoing Ebola outbreak in the country, the world’s top cobalt miner and...
Learmonth ups Caledonia stake
Caledonia Mining Corporation Plc (Caledonia) director MARK Learmonth has upped his stake in the
AIM-listed resources outfit after over 53 000 performance securities were offered to him early this
week.The Zimbabwe-focused gold miner said this development followed maturity...
RBZ avails $21,7 million to women and youth miners
The Reserve Bank of Zimbabwe (RBZ) has availed RTGS$21,7 million to assist women and youths in small-scale mining to boost their operations.Speaking recently in Gwanda during a workshop for small-scale miners in Matabeleland South Province, RBZ...
Caledonia optimistic of interbank exchange market
AIM-listed mining group, Caledonia Mining Corporation, is optimistic that the introduction of the inter-bank foreign currency exchange market in February will help stabilise business operations and assist the company to yield more profits.The chief executive officer,...
Bristow taking Barrick helm aids talks, Tanzania AG Says
Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said.Barrick unit Acacia Mining Plc has been...
Palladium strikes record high on supply squeeze; gold gains
Palladium prices surged to a record on Tuesday, bolstered by worries about shrinking supply of the auto-catalyst metal, while gold rose on expectations that the U.S. Federal Reserve will maintain a dovish tone at its policy...
Top 10 opportunities available in Zimbabwe mining sector
THERE are plenty opportunities available in Zimbabwe’s mining sector that could be exploited by both local and foreign investors.
By Keith Sungiso
Zimbabwe has about 60 mineral occurrences, the major ones being diamond, platinum, gold, nickel, lithium, chrome...
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