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Miners yet to access $1billion credit facility

SMALL scale miners are yet to access the $1 billion credit facility aimed at reviving their operations affected by the outbreak of the global COVID-19 pandemic.On May 1, 2020, President Emmerson Mnangagwa announced an $18 billion...

New investor to set up Gold mine in Masvingo

Mines and Mining Development Minister Winston Chitando says an investor who has shown interest to establish a gold mine in Ngundu, Masvingo province is expected to move on-site by September.Benard RinomhotaRecently, the government announced that it...

Policy inconsistency a hindrance to US$12 Billion Mining Industry

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,...

Mining sector spurs TSP progress

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...

Glencore strategy to underpin cobalt prices post covid-19

A year ago Glencore announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak, hit 18 months before.Given that...

ZMDC surrenders mining assets

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,...

Big boost for Arcadia

…as the company eyes premium glass, ceramic marketsAfrican lithium developer, Prospect Resources, has said its lithium to iron ratio is suitable for the premium glass and ceramics market, in a major boost for the company.There are...

Will BNC benefit from the EVs Story?

Governments and advocates of cleaner environments are pushing for it and platinum producers are having nightmares about it; “The shift towards New Energy Vehicles (EVs)”.Some governments have also declared their intention to grow the share of...

Prospect eyes global glass and ceramics market

ZIMBABWE focused resource commodity company, Prospect Resources, which owns the Arcadia Lithium project says assaying results have confirmed that the company has potential to become the world’s only supplier of premium glass and ceramics market.The mining...

Nine ways Zimbabwe can increase gold submissions

The government last year launched a strategic roadmap to the achievement of a US$12 billion mining industry by 2023 as it ramps up efforts to increase the sector’s contribution to the economy.By Dumisani NyoniUnder the US$12...

Prospect Resources appoints Renaissance as advisor for MoU

Prospect Resources (PSC) has appointed Renaissance Securities as its exclusive merger and acquisitions advisor in relation to an agreement with Uranium One Group This agreement is in relation to the potential sale of Prospect's Arcadia...

Metal prices rise

SINCE lockdown measures to contain Covid-19 around the world have eased industrial metal prices have begun to rise. This was said by ratings and research agency Standard & Poor’s Global (S&P Global).However, even though industrial metal prices...

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