Lynx Mine slips into administration | Mining Index Zimbabwe
Lynx Mine slips into administration. March 19, 2021. 0 569. ZIMBABWE's sole graphite producer Lynx Mine has sought bankruptcy protection, five years after the Zimbabwe Mining Development Corporation (ZMDC)-controlled operation hit turbulence as international graphite prices plummeted. The 56-year-old firm, formerly …
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Understanding mining tribute agreements | Mining Index Zimbabwe
By Godknows Hofisi. HARARE (Mining Index) – TRIBUTE agreements are quite common in the mining sector. This article seeks to give readers insights into these agreements which are regulated by the Mines and Minerals Act (Chapter 21:05) ("the Act"). Key definitions. According to section 283 of the Act a tribute agreement means any …
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Zimbabwe Stock Exchange mining index above 100 points
The Zimbabwe Stock Exchange mining index today went over the 100 point mark for the first time in three years. The resources index gained 7.41 percent to 107.06 points …
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Ran Gold Mines return under threat | Mining Index Zimbabwe
Ran Gold Mines return under threat. September 14, 2021. 0. RIVAL investors were at the weekend planning to approach authorities to block the return of Bindura-based Ran Mines, saying a consortium led by mining executive Jack Murehwa, that is championing the project, could not operate the gold asset before government …
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Afrochine makes US$1,5bn fresh move | Mining Index Zimbabwe
Afrochine makes US$1,5bn fresh move. May 18, 2021. A CHINESE resources giant has secured exclusive rights to establish an integrated chrome mining and processing operation in Chivhu, giving Zimbabwe fresh impetus to achieve an ambitious plan to attain a US$12 billion mining industry by 2023. Afrochine Smelting, which has a …
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350 to be employed at Masvingo chrome mine | Mining Index Zimbabwe
May 24, 2021. Ezra Chadzamira - Masvingo Minister of State for Provincial Affairs and Devolution. MORE than 350 locals are set to be employed at a Chinese chrome smelting company that is being set up in Mashava, Masvingo while small-scale miners around the area are set to benefit from the new market. This was revealed during a tour of the …
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Kuvimba in historic 300kg gold haul | Mining Index Zimbabwe
0 820. Kuvimba Mining House's gold mining asset, Freda Rebecca Mine, has broken a 20-year production record after it churned out 300kg of the yellow metal in May this year alone, it has been learnt. This is the second time in the history of the firm that such a milestone has been scored as Government ramps up efforts to achieve a US$12 ...
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Zimbabwe
The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. The country boasts the second-largest platinum deposit and high …
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Zimasco completes feasibility study for Mberengwa furnaces
Zimbabwe has the world's second-largest reserves of high-grade chromium ore after South Africa, with deposits of about 10 billion tonnes, equivalent to around 12 percent of the global total, according to the Zimbabwean Ministry of Mines & Mining Development. Last month the country banned export of raw chrome to encourage …
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MMCZ projects US$3,2bn revenue | Mining Index Zimbabwe
Newsday. THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says export revenues from the country's resources, excluding gold could reach US$3,2 billion this year, after surpassing 2021 targets in only eight months. MMCZ general manager Tongai Muzenda said this at the just-ended the Zimbabwe International Trade Fair that …
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Prospects for Zimbabwe's gold | Mining Index Zimbabwe
The mine's 2021 production is expected to be between 61 000 to 67 000 ounces while production guidance from 2022 onward is set at 80 000 ounces. Other primary …
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State of mining industry report | Mining Index Zimbabwe
November 11, 2021. 0 216. A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the Chamber states that its involvement was restricted to sponsoring and facilitating access to information to its …
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Top 5 largest lithium mining companies in the world
In its 2021 Q1 report, it announced total revenues of $140m. Major projects: Tianqi paid $209.6m for a 2.1 percent stake in SQM in September 2016, which it then boosted to 23.77%, for $4.07bn, in 2018.The company has also developed a lithium hydroxide plant in the Kwinana Industrial Area, located south of Perth in Western Australia.
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Mineral resource master plan crucial | Mining Index Zimbabwe
By Business Reporter – Wednesday 1 September 2021. HARARE (Mining Index) – GOVERNMENT has been urged to put in place a comprehensive master plan before …
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Mines troop to VFEX | Mining Index Zimbabwe
Speaking during an economic review webinar organised by the country's leading business weekly, Zimbabwe Independent, Finance minister Mthuli Ncube yesterday said the listing drought would end soon, with mining giants moving to Victory Falls to raise foreign currency for their operations.The country has two operating bourses, the …
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Mimosa co-parent strikes US$490 million lithium joint …
Mimosa co-parent strikes US$490 million lithium joint venture deal. September 21, 2021. 0 661. Deal "essential for transition to a cleaner future". Sibanye has agreed to subscribe for a strategic placement of new ordinary shares in "ioneer" equal to 7.1% of ioneer's placement shares for US$70m.
