Mining News

3 months ago | May 28, 2019

BHP sees coal era ending

The BHP Group, the world’s biggest miner, sees the outlook for thermal coal as challenged and won’t add production as it ...

4 months ago | May 3, 2019

RioZim in trouble

RIOZIM Limited says foreign currency shortages experienced last year, plunged the firm in “material uncertainty”, but ...

Zimplats records 2pc output increase

The country’s largest platinum producer, Zimbabwe Platinum Holdings (Zimplats), has reported a 2 percent rise to 1 707 ...

Central banks buy gold in quest for safety

Net buying by central banks reached 145,5 tonnes in the first quarter, 68 percent higher year-on-year. This is the ...

Use it or lose it concept spot on — Miners

GOVERNMENT should expedite the implementation of the”use it or lose it” concept as announced by President Mnangagwa so ...

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to inject capital into Lancashire Steel in a joint venture ...

4 months ago | April 17, 2019

Heritage Diamond project to begin in 4 months

The Heritage Diamond project can become operational in four months’ time, Vast Resources CEO Andrea Prelea has said.

Blanket gold production slows . . . but still on course full year

Caledonia Mining Corporation, the owners of Blanket Mine in Zimbabwe, says the mine is still expecting to produce ...

4 months ago | April 12, 2019

Russia to build $4 billion platinum mine

Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a ...

Govt pursues favourable mining policies . . . to attract more ...

To pursue meaningful and increased exploration, fully capitalise on economic benefits and increase investment in the ...

Vast Resources restructures balance sheet

Diversified mining group Vast Resources Plc says the selling off of its stake in its linchpin Zimbabwean gold asset is ...

5 months ago | March 29, 2019

Govt to explore lithium, mangenese

GOVERNMENT is moving to explore and expand the exploitation of the country’s previously untapped high value minerals ...

Lithium miner eyes rechargeable batteries market . . . Prospect ...

AUSTRALIA Stock Exchange (ASX) listed Zimbabwe lithium producer Prospect Resources, says it is well positioned to tap ...

5 months ago | March 22, 2019

$100m more for small-scale miners

Fidelity Printers and Refiners (FPR) will this year mobilise $100 million to bankroll small-scale mining operations in ...

RBZ avails RTGS$21m for small-scale mining

The Reserve Bank of Zimbabwe (RBZ) has availed RTGS$21,7 million to assist women and youths in small-scale mining to ...

Kingsgate receives $82m from insurance case

Australian-based gold miner Kingsgate Consolidated has settled insurance proceedings against the Royal Thai Government ...

Masvingo quarry firm growing in leaps, bounds

Located 7km from Masvingo City along the Bulawayo Highway, is one of the fastest growing mining firms in the province ...

5 months ago | March 15, 2019

40 tonnes gold target attainable: Fidelity

State gold buying arm, Fidelity Printers and Refineries (FPR), is confident deliveries of the yellow metal will this ...

PPC awaits determination of effective date of currency conversion

Listed cement manufacturer PPC Zimbabwe, says it will utilise the RTGS dollar as its book-keeping currency, but still ...

Govt proposes US$6m investment for tungsten project

Government has proposed to invest US$6 million to resuscitate operations at its 51 percent owned RHA Tungsten Mine.