Mining

Mining

THE Mines and Minerals Amendment Bill (2016), which will soon be crafted by Parliament, will be a crucial step towards modernising mineral legislation in the country given that the principal Act, crafted way back in 1961, is now archaic. ...

Zimbabwe Platinum Mines’ (Zimplats) tonnes mined for the half-year-ended December 31, 2015 increased by 30% to 3,27 million from the same period in 2014 due to the ore supply contribution from the Ngezi South open pit. ...

GOLD producer Metallon Corporation says workers at one of its units have embarked on an industrial action over a backlog in wages. ...

Falling commodity prices will slowdown Zimbabwe’s resource-driven economy, the Chamber of Mines of Zimbabwe (CoMZ) has said. ...

Murowa Diamonds has committed $60 million in the next four years as part of its expansion and development programme to increase revenue and ramp up output, signalling its confidence in the future of the diamond sector. ...

Following the collapse of a $750 million Zisco/Essar deal last year, a lot has been said with no comprehensive answers of what really went wrong. NewsDay business reporter ...

GOLD output at Caledonia Mining Corporation’s subsidiary, Blanket Mine went up by 2,5% to 42 806 ounces in 2015 compared to the same period in 2014 ...

THE mining sector will surpass the 20 tonnes target set by government for gold production in 2016, with half of the production coming from the small-scale miners, Zimbabwe Miners’ Federation (ZMF) national chairperson, Lufeyi Shato has said ...

THE Zimbabwe Mining Development Corporation (ZMDC) is doing due diligence on a Chinese firm which wants to revive Kamativi Mine. ...

Government is seeking partners for exploration designed to collate the value of the country’s mineral resources ...

MIMOSA is engaging authorities together with the Chamber of Mines to have the 15% export levy on un-beneficiated platinum group metals (PGMs) deferred, as it is impacting on the business, its parent company Aquarius Platinum has said. ...

Government is looking for an investor to resuscitate a gold refractory plant in Kwekwe. ...

Resources group RioZim has placed orders with a Chinese firm for the manufacture of a plant with capacity of processing up to 2 500 tonnes of ore per day, as it moves to revive Cam and Motor Mine. ...

The slump in world mineral prices calls for a paradigm shift in the manner resources are managed in Zimbabwe so that the country retains maximum value to feed into the national economy, stakeholders have urged. ...

THERE is need for gender-responsive work in the extractive industry sector to ensure resource-led development is transparent, equitably distributed, and done in ways that result in the well-being of women, men, youth and children, a United Nation (UN) official has said. ...

ZIMASCO says there is need for extensive exploration so more chrome ore bodies can be identified to enable cost-effective mining of the thin chrome ore seams of the Great Dyke. ...

Metallon Corp plans to reopen its Redwing gold operation in Zimbabwe and develop it into the company’s top-producing mine as it lowers costs. ...

Zimbabwe’s mining firms will struggle to remain viable if the trend in falling prices of platinum group metals (PGM) persists, a leading research firm has warned. ...

British investors interested in the local diamond industry have to consult the embassy in Harare for advice as the sector is politically sensitive, a new report has warned. ...

The mining sector has so far released $38 million out of the $176 million it pledged to Community Share Ownership Trusts (CSOT), an official has said. ...

The State-run Zimbabwe Mining Development Corporation (ZMDC) says it is negotiating with a number of potential investors to partner it in exploring for more diamond reserves. ...

CANADA-BASED Caledonia Mining Corporation plans to invest $50 million to expand operations at its Blanket Mine in Matabeleland South between next year and 2017. ...

RIOZIM is set to raise money from existing shareholders to resuscitate mining activities at Cam & Motor Mine which has been closed for the past 46 years. ...

THE government is set to move in and plug leakages in the mining sector where minerals have been spirited out of the country,. ...

PLAYERS in the mining sector are set to record mixed fortunes in the second half of the year due to depressed commodities prices and low output from various minerals. ...

RIOZIM Limited saw losses widening to $7,5 million in the half year ended June 30 from $2,85 million in the same period last year . ...

ZIMBABWE Platinum Mines Limited has stopped all mining operations at its Bimha Mine and it could lose up to 70 000 platinum ounces. ...

THE mining sector revenue collection for royalties surpassed its target by 45% to $112,6 million for the first half of the year due to collections boosted by the debt set-off done in March. ...

ZIMBABWE Mining Development Corporation’s (ZMDC) subsidiary Elvington Gold Mine says its revival has been in limbo ...

Despite facing facing funding constraints,the gold producer, Metallon Gold Zimbabwe anticipates to increase its gold out by 60% to 30 700 ounces ...