http://www.miningweekly.com
R/€ = 14.61 Change: -0.04
R/$ = 12.48 Change: -0.03
Au 1295.20 $/oz Change: 2.40
Pt 906.00 $/oz Change: 2.49
 

Topic

Aegion South Africa ‘conveys’ improved, cost-effective bulk mineral hydro-transportation solutions in the pan-African mining sector

22nd May 2018 Africa faces the urgent problem of having to address its ageing pipeline infrastructure. Specialist pipeline rehabilitation company, Aegion South Africa, has a range of highly effective solutions to this pressing problem; and has been providing successful project solutions locally and to various... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Company believes commodities will regain positive momentum

18th May 2018 The commodities markets have been taken aback by rising uncertainties, including an early February equity market sell-off and the trade conflict between the US and China. As the second quarter unfolds, some of these uncertainties should be easier to interpret, however, price volatility and... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Tharisa on track to achieve Vision 2020 strategy; acquires Zim chrome asset

By: Simone Liedtke     16th May 2018 Integrated resource group Tharisa CFO Michael Jones says the company’s Vision 2020 strategy, which is aimed at increasing production to 200 000 oz of platinum-group metals (PGMs) and two-million tonnes of chrome concentrates by year-end 2020, is well on track. Tharisa, which on Wednesday... 

Arcadia on track or first production in 2019

By: Esmarie Swanepoel     16th May 2018 The Arcadia lithium project, in Zimbabwe, is on track to start production in the second quarter of 2019, with developer Prospect Resources appointing engineering firm DRA to provide engineering services and upfront design for the project. Prospect said on Wednesday that certain long lead items... 

Sinosteel to invest $1bn in Zimbabwe, lift ferrochrome output

By: Reuters     15th May 2018 China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional... 

Caledonia’s Zim mine delivers ‘strong’ cash generation in Q1

By: Simone Liedtke     14th May 2018 Caledonia Mining produced 12 924 oz of gold in the first quarter of this year, marginally higher than that produced in the first quarter of 2017 and in line with expectations. “We expect that production will deliver the usual increase in the second half of the year as we see the benefit of the... 

Latitude completes Mt Ida sale

By: Esmarie Swanepoel     11th May 2018 ASX-listed Latitude Consolidated has completed the divestment of its Mt Ida gold project, in Western Australia, to fellow-listed Alt Resources. The two companies in January struck a deal under which Alt would make an initial cash payment of A$400 000 within seven days of signing a heads of... 

GOING FOR GRACE'S GOLD:

By: Martin Creamer     11th May 2018 Artisanal gold miners go for gold on a farm 40 km north of Harare, owned by former President Robert Mugabe's wife Grace Mugabe, in Mazowe, Zimbabwe. The ironically named Smithfield farm, once guarded by armed police, is now dotted with gold diggings. The illegal miners have stated that they... 

Zimbabwe Permanent Secretary of Ministry of Mines to brief forum in Johannesburg

9th May 2018 Mr. Munesu Munodawafa, Permanent Secretary, Ministry of Mines and Mine Development Zimbabwe will present the keynote address at the Zimbabwe Mining & Tax Law briefing, to be held in Johannesburg on 22 May 2018. The Zimbabwe government is committed to reviving the mining industry and attract... 

Zimbabwe Parliament delays Mugabe's questioning on diamond revenue

By: Reuters     8th May 2018 Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said. Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite... 

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised

By: Marleny Arnoldi     8th May 2018 Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326 oz at its 25%-owned Pickstone-Peerless gold mine, in Zimbabwe.  

Zimbabwe miner looking at refinery upgrade for battery grade lithium

By: Reuters     7th May 2018 A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150-million, its managing director said on Monday. Lithium is in demand globally as a battery metal needed for the... 

Zimbabwe trying to win back investors’ trust

By: Anine Kilian     7th May 2018 Zimbabwe is committed to introducing mining policy certainty to win back investment and revive the industry following the swearing in of President Emmerson Mnangagwa late last year. Mnangagwa is seeking to revive the economy and attract mining investment and has pledged investor-friendly policy... 

Zimbabwe Mining & Tax Law briefing to be held in Johannesburg will shed light on new legislation and expected changes

4th May 2018 With its vast mineral wealth potential, the mining sector in ZImbabwe is set to play a key role in the country’s projected growth forecasts. The Zimbabwe government has stated that it is committed to supporting investors. Zimbabwe’s Mines minister, Winston Chitando, recently said the country has... 

Expansion at Zim’s Blanket gold mine to increase production by 45% to 80 000 oz/y in next three years

By: Mia Breytenbach     4th May 2018 Mining, exploration and development company Caledonia Mining believes that its Blanket gold mine in Zimbabwe will achieve continued record production in future, owing to the company’s drive for expansion, says Caledonia Mining corporate development and investor relations VP Maurice Mason. The... 

