Search results: gold prices

Of utmost importance, our country needs more exports in order to attract much needed foreign currency. Zimbabwe has an abundance of gemstones, gem quality, high grade, low grade, and even industrial materials.By Privelage MoyoMost of these...

Zimbabwe Stock Exchange (ZSE) listed major nickel mining concern, Bindura Nickel Corporation (BNC), has a long history almost linked with the very history of nickel mining in Zimbabwe.The company operates nickel mines and a smelter complex...

South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.That’s because palladium and rhodium are mined as by-products, with...

Zimbabwe’s mineral exports rose by 12,7 percent to US$1,59 billion in the first 10 months this year compared to the same period in 2018, according to Minerals and Marketing Corporation of Zimbabwe (MMCZ).The MMCZ is the...

A stamp mill pounds steel against rocks, producing echoes across the pit-riddled fields.Huge boulders, from beneath mother earth, are spread haphazardly alongside uprooted trees.Middle-aged men covered in red soil dust crush rocks in deep pits in...

Closure of mines like Mhangura, Gaths Mine, Shabanie Mine, Kamativi Tin mine, just to mention a few, which were once sources of livelihood and a pillar for many families and the economy at large has caused...

Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars.President Emmerson Mnangagwa’s government is pinning its hopes on...

Zimbabwe will have to review platinum group of metals royalties, if it is to fully benefit from the price boom that has been witnessed for palladium, observers have said. Palladium, which for long played second fiddle to...

Confidence among mining executives in Zimbabwe has dipped further this year, hit by worries over power cuts, the foreign currency crisis and an uncertain policy outlook, a new industry survey shows.The Mining Business Confidence Index (MBCI),...

Zimbabwe registered declines in most minerals in the second quarter of this year on the back of worsening power outages, against the backdrop of persistent fuel challenges, foreign currency shortages, and rising inflation, among other factors.However,...

On Monday, Zimbabwe unveiled a strategic roadmap to propel the country’s mining sector to US$12 billion industry by 2023. Already, the mining sector is the largest foreign currency earner, accounting for 70 percent of export receipts.The...

A complex syndicate involving some Chinese nationals and senior government officials is at the centre of  chrome smuggling in Zimbabwe through under declaration of volumes, which have prejudiced the state of millions of dollars in taxes...