Search results: gold prices

The Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya, has called on miners to ramp up production to compensate for potential declines in mineral prices.Precious metal prices were generally subdued last year, occasioned by weak safe...

The Minerals Council South Africa on Friday expressed its concern about the consequences of The Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far, received notices of...

Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job...

A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the...

In an endeavor to eradicate an inflationary environment in Zimbabwe that can be said to have possibly been caused by the previous monetary policy which its aim was to stabilize the bond and create a stable...

South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions...

Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part...

Resources group, Zimplats Holdings Limited’s profit for the quarter to December 2018 jumped 56 percent to $63,8 million from $40,7 million achieved in the prior year comparative  period with the miner making more money from palladium...

Zimbabwe’s largest platinum producer, Zimplats, reported a 10% increase in revenue to $152,9 million in the quarter ended December 30 buoyed by firm metal prices on the international market. During the quarter under review, gross revenue per...

Mining is one of Zimbabwe’s largest foreign currency earners, contributing more than 60% of the forex earnings. It also constitutes about 15% of gross domestic product (GDP), between 8 to 12% of government revenue and more...

The mining sector earned more than US$3,4 billion last year, driven by high international metal prices and record breaking output particularly for gold, diamonds, chrome and nickel.This saw the Zimbabwe Revenue Authority (Zimra) getting over US$95...

THE country is targeting to upscale its engagement for re-accreditation into the London Bullion Market this year as Government seeks to optimise earnings from gold through participation on a global market.Last year, Zimbabwe had a strong...