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Search results: gold prices

I am still in charge – Kunaka

Fidelity Printers and Refiners (FPR) general manager, Fradreck Kunaka, says he is still in charge at the country’s sole buyer, refiner, and exporter of gold until the board “completes the process of the proposed unbundling of...

Fradreck Kunaka leaving Fidelity

Fidelity Printers and Refiners (FPR) general manager, Fradreck Kunaka, is leaving Zimbabwe’s sole buyer, refiner, and exporter of gold, at the end of this month after six years at the helm, a local publication revealed.Well-placed sources...

Covid-19’s impact on the mining sector in 2020

Despite being exempted from operating throughout the Covid-19 pandemic period, the mining sector faced several challenges that saw the chrome industry grinding to a halt. Unki Mines, Hwange Colliery Company Limited and How mine confirmed some...

Fidelity refinery unbundling just a change in shareholding structure

On the 15th of December, the Reserve Bank of Zimbabwe informed the public that at its meeting on 9 December 2020, the Bank’s Board of Directors resolved to dispose of Tuli Coal (Private) Limited to the...

Minerals not benefiting the country, Mtisi

Mineral resources in Zimbabwe are being lost and not benefiting the country except a few companies and individuals especially in the gold and diamond sectors. Speaking in an a-no-holds-barred interview with Open Parly ZW, Zimbabwe Environmental Law...

Ncube emphasises on mining legislative reforms to curb leakages

FINANCE Minister Mthuli Ncube has said mining legislation needs to be reviewed in order to ensure transparency and curb leakages in the mining sector, enhance exploration of the country’s minerals, and computerisation of mining which is...

Putting the mining sector economic stimulus package to effective use

In lieu of the burden that has been set upon the Mining Sector, and the Zimbabwean economy at large, by the Covid-19 pandemic, His Excellency, President Emmerson Mnangagwa, on 1 May 2020, announced a Zwl$18 billion...

Implications of the COVID-19 and the recent lockdown lift on the Zimbabwean Artisanal and Small-Scale Mining (ASM) sector

Initially, the ASGM sector had been rendered non-essential, and operators were placed under lockdown with other non-critical sectors. However, miners and other stakeholders advocated for an exception, articulating the sustainability challenges arising from the lockdown, and...

Caledonia Mining says 2019 earnings will be ‘substantially higher than market expectations’

Caledonia Mining Corporation says earnings for 2019 will be “substantially higher” than forecast on firmer gold prices, higher than expected output and costs that were lower than projected.The Toronto-listed company runs the Blanket gold mine near...

Caledonia surpasses its production target

Caledonia Mining Corporation's Matebeleland based miner Blanket Mine has exceeded its yearly production target after breaking quarterly gold production for the year ended December 31, 2019, due to an improvement in the electricity supply the company's...

Caledonia Mining rewards shareholders

Harare (New Ziana) – Caledonia Mining Corporation continues to rise above the current economic challenges affecting Zimbabwe, declaring a 9.1 percent dividend increase in the 4th quarter of 2019 and remaining on course to commission a...

EPOs a case of misplaced concern?

The debate around Exclusive Prospecting Orders (EPOs) has been in public domain for over a year now with many small-scale and artisanal miners determined that EPOs are a malevolence that needs to be dealt with to...

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