Search results: price of gold

Zimbabwe’s mining sector is anticipating to benefit from elevated commodity prices  in the international market  this year with the Russia-Ukraine conflict playing a more prominent role in driving up prices.Export receipts are expected to hit US$6bn  this year as...

IMPALA Platinum Group company Zimplats has posted a 32% year-on-year decrease in net profit to $170.68-million for the six months ended December 31, 2021, compared with a net profit of $250.61-million for the six months ended...

Zimbabwe’s mining industry is engaged in discussions with the government over the punitive tax burden and retention levels, the Mines and Mining Development minister Winston Chitando has said.Miners have been pushing for an option to pay...

One of the major outcomes from the climate summit (COP26) in Glasgow, Scotland last year was the bold call by world leaders to phase out coal as a source of energy – a more radical stance...

The Minerals Marketing Corporation of Zimbabwe (MMCZ) has called on the country’s Small scale, and artisanal mining sector to avoid side marketing and be geared to value add their produce for sustainable returns. Rudairo Mapuranga Speaking at the...

LOCAL mining companies expect to increase mineral output this year on the back of firm international commodity prices, putting them firmly on course to achieving the country’s target of a US$12 billion mining industry next year.For...

Zimplats, the Zimbabwean unit of Impala Platinum, has been granted licences to generate its own power as the firm seeks ways of cushioning operations from intermittent power supplies.Zimbabwe does not generate enough power to meet local...

Zimbabwe’s mining companies need over US$5bn to recapitalise their operation in 2022 to ramp up production and reach optimum levels, the Chamber of Mines of Zimbabwe has said.It is expected that when fully capitalised,  Zimbabwe will reach...

The country’s sole buyer and exporter of gold, Fidelity Printers and Refiners (FPR) says it will “soon” engage the Zimbabwe Revenue Authority (Zimra)  over taxes charged on miners in a bid to attract small scale miners...

Caledonia Mining Corporation Plc has announced that Steve Curtis, aged 65, has notified the board of directors of his intention to retire from his role as CEO with effect from June 30, 2022. Curtis will be succeeded as CEO by Mark Learmonth, Caledonia's current CFO. Mr Curtis will continue to serve...

CALEDONIA Mining Corporation, the parent company for Blanket Mine,is set to issue more shares in respect of its VFEX listing in order to raise more funds than originally anticipated following an extremely positive Zimbabwe investor response.The...

CALEDONIA Mining Corporation yesterday increased its target of funds for a planned listing on the Victoria Falls Stock Exchange (VFEX) to US$8 million after a positive response from Zimbabwean investors, chief executive officer Steve Curtis has...