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Search results: gold prices
Nigeria says can tap mineral wealth despite covid-19, unrest
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, the country’s mining minister said in an...
Zimplats profit up 81 percent
Platinum giant Zimplats recorded a net profit of US$261.8 million for the financial year ended June 30, 2020, an 81 percent increase compared to the same period last year.The profitability was on the back of an...
RioZim projects bounce in demand after Covid-19 turmoil
ZIMBABWE’S second-largest diamond miner, RioZim Limited, sees demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.With jewelry stores closed, cutters and polishers stuck at...
Tensions Flare Between Local Miners, Chinese Investors
Mounds of black chrome shimmer along the highway that runs through this area, as mine workers labour near heavy machinery marked with Chinese writing.The workers toil about 5 kilometers (3 miles) from the road, at a...
Policy inconsistency a hindrance to US$12 Billion Mining Industry
The Chamber of Mines of Zimbabwe (CoMZ) has bemoaned policy inconsistency by the government saying this can scuttle efforts to attain the envisaged US$12 billion mining industry economy by 2023.Benard RinomhotaTowards the end of last year,...
Mining sector spurs TSP progress
IMPROVED production and increase in mineral prices has heightened the Government’s confidence to have the sector achieve the US$12 billion mark in the next three years.In the country’s economic blueprint, the Transitional Stabilisation Programme (TSP), mining...
ZMDC surrenders mining assets
Following close to one and half decade search for investors, state-owned Zimbabwe Mining Development Corporation (ZMDC) has finally secured equity partners for most of its mining assets.ZMDC, the holder of vast mineral resources including platinum, gold,...
South Africa’s platinum industry forced by virus to look into abyss
South Africa’s gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines may be next.Beset by power and water shortages, alongside whipsawing government policies, South...
Chrome miners stuck with tonnes of ore
In its latest mining sector and communities situational report, the Zimbabwe Environmental Law Association (Zela) said small-scale chrome producers were facing challenges to access markets for their chrome.ZIMBABWE’S small-scale chrome miners are stuck with tonnes...
Gruelling time for Zim miners
Prospects of Zimbabwe’s economic recovery in the short to medium appears gloom after local mining firms continued battling rising costs, narrowing margins, and subdued commodity prices on the international market, analysts and experts have said.Mining is...
Mining sector adjusts operations amid Covid-19
Mining companies are being forced to adjust their operations so as to remain afloat despite the threat of Covid-19, as well as keeping focused towards attaining the US$12 billion mining economy by 2023.In launching the strategic...
Caledonia sells shares
Gwanda based Gold producer Caledonia Mining, the 49%-owner of the Blanket gold mine in Zimbabwe, has entered into a sales agreement which will allow the company to raise proceeds to fund the construction of a solar power...
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