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South Africa’s mining industry to support covid-19 vaccine rollout
South Africa’s mining companies will support the government in the rollout of covid-19 vaccines as the nation battles a surge in infections, the industry body said on Friday.Mining companies say they are well placed to support the covid-19...
Prospect not concerned about Zimbabwe sovereign risk
Prospect Resources says it will forge ahead with its Arcadia Lithium project in Zimbabwe despite the country’s risk profile and has put in place measures to minimise potential impact of the sovereign risk.Assays carried out last...
Indebted Zambia pays $400m in VAT refunds to mining firms
Zambia paid 8.5 billion kwacha ($400 million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of the external debt that the southern African country...
Funds still in the driving seat as copper hits fresh highs
London Metal Exchange (LME) copper last week punched up through the $8,000-per tonne level for the first time since February 2013.LME three-month metal touched a high of $8,238 per tonne on Friday and has retraced to a...
Zimbabwe Mining in 2020
The year 2020 was a difficult year for both large producers and small scale miners due to falling commodity prices as well as the impact of the COVID-19 pandemic which ravaged the entire globe.Mostly affected in...
Caledonia Mining Corp secures Connemara
CALEDONIA Mining Corporation Plc has secured exclusive rights to explore and acquire the mining claims in the gold-rich Connemara North area in Gweru as part of efforts to expand its operations.This comes after the company announced...
Covid-19’s impact on the mining sector in 2020
Despite being exempted from operating throughout the Covid-19 pandemic period, the mining sector faced several challenges that saw the chrome industry grinding to a halt. Unki Mines, Hwange Colliery Company Limited and How mine confirmed some...
Moving with the US$12 Billion target
Late last year, the president of Zimbabwe Emmerson Dambudzo Mnangagwa unveiled the US$12 billion road map with aims to developing the mining sector in Zimbabwe to a US$12 billion industry by 2023. However, mining performance in...
Fidelity refinery unbundling just a change in shareholding structure
On the 15th of December, the Reserve Bank of Zimbabwe informed the public that at its meeting on 9 December 2020, the Bank’s Board of Directors resolved to dispose of Tuli Coal (Private) Limited to the...
ASA exits Bindura Nickel Corporation, Kuvimba takes over
ASA Resources has finally exited local nickel producer, Bindura Nickel Corporation (BNC), with local mining entity Sotic International taking up the majority 74,73 percent stake that was held by ASA and its partners, Mwana Africa and...
Nothing will stop the US$12bn target
Covid-19 containment strategies that were activated in different parts of the world have had very little if any effect on Zimbabwe’s march towards the US$12 billion mining industry target, Mines and Mining Development Deputy Minister Hon...
From RioTinto to RioZim: The power of self-sufficiency
RioZim’s story reflects the power behind self-sufficiency. The Zimbabwe Stock Exchange listing arose in August of 1956 as Rio Tinto Southern Rhodesia Limited.It was an incorporation of Rio Tinto plc, an Anglo-Australian multinational mining company founded...
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