Search results: gold prices

Global mining companies have slashed spending on grassroots exploration to a historic low. The share of global budgets allocated to early-stage exploration, primarily for nonferrous metals, dropped by 8% in 2024, bringing the total to just...

Hurungwe District, located in the Mashonaland West Province of Zimbabwe, is endowed with a diverse array of minerals, making it an attractive destination for mining investment. From gemstones to industrial minerals and precious metals, Hurungwe holds...

Mberengwa District, located in Zimbabwe’s Midlands Province, is a treasure trove of mineral resources, offering exceptional opportunities for investment in the mining sector. The district boasts a wide variety of minerals critical to domestic industries and...

Over the past three decades, the copper mining industry has witnessed a troubling trend: the number of major copper discoveries has sharply declined, despite a significant rise in exploration budgets, Mining Zimbabwe reports.By Rudairo MapurangaThis paradox,...

Insiza District in Matabeleland South province of Zimbabwe is rich in diverse mineral resources, offering significant opportunities for investment and development in the mining sector. The rural district is strategically positioned with extensive deposits of key...

Mutapa Investment Fund-owned Kuvimba Mining House (Private) Limited (KMH) has announced the appointment of a new board, with Mr Justin H. Mupamhanga retaining Chairmanship, Mining Zimbabwe can report.By Rudairo MapurangaThe appointments, effective October 1, 2024, were...

Victoria Falls Stock Exchange-listed, gold-focused miner Caledonia Mining Corporation's Blanket Mine has been honored with the prestigious Continual Improvement Award at the Association of Mine Managers of Zimbabwe (AMMZ) Safety, Health, and Environmental (SHE) Awards, Mining...

Zimbabwe Stock Exchange-listed rubber and chemicals manufacturer General Beltings (GB) Holdings is optimistic that the anticipated recovery in Zimbabwe’s mining sector, driven by a rebound in PGMs prices, will provide a significant boost to the company’s...

Zimbabwe's mining sector is facing a severe crisis as a new fuel levy of US$0.005 per litre worsens existing challenges, including crippling power cuts and skyrocketing operational costs. Already burdened by an effective tax rate of...

Platinum Group Metals producer Zimplats dominated the 2024 Mine Rescue Competitions, with both its teams securing first place in the Proto (donning) and Fresh Air (non-donning) categories.By Ryan ChigocheThis year, eight teams competed in the donning...

RioZim’s diamond associate, RZM Murowa, recorded a slight increase in diamond production during the first half of 2024, although profitability remained under pressure due to a downturn in global diamond prices, Mining Zimbabwe reports.By Rudairo MapurangaAccording...

In 2024, the platinum market is experiencing a significant deficit for the second consecutive year, according to the World Platinum Investment Council. This situation is primarily driven by robust demand and ongoing supply challenges. Despite these...