Search results: gold prices

Prospects of Zimbabwe’s economic recovery in the short to medium appears gloom after local mining firms continued battling rising costs, narrowing margins, and subdued commodity prices on the international market, analysts and experts have said.Mining is...

Mining companies are being forced to adjust their operations so as to remain afloat despite the threat of Covid-19, as well as keeping focused towards attaining the US$12 billion mining economy by 2023.In launching the strategic...

Gwanda based Gold producer Caledonia Mining, the 49%-owner of the Blanket gold mine in Zimbabwe, has entered into a sales agreement which will allow the company to raise proceeds to fund the construction of a solar power...

Zimbabwe’s small-scale chrome miners have been hard hit by the unpropitious effects of Covid-19 pandemic with a few that are still operating reportedly being paid between US$30 and US$35 per tonne.The small-scale chrome miners were before...

Zimbabwe’s mining sector is expected to be one of the key drivers for economic growth this year on the back of its export generation capacity.The industry accounts for between 12 and 15% of annual Gross Domestic...

Zimbabwe is upscaling its efforts to be readmitted to the London Bullion Market Association (LBMA) so that it optimises earnings from gold through participation on the global arena, a government official has said.Zimbabwe was booted out...

Stakeholders in the small-scale mining sector see access to finance and technology as key in taking advantage of growth opportunities at a time Zimbabwe is angling for a US$12 billion in the sector by 2023. This is in...

The Competition and Tariff Commission (CTC) has approved Padenga Holdings’ acquisition of a 50,1 percent stake in gold mining company Dallaglio Investments, in a move expected to boost the group’s earnings. The group made the announcement at...

Despite Zimbabwe having vast mineral resources a lot needs to be done to improve the gains from the mineral wealth the country possesses.Mining Zimbabwe had a one-on-one with the Mines Parliamentary Portfolio Committee Chairman Honourable Edmond...

A group of Chrome miners has resolved to form a Chrome miners association as a way of eliminating challenges they face in the chrome business. Unlike gold, the chrome market has few buyers making it susceptible...

Former Kenyan Prime Minister Raila Odinga has said that the post-COVID-19 era should teach Africa to be innovative and business-minded that it won't export raw minerals but processed ones.By Rudairo MapurangaSpeaking through his official Twitter handle...

The current Covid19-related economic challenges both locally and throughout Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent.This can...