Bindura Nickel records $13,5m profit
AFRICA’s only integrated nickel mining and smelting company Bindura Nickel Corporation realised a profit after tax of US$13,5 million for the year ended March 31, 2019, compared to the US$5,8… Read more »
Category: Mining
Invictus, Sable seal gas deal
AUSTRALIA Stock Exchange (ASX)-listed miner, Invictus Energy, has signed a memorandum of understanding with Zimbabwe’s leading fertiliser producing firm, Sable Chemicals, towards securing natural gas from Muzarabani. Following results of… Read more »
Miners Left With Only 12 Days’ Supply Of Coal
Coal producers say that they are left with only 12 days’ stockpiles of coal due to challenges in acquiring diesel to run their machines. The development could worsen the already… Read more »
US$2m boost for Matobo gold miners
A CHINESE firm, Livetouch Investments, in partnership with the Zimbabwe Miners Federation (ZMF) plans to invest US$2 million is setting-up a gold service centre and purchasing of mining equipment for… Read more »
Blanket Mine completes $44m shaft sinking project
CALEDONIA Mining Corporation says shaft sinking at the new Central Shaft at Blanket Mine has been completed under an estimated $44 million investment. In a statement, the mining group, which… Read more »
Diesel shortages hit coal miners
Zimbabwe’s coal miners are battling to meet demand as producers of the fossil fuel used for power generation are struggling to get enough diesel, an industry official said. Zimbabwe is… Read more »
Caledonia Mining completes shaft sinking at Blanket mine
“We now commence the equipping phase, which will take approximately 12 months, after which we can commence the production ramp-up towards our target of 80,000 ounces of gold in 2022.”… Read more »
$12 billion mining target achievable, says Chitando
Government has embarked on several mining projects including resuscitating mines that have closed shop to achieve the target of $12 billion for the mining sector by 2023 set by President… Read more »
Mine workers get salary adjustment
THE Chamber of Mines of Zimbabwe has acceded to workers’ demands for salary adjustments and agreed to settle for a 35 percent salary hike to cushion them from inflation. The… Read more »
ZMF urges Government to speed up Mines Bill amendment process
GOVERNMENT should speed up the amendment process to the Mines and Minerals Amendment Bill to create a proper legal framework that will address sticking issues in the mining sector, small-scale… Read more »