Mwana reports 19% production increase

Gold production from Aim-listed Mwana Africa’s Freda Rebecca gold mine increased from 11 573 oz in the December quarter, to 14 280 oz in the three months to the end of March. The company attributed the 19% jump to increased mill throughput, as...

Mwana seeks $35m to restart Zim mine, fund DRC activities

Aim-listed Mwana Africa is looking to raise $35-million to restart its Zimbabwe-based nickel project and the funding of its activities in the Democratic of Congo (DRC), the company said on Monday. Mwana, which held a 52.9% interest in Bindura...

Mwana production falls 15%

Gold production from Aim-listed Mwana Africa’s Freda Rebecca gold mine dropped from 13 686 oz in the September quarter, to 11 573 oz in the three months to the end of December. The resources company attributed the lower production rates, which...

173 mining companies submit indigenisation proposals to Zim govt

Dozens of mining firms have submitted indeginisation proposals to government in line with a directive compelling them to do so.

Mwana increases gold output from Zimbabwe mine

Aim-listed resources company Mwana Africa increased its gold production by 27% in the six months ended September 30, as the ramp-up at its Freda Rebecca mine, in Zimbabwe, continues. The company said on Thursday that it produced 10 915 oz of gold...

Zimbabwe shows potential for investments

Although Zimbabwe has been trailing behind the rest of the world in mineral exploration and development, asset management company Imara Capital believe that the total value of minerals produced in the country is ready to increase in the near future.

September output at Zim mine in line with Mwana’s target

Aim-listed Mwana Africa reported on Wednesday that its Freda Rebecca project, in Zimbabwe, had produce 2 600 oz of gold in September - on an annualised basis, the September output was in line with the company's target of producing 30 000 oz/y as a...

Freda Rebecca close to reaching phase-one targeted output – Mwana

The implementation of new mining equipment at Aim-listed Mwana Africa’s Freda Rebecca mine, in Zimbabwe, in July, led to a marked increase in higher-grade underground ore being processed in August. During the miner’s annual general meeting on...

Chamber eyes 30% growth for 2010

The Zimbabwe Chamber of Mines reports that the country’s mining industry could grow by as much as 30% in 2010, should power availability improve within the country and if more working capital is made available to mining companies.

SRK report confirms viable restart of Mwana’s Trojan mine

Mwana Africa said on Tuesday that consultancy firm SRK had completed a competent person's report that confirmed the viability of the restart of its operations at the Trojan mine in Zimbabwe. The report would also enable Mwana's majority-owned...

Mwana says plans advanced to reopen Zimbabwe nickel mine

Aim-listed Mwana Africa generated revenues of £18,8-million in the 2010 financial year, despite only restarting its Freda Rebecca gold mine in Zimbabwe in the second half of the financial year, and its Bindura Nickel Corporation (BNC) remaining...

Mwana to rebuild operations as Zimbabwe’s economic climate improves

The partial improvement in commodity prices, in particular nickel and other base metals, the continued strength in the gold price and improving economic conditions in Zimbabwe were expected to bode well for London-listed resources company Mwana...