Search results: price of gold

The world’s biggest platinum producer is preparing for tough wage negotiations as higher metal prices spur labor union demands.Talks over a new three-year industry deal are looming as the so-called rand basket price for platinum and...

Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.The discovery comes...

Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater.The...

South Africa’s Petra Diamonds (LON:PDL) is keeping founder Adonis Pouroulis as chairman, despite some shareholders voting against his renewal at the 2018 annual general meeting.The company, which appointed last month former gold miner Richard Duffy as chief executiveeffective in...

Small scale miners in Manicaland have welcomed Government’s initiative to establish the first one stop gold processing centre in Odzi, saying it would comprehensively bring back sanity in the sector. The Zimbabwe Mining Development Corporation (ZMDC) and...

When you think of investing in precious metals, you probably think about gold and silver. It makes sense. These metals have been widely accepted as currency and stores of value for centuries. But newer types of metals have recently...

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...

The Shares in Caledonia Mining Corporation PLC (LON:CMCL) took a bit of a dive at the end of February after the Zimbabwe government announced that it was ending its export credit incentive scheme.Under the terms of this scheme,...

The imminent review of the law to allow foreign investors to wholly own investments in diamond will help boost foreign direct investment in the mining sector and across value chains, the Chamber of Mines of Zimbabwe...

AIM-listed mining group, Caledonia Mining Corporation, says its earnings per share will decline by approximately US$5,4 million after the Reserve Bank of Zimbabwe (RBZ) withdrew the export credit incentive scheme for gold producers.The export incentive was...

The Stotle: Inside Mining Zimbabwe interviewer Rudairo Dickson (RD) met Martin Chitohwa (MC) a veteran in Chrome mining in Zimbabwe who is also a member of Zimbabwe Miners Federation (ZMF) and Miners Marketing Corporation Zimbabwe (MMCZ)...

For the first time in more than a decade, palladium is rivalling gold in value.At its current spot price of just over US$1 300/oz, reaching as high as $1 400/oz in January 2018, it has truly...