Search results: gold prices

MINING concern Zimplats has warned that a possible dispute overpayment of taxes with the government could have an impact on future financial results.This was revealed by the platinum miner in its financial results for the year...

Platinum group metals (PGM) producer, Zimplats’ capital expenditure dropped 9.3 percent to US$104 million in the year to June 2020, compared to the same period last year, according to a preliminary report released by the group...

Zimplats will not pay dividends for the year ended June 30 2020 due to the uncertainty created by the Covid-19 pandemic despite the white metal producer recording an 81% increase in profit after tax to US$261.8m.The...

Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, the country’s mining minister said in an...

Platinum giant Zimplats recorded a net profit of US$261.8 million for the financial year ended June 30, 2020, an 81 percent increase compared to the same period last year.The profitability was on the back of an...

ZIMBABWE’S second-largest diamond miner, RioZim Limited, sees demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.With jewelry stores closed, cutters and polishers stuck at...

Mounds of black chrome shimmer along the highway that runs through this area, as mine workers labour near heavy machinery marked with Chinese writing.The workers toil about 5 kilometers (3 miles) from the road, at a...

The Chamber of Mines of Zimbabwe (CoMZ) has bemoaned policy inconsistency by the government saying this can scuttle efforts to attain the envisaged US$12 billion mining industry economy by 2023.Benard RinomhotaTowards the end of last year,...

IMPROVED production and increase in mineral prices has heightened the Government’s confidence to have the sector achieve the US$12 billion mark in the next three years.In the country’s economic blueprint, the Transitional Stabilisation Programme (TSP), mining...

Following close to one and half decade search for investors, state-owned Zimbabwe Mining Development Corporation (ZMDC) has finally secured equity partners for most of its mining assets.ZMDC, the holder of vast mineral resources including platinum, gold,...

South Africa’s gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines may be next.Beset by power and water shortages, alongside whipsawing government policies, South...

In its latest mining sector and communities situational report, the Zimbabwe Environmental Law Association (Zela) said small-scale chrome producers were facing challenges to access markets for their chrome.ZIMBABWE’S small-scale chrome miners are stuck with tonnes...