Search results: price of gold

Despite beating a 19-year record in gold deliveries, reports have it that, over 30 tonnes of the gold was smuggled out of the country last year due to unfavourable pricing following the spreading disparity between the...

Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars.President Emmerson Mnangagwa’s government is pinning its hopes on...

MINERAL production in Zimbabwe will decline to around minus 40 % by year end owing to a host of challenges confronting the mining sector, the State of the Mining Industry 2019 survey reports.The report, released recently...

Zimbabwe will have to review platinum group of metals royalties, if it is to fully benefit from the price boom that has been witnessed for palladium, observers have said. Palladium, which for long played second fiddle to...

Confidence among mining executives in Zimbabwe has dipped further this year, hit by worries over power cuts, the foreign currency crisis and an uncertain policy outlook, a new industry survey shows.The Mining Business Confidence Index (MBCI),...

Zimbabwe registered declines in most minerals in the second quarter of this year on the back of worsening power outages, against the backdrop of persistent fuel challenges, foreign currency shortages, and rising inflation, among other factors.However,...

Last week the Minister of Mines and Mining Development unveiled a strategic roadmap for the mining sector, hinged on creating US$12 billion revenues by 2023.Of course, thinking long-term is a welcome departure from the short-term focus...

On Monday, Zimbabwe unveiled a strategic roadmap to propel the country’s mining sector to US$12 billion industry by 2023. Already, the mining sector is the largest foreign currency earner, accounting for 70 percent of export receipts.The...

A complex syndicate involving some Chinese nationals and senior government officials is at the centre of  chrome smuggling in Zimbabwe through under declaration of volumes, which have prejudiced the state of millions of dollars in taxes...

JOHANNESBURG. — Southern Africa is home to the world’s richest platinum deposits, but when Impala Platinum Holdings pondered how to invest its windfall profits it chose North America instead.The acquisition of North American Palladium is partly...

ON Saturday the whole nation woke up to the news that pricing of goods and services in foreign currency is now illegal and heavy penalties will be imposed to defaulters. This comes after Statutory Instrument, SI212...

Despite achieving an increase of 6.4 per cent on gold production in the first quarter of 2019, Caledonia’s Blanket Mine which is also reckoned as one of the biggest gold producers in Zimbabwe has experienced...