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Search results: Mine Entra 2024

Karo platinum project taking off with solar power tailwind

A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July 2024. “In July 2024, we will put...

Zimplats’ US1,8bn investment strategy remains on course

Platinum group-metals (PGMs) giant, Zimplats, says the implementation of its major projects under the US$1,8 billion investment strategy is progressing according to plan as it seeks to boost production and beneficiation capacity.Zimplats, as part of their...

Magazine

Mining Zimbabwe Magazine Edition 85🚨 Just Released: Mining Zimbabwe Magazine – Edition 85! 📰✨ Mining Zimbabwe Magazine is set to make a high-impact debut at the Investing in African Mining Indaba in Cape Town, marking a significant...

Zimplats lays out expansion plan as FY revenue climbs to US$1.4bn

Zimplats spent US$159.1 million on capital projects over the past year, and has laid out an even bigger budget on an expansion programme to grow platinum output.In the year to June, revenue grew by 56% to...

Zimplats splurges US$159m on capital projects

Zimbabwe’s largest platinum miner, Zimplats has spent US$159.1m on capital projects including mine expansion in the 12 months to June 30, 2021. Zimplats said it has completed redeveloping Bimha Mine. The development of Mupani Mine, the replacement production...

120 year chart shows copper price supercycle only starting

While hedge funds have gone soft on copper, the metal continues to trade within striking distance of all-time highs, but whether this is as good as it gets or just the beginning of a supercycle for the...

Mining group initiates feasibility study for Mat South project

DIVERSIFIED and Zimbabwe-focused mining group, Premier African Minerals has initiated a definitive feasibility study (DFS) and a funding strategy to be applied in future development of its Zulu lithium and tantalum project in Matabeleland South.The Zulu...

key lithium mining projects around the world

Positive project progressions in UK and EU lithium development will bode well for their respective battery supply chains and mission to reduce dependence on Chinese critical raw materials, market analyst Fitch Solutions asserts in its latest industry report. The...

Zimplats’ capital expenditure dropped 9.3 percent to US$104 million

Platinum group metals (PGM) producer, Zimplats’ capital expenditure dropped 9.3 percent to US$104 million in the year to June 2020, compared to the same period last year, according to a preliminary report released by the group...

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...

Unit of Russian energy giant in talks for stake in Zimbabwe’s lithium project, could buy bulk of output

Australian lithium developer Prospect Resources has signed a memorandum of understanding with Uranium One, the Canada-based unit of Russia’s Rosatom, that could see the miner take up a stake in Prospect and buy over half of...

MMG joins Glencore, ERG reviewing Congo plans after tax hike

Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether...

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