Search results: price of gold

Shares worth Z$3.43 billion were traded in Bindura Nickel Corporation (BNC) on Tuesday, as Mauritius-based commodity company Sotic International completed the takeover of Zimbabwe’s biggest nickel producer.The bulk deal comprised 22 trades in 926.8 million shares...

10 Benefits of Investing in the Coloured-Gemstone Mining sector in Zimbabwe by Maison PhiriDiamond vs. Coloured stones.The diamond has been perceived by investors as the king of gemstones due to its gem characteristics that exceed...

Increasing disruptions to power supply from South Africa’s struggling utility Eskom could hit mining companies plans to invest, two top industry executives warned on Wednesday.“I think the impact of Eskom is far more pronounced than the impact of...

MINING concern Zimplats has warned that a possible dispute overpayment of taxes with the government could have an impact on future financial results.This was revealed by the platinum miner in its financial results for the year...

Platinum group metals (PGM) producer, Zimplats’ capital expenditure dropped 9.3 percent to US$104 million in the year to June 2020, compared to the same period last year, according to a preliminary report released by the group...

Zimplats will not pay dividends for the year ended June 30 2020 due to the uncertainty created by the Covid-19 pandemic despite the white metal producer recording an 81% increase in profit after tax to US$261.8m.The...

Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, the country’s mining minister said in an...

Platinum giant Zimplats recorded a net profit of US$261.8 million for the financial year ended June 30, 2020, an 81 percent increase compared to the same period last year.The profitability was on the back of an...

ZIMBABWE’S second-largest diamond miner, RioZim Limited, sees demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.With jewelry stores closed, cutters and polishers stuck at...

Mounds of black chrome shimmer along the highway that runs through this area, as mine workers labour near heavy machinery marked with Chinese writing.The workers toil about 5 kilometers (3 miles) from the road, at a...

Glencore Plc, the top cobalt producer, backed a new initiative to support informal miners in the Democratic Republic of Congo as the industry tries to reassure carmakers about ethically mined supplies of the battery metal.The company,...

Miners and other exporters will now be subjected to foreign currency retention threshold of 70 percent following the success of the auction-based system in improving foreign currency availability for producers.According to the new monetary policy released...