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Search results: Platinum Group Metals (PGM)
Karo raises us$130million loan by offtake
Tharisa, the chrome and platinum group metals (PGM) miner, raised $130m in a debt facility secured by offtake of its minerals.This follows the listing in December of just over $30m in three-year bonds on Zimbabwe’s Victoria...
Unki 47 percent production increase
The country's second-largest platinum group metals (PGM) producer Anglo American Platinum-owned Unki Mine in Shurungwi has recorded a 47 per cent production increase in 2022 compared to the previous year.Rudairo MapurangaDuring the year, Unki Mine produced...
Payment of royalties with minerals effective 1 October 2022
Miners operating in Zimbabwe will have to pay some of their royalties in refined metal rather than cash effective 1 October 2022, President Mnangagwa has said.
Zimbabwe has abundant reserves of minerals such as gold and platinum...
Zimplats holds a safety symposium
Zimplats held a safety symposium on the 16th of June 2022, for contractors who will be working with the company on various aspects of its $1.8bn expansion programme.More than 160 participants representing over 70 contractors attended...
Mimosa remains profitable despite falling grades
Platinum Group Metals (PGM) producer, Mimosa Mining Company, says it invested US$40 million into capital projects in the six months to December 31, 2021 aimed at expanding mine life and production capacity.“Capital expenditure increased 25 percent...
Mimosa donates PPE to frontline workers in Zvishavane
Platinum group metals (PGM) producer, Mimosa Mining Company has assisted frontline workers who have been impacted by the Covid-19 pandemic in Zvishavane and Mberengwa districts.
Rudairo Mapuranga
According to Mimosa’ parent company Implats, the company donated food hampers...
Tharisa due to consider Selous PGM project proposal by end of year
THARISA said it was due to present a development proposal for a platinum group metals (PGM) mine in Zimbabwe before the year-end after resuming drilling on the project at the end of last year and completing technical...
Amplats H1 earnings soar, declares record dividend
Anglo American Platinum (Amplats) on Monday posted a near 7-fold increase in half-year earnings and paid a record dividend as higher metals prices and increased output boosted profit, sending its shares higher.
The precious metals miner declared...
David Brown to resurrect Zimbabwe gold mines
DAVID Brown’s association with Zimbabwe’s mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former President Robert Mugabe, in an...
UNKI performance increases production despite Corona virus challenges
Zimbabwe’s second-largest Platinum producer Unki Mines, a subsidiary of the Anglo-American Platinum’s productions increased by 14 percent in the quarter ended 30 September 2020 compared to the comparable quarter in 2019.Shantel ChisangoChief Executive Officer (CEO) of...
$500 million funding for Great Dyke Investments (GDI)
Great Dyke Investments (GDI) has cleared an important hurdle to develop what would be Zimbabwe’s largest platinum mine.GDI, 50% owned by Russia’s Vi Holdings and Zimbabwean investors, said the African Export-Import Bank had completed a due...
South Africa’s power cuts weigh on miners’ investment decisions
Increasing disruptions to power supply from South Africa’s struggling utility Eskom could hit mining companies plans to invest, two top industry executives warned on Wednesday.“I think the impact of Eskom is far more pronounced than the impact of...
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