Search results: China

Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent US dollar cash payments to small gold miners.This came after RBZ unit,...

Gold futures fell from a four-week high as a promising study for an experimental coronavirus vaccine curbed demand for the metal as a haven.Moderna Inc. said its vaccine tests yielded signs it can create an immune-system...

Mining analysts are predicting a strong 2020 for Gold prices. An ostensible Covid-19 prompted global recession is set to result in investors exchanging cash deposits for physical gold as a haven against a likely depreciation of...

GOLD production in the small-scale mining sector is projected to drop by 29% to 12 tonnes this year due to disruptions caused by COVID-19, an official has said.The sector, which accounts for more than 60% of...

The current Covid19-related economic challenges both locally and throughout Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent.This can...

Zimbabwe Consolidated Diamond Company (ZCDC) board members have resigned en-masse in alleged protest over government’s decision to award part of Chiadzwa diamond fields to Chinese firm, Anjin, citing lack of consultation.Anjin Investments, jointly owned by Anhui...

Global gold holdings are said to have held firm at 1 083.8 t in the first quarter of the year, marking a rise of 1% on the same period last year, according to the World Gold Council’s (WGC's) latest...

Rio Energy, a unit of RioZim, will build a 2,100-megawatt thermal power plant with China Gezhouba Group Corporation (CGGC) in northern Zimbabwe at a projected cost of US$3 billion, Rio Energy has announced.The power plant at...

Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with future trends difficult to predict as Coronavirus disrupts international buying and selling...

World Gold prices fell 2 per cent as investors opted for riskier assets following news of US President Donald Trump’s plans to restart the US economy and promising early data related to a potential COVID-19 treatment....

Market-leading solutions research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency...

Portnex has shut down its Zimasco Ferrochrome plant in Kwekwe after prices of the alloy fell to four-year lows on weak demand caused by the coronavirus outbreak.The closure places at risk hundreds of jobs at one...