RBZ resolves gold forex crisis
Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent US dollar cash payments to small… Read more »
Category: Mining
Gold miners get 100pc USD
State gold buying entity, Fidelity Printers and Refineries (FPR), has finally yielded to pressure from gold miners and will with immediate effect settle payments 100 percent in US Dollars. FPR… Read more »
Erratic power supplies cripple Murowa output
MUROWA Diamonds recorded a seven percent decline in output to 685 000 carats in the financial year ended December 31, 2019 due to erratic power supplies. In the comparable period… Read more »
Fidelity struggles to pay miners
Fidelity Printers and Refiners has reportedly been failing to pay small scale gold miners on time as Covid-19 restrictions have limited flights into the country, thereby affecting smooth importation of… Read more »
Hwange Colliery coal volumes spike
HWANGE Colliery Company Limited has recorded a 50 percent increase in coal production to 175 849 tonnes in the quarter ended March 31, 2020 from 117 165 tonnes achieved in… Read more »
Hwange slashes net loss by 65pc
Troubled Zimbabwe Stock Exchange-listed coal mining entity, Hwange Colliery Company Limited (HCCL) recorded a reduced net loss for the first quarter to March 2020 compared to the same period last… Read more »
‘Zim can outpace South Africa’
Zimbabwe has potential to be an investment hub for platinum mining ahead of South Africa, which can enhance export earnings and drive economic growth, according to analysts. Fermain Limited mining… Read more »
New platinum mine on schedule
The new platinum mine being developed by Great Dyke Investments at Mwendamberi is on schedule to start mining by year end. Minister of Mines and Minerals Development Winston Chitando and… Read more »
China backing Africa’s coal projects alone
For more than two decades, Zimbabwe has been trying to break ground on a giant coal-power complex by the world’s biggest man-made reservoir. China just agreed to get the $4,2… Read more »
Premier African Minerals eyes 7% stake in Namibian firm
ZIMBABWE-focused miner, Premier African Minerals (Premier), seeks to acquire a further 7% stake at Namibian MN Holdings Limited (MNH) for US$700 000, a move expected to be a cash-generative asset… Read more »