Search results: price of gold

ELECTRICITY tariffs will continue to be reviewed in line with inflation and exchange rate movements until they reflect the cost of production, a Cabinet Minister has said.Last month, Zesa effected a 30 percent power tariff hike...

African countries, Zimbabwe included, continue to be haunted by the “resource curse” over failure to use their mineral wealth to transform their economies.They are among resource-rich countries that have seemingly failed to leverage on mining through...

Once again we have had meetings involving the mining industry, and one again we have discussion on the need to add value and to process our minerals before we export them, shipping out bars of metal...

Zimbabwe expects the defunct Kamativi Tin Mine to be reopened as a lithium multi-element ore body operation by 2023.The Matabeleland North-based mine, which is wholly owned by the Zimbabwe Mining Development Corporation (ZMDC), closed in 1994...

HYDROCARBONS and platinum were among the top discussion points at the Chamber of Mines’ three-day annual indaba that ends in Victoria Falls today.Officially opened by President Mnangagwa yesterday, the conference is being held under the theme:...

DIVERSIFIED mining group, RioZim, has taken delivery of equipment for the proposed US$17 million Biological Oxidation (BIOX) plant at the firm’s Cam and Motor gold mining operation in Kadoma.When commissioned, it is hoped that the plant...

Zimbabwean exporters will be rewarded for exporting more, under a raft of new incentives announced by Finance Minister Mthuli Ncube on Monday.Exporters, including miners, currently keep 60% of their foreign earnings in hard currency, while 40%...

Imagine winning a million-dollar lottery but instead of rolling around in opulence and glamor for eternity, you plunge into perpetual poverty. Oil has been referred to as “the black gold”. It is a priceless resource with a...

Industrial metals from copper to aluminium to iron ore have rallied to the highest level in years.  The reasons for their gains are plentiful: Copper — critical for everything from electrical wiring to motors and thus a bellwether for...

OUR recent meeting with Finance minister Mthuli Ncube highlighted that the country had become much more investor-friendly.It was also clear that the positive developments we are seeing today are the result of a plan that was...

Listed resources group RioZim is grappling with low ore grades which saw a 27% drop in gold production to 1.21 tonnes in the year to December 31, 2021 from 1.66 tonnes in the prior year.“The company...

Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate Robert Friedland. Mining companies will have to be “real heroes” and governments will...