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ZCDC fulfils promise to improve Zimunya-Marange community
THE Zimbabwe Consolidated Diamond Company (ZCDC) recently fulfilled pledges made in 2016 to the Zimunya and Marange community of Manicaland to improve their area after it finally constructed two modern courts for traditional leaders in the area.The...
Blue diamond found by struggling Petra sold for $14.9 million
South Africa’s Petra Diamonds (LON:PDL) has sold a 20.08-carat blue precious rock it found in September at its iconic Cullinan mine for $14.9 million, or about $741,000 per carat, which is the highest price analysts had predicted.The “exceptional” blue...
Confidence among mining executives shrink
Confidence among mining executives in Zimbabwe has dipped further this year, hit by worries over power cuts, the foreign currency crisis and an uncertain policy outlook, a new industry survey shows.The Mining Business Confidence Index (MBCI),...
Can Zimbabwe attract FDI in copper and cobalt like in Zambia?
Zambia’s entire economy depends on copper and cobalt for survival since privatisation in the early 90s, the mining sector in Zambia has attracted Canadian, Chinese, Indian, Australian and American mining companies.Rudairo Dickson MapurangaFor over two last...
11 year old girl died while panning
A Guruve primary schoolgirl 11, died on Sunday after being trapped in a disused mine shaft while mining gold. Her colleague escaped with minor injuries, NewsDay reports.Violet Kumadiro of Kufandirori village, Kadzimwenje area in Guruve under...
Gold dealer up for murder
Mlilo a 35 year old Gweru based gold dealer appeared before Gweru magistrate on Tuesday facing murder and attempt murder charges after shooting two suspected machete illegal miners popularly know as "Mashurugwi".Mike Mlilo of Magola village...
Gold steady but held close to its lowest in 2wks
Gold steadied today, but held close to its lowest in two weeks, as the U.S. dollar recouped losses thanks to stronger-than-expected U.S. economic data.Spot gold was up 0.1 percent at $1,314.35 per ounce as of 0129...
Tax war won at cost
Last year it was the Democratic Republic of Congo. This year it is Zambia.Both African countries have driven through draconian changes to their mineral tax regimes, overcoming the entrenched opposition of some of the world's biggest...
Beny Steinmetz makes Guinea comeback in Sarkozy-brokered deal
Israeli mining tycoon Beny Steinmetz is making a dramatic return to Guinea after the billionaire ended a bitter dispute with the West African country that brought his business empire to its knees.The settlement, brokered by former...
Beware the raw lithium bubble
It’s quite clear that the soft, silvery-white metal credited for playing a crucial role as a key element in electric cars and other clean tech gadgets, is currently enjoying its best “celebrity” moment. But such moments...
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