Search results: price of gold

Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that...

Zimbabwe’s gold export receipts have spiked 15% to US$147.3m in February and March this year from US$128m recorded during the comparative period last year on the back of firming international gold prices, latest data has shown.The...

Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China.Tangshan, China’s top steelmaking city, said last month it will punish firms that either have not taken the steps spelled out under its...

Gold delivery volumes bounced back into positive territory for the first time in more than a year with the local bullion market reporting a growth in deliveries in March, owing to the slowing down of rains.Official...

A gold buying war has erupted in the industry pitting the newly formed indigenous grouping and a long existing cartel that has been accused of manipulating prices of the yellow metal, Business Times can report.Well-placed sources in the...

South Africa’s National Union of Mineworkers (NUM) said on Wednesday it planned to seek a hike of at least 15% in a three-year wage deal at upcoming negotiations with gold miners and state utility Eskom.NUM said...

Zimbabwe could have lost gold worth US$1.67bn last year through smuggling and unfavourable mining policies which negatively impacted on the competitiveness of the sector, Fidelity Printers and Refiners (FPR) general manager Fradreck Kunaka, has said.Kunaka said...

Africa’s biggest fund manager and a key investor in South African gold companies said any consolidation in the sector must benefit the country as well as shareholders. The Public Investment Corp., which manages 1.91 trillion rand ($128...

Canada’s B2Gold (TSX: BTO) said the Mali government had not renewed the Menankoto exploration permit, which formed a part of the Anaconda area and is located 20 kms north of its flagship Fekola mine license area. The Vancouver-based company...

Due to the increasing concerns over gold smuggling and leakages, gold buyers in the country have created the “National Gold Buyers Association” aimed at improving gold production and deliveries to Fidelity Printers and Refiners to achieve...

Despite gold deliveries to Fidelity Printers and Refiners (FPR) taking a knock in 2021 as compared to previous five years, Pedzisai 'Scott' Skupwanya through his Better Brands Jewellery company has delivered 980 kgs of gold so...

THERE are no compelling reasons yet for Zimbabwe to increase the number of gold authorised refiners because its bullion output still falls far short of the minimum thresholds required to sustain the profitability of multiple refinery...