ROSOND appoints new Chief Financial Officer

3rd May 2018 Douglas McLean has been appointed as the Chief Financial Officer for ROSOND. Douglas completed his CA (SA) qualification in 1999 having served his articles at Mazaars. He then worked in the United Kingdom, predominately for BP. Upon returning to South Africa in 2003, Douglas worked for a brief... 

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Botswana Diamonds, Vast to collaborate on Zim diamond mining

By: Marleny Arnoldi     2nd May 2018 Aim-listed Botswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.  

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

Namibia may scrap black ownership requirements for mining companies – minister

By: Reuters     25th April 2018 Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday. Regional peers such as Angola and Zimbabwe are also trying to... 

Zimbabwe to drop local listing requirement from mining bill – foreign minister

By: Reuters     24th April 2018 Zimbabwe will drop a requirement that mining companies must list on the local stock exchange from a new mining act, foreign minister Sibusiso Moyo said on Monday. Industry lobby group, the Chamber of Mines, had expressed concerns about the proposal for mining firms to list locally, warning that... 

Vast acquires 23.75% economic interest in Zimbabwe mine

By: Simone Liedtke     20th April 2018 Aim-listed Vast Resources’ 25%-owned group company Dallaglio Investments has acquired a 95% interest in the Eureka gold mine, in Zimbabwe. Dallaglio acquired a 95% interest in Delta Gold Zimbabwe, which owns the Eureka mine, from Alpha Resources and the Industrial Development Corporation of South... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Illegal gold miners invade Grace Mugabe's farm amid legal dispute

By: Reuters     20th April 2018 A farm owned by Robert Mugabe's wife Grace is at the centre of a legal dispute after hundreds of illegal gold miners invaded parts of the property and started mining gold. A Reuters photographer saw hundreds of illegal miners digging for gold at the Smithfield citrus farm using picks and shovels,... 

Caledonia plans Zimbabwe expansion

By: Reuters     20th April 2018 Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules. Keen to attract investment to revitalise the country's struggling mining industry and economy, Zimbabwe has revised its laws since the... 

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Moti Group is open to selling shares in Zimbabwe mine operation

By: Bloomberg     16th April 2018 The Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country’s biggest platinum producer. Zimbabwean policymakers are debating a bill that will require mining companies to... 

Zimbabwe to sell shares in State-owned firms as part of reforms

By: Reuters     13th April 2018 Zimbabwe is looking to sell shares in 35 State-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday. President Emmerson Mnangagwa, who came to power in November after a de... 

Latitude takes stake in Zim project

By: Esmarie Swanepoel     12th April 2018 Junior explorer Latitude Consolidated has moved to acquire a 70% interest in the Mbeta lithium project, in Zimbabwe. Under the terms of the agreement, Latitude will pay the owner of the project $50 000 in cash on the signing of an agreement, as a non-refundable deposit. A further $50 000 will be... 

Mugabe to be summoned over diamond mining probe

By: African News Agency      11th April 2018 Former Zimbabwe President Robert Mugabe is to be summoned by a committee of lawmakers in Zimbabwe to testify at a parliament probe into lost revenue from diamond mining. The lawmakers plan to question Mugabe over his 2016 claim that the country had lost $15-billion (12.13-billion euros) in income... 

Senior govt officials, including Zim VP 'to appear before Parliament' about $15bn diamond scandal

By: News24Wire      10th April 2018 Several senior government officials have reportedly been summoned by Zimbabwe's parliamentary portfolio committee on mines and energy over the missing $15-billion diamond revenue. According to reports, former President Robert Mugabe, announced in 2015 that $15-billion of diamonds were spirited... 

Blanket Q1 output on par with Caledonia’s 2018 target

By: Marleny Arnoldi     9th April 2018 Southern Africa-focused exploration and development company Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced about 12 924 oz of gold for the quarter ended March 31.  

Zimbabwe's biggest platinum miner says local listing won't work

By: Bloomberg     6th April 2018 Impala Platinum Holdings said Zimbabwe’s plan to compel mining companies to list the majority of their shares on the local exchange isn’t feasible and would impede operators’ ability to grow and invest in their assets. Lawmakers in the southern African nation are debating the measure as part of a... 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Caledonia to benefit from higher Zim Export Credit Incentive

By: Simone Liedtke     4th April 2018 Exploration and development company Caledonia Mining expects to receive up to an additional $5.1-million in income this year, following an increase to 10%, from the previous 2.5%, in Zimbabwe’s Export Credit Incentive (ECI). The ECI increase was implemented in February. 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close