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Mining firms project output jump in 2021 | Mining Index Zimbabwe
Mineral output is projected to rebound in the second half of this year after production fell across the sector in the first quarter compared to the same period the prior year Mining is Zimbabwe's single largest foreign currency earner, accounting for over 70 percent of export receipts. Major exports include gold, platinum, chrome and diamond.…
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ZMF News, News | Mining Index Zimbabwe
Landline +263 8677 110809 Whatsapp +263 732491982. Mobile +263 713491982,+263 773491982. Address B4-3, Marlborough Heights, Granger Way, Civic Centre, HARARE, ZIMBABWE
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SECTOR | IH Zimbabwe Mining Sector Report 2022
According to government estimates, mining sector production grew 3.4% in 2021 while receipts were up 25% y/y to US$5bn in 2021 supported by firm international prices and a …
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Zim's gold output surges 29% | Mining Index Zimbabwe
182. GOLD output surged by 29% during the nine months ended September 30, 2021 after robust international prices improved Zimbabwean producers' cashflows, as fresh throughput from previously dormant assets started flowing into the market, official data showed this week. The data released by Fidelity Printers and Refiners (FPR) showed …
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China plunders Zim's mineral wealth | Mining Index Zimbabwe
China plunders Zim's mineral wealth. December 22, 2021. 0 560. By Lucy Tandi. HARARE (Mining Index) – CHINA has in the past decade emerged as a key external investor in Zimbabwe's mining sector. Under the Second Republic, Zimbabwe has embarked on a policy drive to attract Foreign Direct Investment (FDI) to power its …
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Abandoned Hwange Colliery dumpsites a hazard to the …
By Lucy Tandi . HARARE (Mining Index) – DISUSED coal dumpsites located in Hwange Colliery Company Limited concession have become death-traps that have seen several lose lives after accessing restricted areas with the intention to either take coke for resale on the black market, fetch coal waste for brick moulding or fetch scrap …
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Murowa Diamonds accused of causing cracks in village …
By Own Correspondent ZVISHAVANE (Mining Index) – VILLAGERS living near Murowa Diamonds have alleged that periodic blasting to extract diamonds has damaged their houses causing serious cracks. ... September 10, 2021. 0 219 . Share. ... Chamber of Mines Zimbabwe (CoMZ) elects president; December 3, 2019 …
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Zimbabwe targets 40 tonnes of gold in 2023: official | Mining Index …
January 25, 2023. 0 585. Zimbabwe's gold mining sector is targeting to raise production to 40 tonnes this year, up from 35.38 tonnes last year, an official said Tuesday. Last year's output was a record high, spurred by new mining projects, timely payments, and incentives to miners. Out of the 35.38 tonnes produced last year, small-scale and ...
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Prospect inches close to US$1m deal | Mining Index Zimbabwe
AUSTRALIA-LISTED mining concern, Prospect Resources, says Luzich Resources Africa, an affiliate of Luzich Partners LLC, has executed the option agreement to buy of its Penhalonga gold project for US$1 million. ... September 9, 2021. 0 140 . Share. Facebook Twitter LinkedIn Pinterest WhatsApp Viber. ... Chamber of Mines …
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Chinese dominate in chrome to ferrochrome
0. By Business Reporter – Tuesday 3 August 2021. LOCAL – HARARE ( Mining Index) – CHINESE companies have been heavily investing in Zimbabwe's chrome mining, with government announcing the availing of approximately 8,483.70ha of land to five Chinese companies intending to establish integrated chrome mining and …
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The EPOs debate: small-scale miners face extinction
September 9, 2021. 267. By Lucy Tandi. HARARE (Mining Index) – THE DEBATE on Exclusive Prospecting Orders (EPOs) has seen Artisanal and Small-Scale Miners (ASM) across the country locking horns with the Ministry of Mines and Mining Development, objecting to the issuance of EPOs. An Exclusive Prospecting Order (EPO) is a large …
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Zimbabwe asked to settle $70m debt after legal loss
Companies linked to Amaplat Mauritius made the proposal in a September 15 letter to Zimbabwe's Secretary for Finance and Economic Development, George Guvamatanga, seen by Bloomberg. The alternative is having the assets of the Zimbabwe Mining Development Corp. seized after the 2019 ruling.
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Cabinet approves lithium ore policy | Mining Index Zimbabwe
Leading lithium miners in Zimbabwe are Chinese firms Zhejiang Huayou Cobalt, Sinomine Resource Group, and Chengxin Lithium Group, whose combined investment is over US$600 million. According to statistics, Zimbabwe produced 1 200 tonnes of lithium in 2021, making it the world's sixth-largest miner after Brazil, which …
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Zimbabwe's diamond miner ZCDC resumes sales
0 108. Zimbabwe's biggest diamond miner says it will resume its monthly auction April, ending an eight-month hiatus caused by COVID-19, after a record year of production in 2021. The Zimbabwe Consolidated Diamond Company (ZCDC) beat its production targets for 2021, hitting fresh records and recording its first ever profit.
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