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Zimplats earns more money from Palladium than platinum

Resources group, Zimplats Holdings Limited’s profit for the quarter to December 2018 jumped 56 percent to $63,8 million from $40,7 million achieved in the prior year comparative  period with the miner making more money from palladium...

Zimplats reports 10% increase in revenue

Zimbabwe’s largest platinum producer, Zimplats, reported a 10% increase in revenue to $152,9 million in the quarter ended December 30 buoyed by firm metal prices on the international market. During the quarter under review, gross revenue per...

Need for mining players to merge forces

Mining is one of Zimbabwe’s largest foreign currency earners, contributing more than 60% of the forex earnings. It also constitutes about 15% of gross domestic product (GDP), between 8 to 12% of government revenue and more...

South Africa miners supports restructuring of struggling Eskom

South African miners support a restructuring of struggling state power firm Eskom to boost competition in the electricity supply industry, an industry body said on Wednesday, warning that tariff hikes alone would not solve Eskom's problems.Top...

Vedanta’s Zambia unit expansion plans continues despite tax increase

Vedanta Ltd.’s Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers.“Our actions are designed to sustain and...

Mining earned more than 3,4 billion

The mining sector earned more than US$3,4 billion last year, driven by high international metal prices and record breaking output particularly for gold, diamonds, chrome and nickel.This saw the Zimbabwe Revenue Authority (Zimra) getting over US$95...

Mining industry focuses on automated systems

It is not a secret that the mining industry has historically been extremely conservative, and it has always been difficult to bring miners to experiment in the production, which has been developing for centuries. But the...

Negotiations for return to London Bullion Market commence

THE country is targeting to upscale its engagement for re-accreditation into the London Bullion Market this year as Government seeks to optimise earnings from gold through participation on a global market.Last year, Zimbabwe had a strong...

Miners request at least 80% forex

MINE workers and the Chamber of Mines have agreed to approach the government and table a request for the sector to get at least 80% of their foreign currency earnings, businessdigest has learnt.This comes at a...

Vast Resources plc notice of General Meeting

Vast Resources plc, the AIM listed mining company with operating mines in Romania and Zimbabwe, announces that a Chairman’s Letter including a Notice of General Meeting of the Company will be posted to shareholders today, 15...

Is there need to strip off Fidelity monopoly?

In November the Parliamentary Portfolio Committee on Mines and Mining Development advised that the government strip off Fidelity Printers and Refiners (FPR)on their position as the only legal gold buyer and exporter to promote competition, in...

Chinese mining group exit Zimbabwe

Chinese mining and exploration group ASA Resources Group says it is tying up a deal to sell-off its shareholding in Bindura Nickel Corporation (BNC), which will see it exit the Zimbabwean market.ASA operates Freda Rebecca, the...

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