Search results: gold prices

Miners are using their strong balance sheets to reposition for long-term growth, particularly in critical minerals, which accounted for two-thirds of last year’s M&A deals, while gold deals were down 50% as precious metals’ dominance of...

Minerals Marketing Corporation of Zimbabwe (MMCZ) General Manager Mr Tongai Mzenda interview. Can you please tell us about yourself and as the person at the helm of the Minerals Marketing Corporation of Zimbabwe (MMCZ) what does your...

ZIMBABWE is home to 60 different types of minerals, 40 of which have been traditionally exploited to varying degrees.Platinum group metals (PGMs), chrome, gold, coal, and diamonds are the main minerals. Other minerals found in the...

The Government of Zimbabwe has recently gazetted that half of the mineral royalties for gold, diamonds, platinum group metals (PGMs) and lithium will be paid in the commodities themselves and the remaining half paid in cash...

Yesterday government gazetted Statutory Instrument (SI) 213 of 2022 which stated that no lithium-bearing ores, or un-beneficiated lithium whatsoever, shall be exported from Zimbabwe to another country except under written permission of the Minister.The ban however...

RioZim Limited (RioZim) says power supply challenges remain a key risk to the sustainability of its operations. Despite the company putting in place diesel generators to lessen production stoppages, in its trading update for the third quarter...

Zimbabwe has been losing a lot of its coloured gemstones through smuggling with the Minerals Marketing Corporation of Zimbabwe (MMCZ) estimating that 90 per cent of the stones are not benefiting the country.Rudairo MapurangaAccording to MMCZ...

Tharisa is in talks with French energy company Total Eren for a 300MW solar plant for Karo Platinum, a new mine being developed near Selous.Land has been allocated for the solar farm and the company will...

Interview: Collin Chibafa - Chamber of Mines of Zimbabwe President.Thank you for taking the time from your busy schedule to speak to us. A brief introduction of yourself?Collin Chibafa (CC): Collin Chibafa is a Chartered Accountant,...

Exports of minerals during the first half of 2022 rose by 32 per cent to US$2 899.0 million from US$2 193.8 million recorded for the same period in 2021 on account of higher production, Reserve Bank...

Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase government revenues.The country is the world’s third-largest producer...

Mining often sets up a direct competition with small-scale agriculture for control of land.“Si a la vida, no a la mina” (Yes to life, no to the mine) is a rallying cry heard across many parts of...