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Tag: zimbabwe mining news
Zimplats seeks clarity on Indigenisation Act
The country’s biggest platinum producer, Zimbabwe Platinum Holdings (Zimplats) says the Indigenisation and Economic Empowerment Act (Chapter 14:33) is yet to be amended to...
China in gold-buying spree
China has added more than 100 tonnes of gold to its reserves since it resumed buying in December, reinforcing its standing as one of...
Blackout fears as coal stocks plunge
Hwange Thermal Power Station, the country’s second largest power plant, is operating with critically low stocks of coal due to low supplies from the...
PPC CFO steps down
Cement company PPC and its chief financial officer have “mutually agreed to separate”, the company announced yesterday.PPC is listed on both the Johannesburg Stock...
Hunt for palladium sends SA miners abroad
JOHANNESBURG. — Southern Africa is home to the world’s richest platinum deposits, but when Impala Platinum Holdings pondered how to invest its windfall profits...
Oil prices rise Oil prices rise
LONDON. — Oil rose yesterday following media reports that China was open to agreeing a partial trade deal with the United States, while unrest in...
New dates for mining indaba
THE Zimbabwe Miners Federation (ZMF) has announced November 5 and 6 as the new dates for the Semi-precious Stones Convention, which is set to...
Panner dies in mine shaft fall
A GOLD panner died after he fell into a 20-metre-deep mine shaft in Umzingwane while illegally prospecting for the mineral.Matabeleland South provincial police spokesperson,...
Gold holds firm
Gold prices yesterday held on to the previous session’s gains, as fading hopes for progress in US — China trade talks hit risk appetite,...
Eureka tipped to be major gold producer
Delta Gold’s Eureka Mine near Guruve in Mashonaland Central Province, is set to become the country’s largest gold producer within the next two years...
ZCDC plans huge diamond output leap
The Zimbabwe Consolidated Diamond Company (ZCDC) said on Friday it is aiming to ramp up output to 10 million carats per annum in the...
Hwange Power Station increases output
THE Zimbabwe Power Company (ZPC) says Hwange Power Station is now generating an average 500 megawatts per day after the refurbishment of unit 5,...
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