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China’s Export Ban Sends Antimony Prices Soaring 40% in One Day
Antimony prices soared 40% on Wednesday after China on Tuesday banned exports to the United States of several critical minerals. China enforced theexisting limits on antimony, gallium, and germanium - critical minerals that have widespread military applications ahead of...
China’s Ban on Key High-Tech Materials Exports, A Looming Crisis for U.S. Industries?
China has banned the export of critical high-tech materials, including gallium, germanium, antimony, and other essential minerals, to the United States. These materials are pivotal to industries such as electronics, semiconductors, renewable energy, and defence, Mining...
Govt to continue with 5% Tax on Unrefined Platinum Exports in 2025
In a setback for Platinum Group Metals (PGM) miners, the Zimbabwean government has announced that it will move forward with the implementation of a 5% tax on unrefined platinum exports starting in January 2025, despite the...
Gold Export Surge Fails to Curb Growing Trade Deficit in September
Despite a 40.2% surge in gold output in August, up from 37.9% in the previous month, Zimbabwe's trade deficit widened by 4.2% in September, reaching US$207.6 million, up from US$199.1 million in August, according to the...
Mines Losing Half of 25% ZiG Export Proceeds to Exchange Rate Disparities
Mining companies are losing half of their 25% local currency surrender portion due to exchange rate disparities, according to the 2025 Mining Industry Prospects report, which incorporates findings from the State of the Mining Industry Survey.By...
Drop 75/25 export surrender – National Competitive Commission tells RBZ
Miners have been given a glimpse of hope as the government-owned National Competitive Commission (NCC) has urged the government to abolish the export surrender requirement and implement policies that support exporters, who continue to suffer from...
Export Receipts Surge Over 9%, Driven by Gold
The country's total foreign currency earnings increased by approximately 9.5% during the first half of 2024 compared to the same period last year, largely driven by growth in export receipts from gold, said the Minister of...
Simbi Alloys Urges for Beneficiation Amid Concerns Over Unprocessed Copper Exports
Simbi Alloys, a leading copper processor in Zimbabwe, has expressed strong concerns about the ongoing export of unprocessed copper ores, calling for a renewed focus on beneficiation to support local industries and reduce the substantial import...
MMCZ Mulls Export Exemption Certificates for Gemstone Miners
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is actively pursuing the introduction of Exemption Certificates for gemstone exporters, a development that will provide semi-precious mineral miners with more market options while enabling the government to increase...
Global Economic Uncertainties Drive 14.6% Increase in Gold Exports in HY2024
Zimbabwe's gold exports in the first six months of 2024 surged by 14.6% to US$970.4 million, up from US$846.6 million in the comparable period of the previous year, as bullion defied the trend of weakening prices...
MMCZ Sends Out Subagents in Effort to Increase Gemstone Exports
The Minerals Marketing Corporation of Zimbabwe (MMCZ) yesterday deployed subagents in the Hurungwe district, tasked with buying gemstones as the Corporation aims to increase exports of semi-precious stones.By Ryan ChigocheThis development comes at a critical time,...
Zimbabwe rakes in US$20 billion in mineral exports
The Zimbabwe mining industry in the last five years realized a total of US$20 billion from mineral exports, the Minister of Mines and Mining Development, Hon Zhemu Soda, announced.Rudairo MapurangaSpeaking at the Kamativi Mining Company (KMC)'s...
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