Search results: gold prices

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...

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has assured international stakeholders that demand for chrome ore, ferrochrome and other chrome related products remains very high, thus investing in the sector remains lucrative.Presenting at the just- ended...

One of Zimbabwe’s leading gold and diamond producer, RioZim which recorded a net loss of USD 2.3 million against a net profit of USD 8.1 million achieved in the prior year, blames government's position on currency...

The world’s biggest platinum producer is preparing for tough wage negotiations as higher metal prices spur labor union demands.Talks over a new three-year industry deal are looming as the so-called rand basket price for platinum and...

Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.The discovery comes...

Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater.The...

CALEDONIA Mining Corporation (Caledonia) gold production was down three percent to 54,511 ounces during the full year ended December 31, 2018 compared to 56 133 ounces recorded in prior year due to lower grade.Steve Curtis, Caledonia chief executive...

Small scale miners in Manicaland have welcomed Government’s initiative to establish the first one stop gold processing centre in Odzi, saying it would comprehensively bring back sanity in the sector. The Zimbabwe Mining Development Corporation (ZMDC) and...

When you think of investing in precious metals, you probably think about gold and silver. It makes sense. These metals have been widely accepted as currency and stores of value for centuries. But newer types of metals have recently...

The Shares in Caledonia Mining Corporation PLC (LON:CMCL) took a bit of a dive at the end of February after the Zimbabwe government announced that it was ending its export credit incentive scheme.Under the terms of this scheme,...

The Stotle: Inside Mining Zimbabwe interviewer Rudairo Dickson (RD) met Martin Chitohwa (MC) a veteran in Chrome mining in Zimbabwe who is also a member of Zimbabwe Miners Federation (ZMF) and Miners Marketing Corporation Zimbabwe (MMCZ)...

For the first time in more than a decade, palladium is rivalling gold in value.At its current spot price of just over US$1 300/oz, reaching as high as $1 400/oz in January 2018, it has truly...