Mining

Mining

Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

1 day ago
Zimbabwe
Zimbabwe's Chrome Sector Poised for Growth Amidst Global Demand

In 2023, global chrome ore production increased by 4% year-on-year, driven by demand from Chinese smelters. Despite a slight dip in the first quarter, chrome prices are gaining momentum this year.

 Aug 14, 2024
Zimbabwe
Zimplats Delivers Solid Performance Amid Challenging Conditions for Impala Platinum

Zimplats, which is 87% (June 2023) owned by Implats, increased its 6E (platinum, palladium, rhodium, ruthenium, iridium and gold) matte production by 5.7% to 646,000 ounces. This solid performance was

 Aug 08, 2024
Zimbabwe
BNC in Historic Zero Production Record

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

 Feb 28, 2024
Zimbabwe
ZIDA Witnesses Exponential 232.85% QoQ Investment Expansion

During this period, 81 licenses were renewed, indicating a sustained interest in the Zimbabwean investment landscape. The report also sheds light on the countries contributing the most significant inv

 Feb 15, 2024
South Africa
Steadfast Safety and Surging Refinement: Anglo American Platinum's Resilience in a Volatile PGM Market

The fourth quarter of 2023 was a turbulent one for the platinum group metals (pgm) market, as geopolitical tensions and supply disruptions affected the prices and availability of these precious metals

 Feb 08, 2024
Zimbabwe
Impala Platinum Holdings Shines Amidst Challenges, Reports Strong Production Growth in H1 FY2024

Impala Platinum Holdings reported a gross Group 6E production increase of 18% to 1.90 million 6E ounces compared to the same period last year. This growth was primarily driven by improved production f

 Jan 31, 2024
Will PGMs Breathe Life Into Karo’s Project?

The price of platinum group metals (PGMs) has been on a downward trend over the past 2 years, putting pressure on mining companies such as Zimplats and Mimosa and even those in development phase such

Jan 22, 2024
Lucara Diamond Secures Financing for Karowe Underground Expansion Project

The company has signed amended documentation relating to its senior secured project financing debt package, which amounts to US$220 million. Under the amended agreement, the repayment profile has be

Jan 10, 2024
China's Metal Pricing Influence: Implications for African Miners and Governments in a Changing Landscape

The London Metal Exchange (LME) plans to introduce new metals contracts based on prices from the Shanghai Futures Exchange (SHFE), according to Reuters. This collaborative effort if it consummates cou

Dec 19, 2023
Kimberley Process Plenary Sets Milestone for Diamond Trade Reform

The recently concluded 2023 Kimberley Process Plenary has marked a significant milestone in the efforts to regulate the diamond trade and enhance consumer confidence in natural diamonds.

Dec 11, 2023

Zimbabwe’s Electricity Woes Pose Yuletide Gloom

Harare - Zimbabwe finds itself mired in an ongoing electricity crisis that shows no signs of abating, now expected to persist throughout the festive period. The situation is compounded by multiple fac

Nov 16, 2023

Tlou Energy Secures A$3 Million Loan Agreement: Bolstering Expansion Plans in Botswana

lou Energy Limited, a leading energy company focused on developing natural gas resources in Botswana, has successfully secured an additional A$3 million loan agreement. The loan, provided by entities

Nov 07, 2023

ZCCM Investments Holdings PLC Progresses in Negotiations with Vedanta: A Game-Changer for Zambia's Mining Industry

ZCCM Investments Holdings PLC (ZCCM-IH) has taken a significant step forward in negotiations with Vedanta Resources Limited, potentially reshaping the future of Konkola Copper Mines (KCM). The recent

Nov 07, 2023

Anglo American's Sustainability Progress Sets the Course for Sustainable Mining: Lessons for Zimbabwean Miners

As global awareness of the importance of sustainability continues to grow, large organizations like Anglo American plc are paving the way for responsible and sustainable mining practices. In their rec

Oct 25, 2023

Anglo American Reports Mixed Results in Q3 2023 Production

Anglo American plc, a global mining company, released its production report for the third quarter ended September 30, 2023. The report showcased a mixed performance across its various operations, with

Oct 24, 2023

De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment

De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre

Oct 06, 2023

Global Nickel Market Faces Widening Surplus in 2024, Putting Pressure on Prices

The decline in nickel prices on the LME, which have fallen by 38% this year, underscores the challenging environment faced by nickel producers. Several factors have contributed to this situation, incl

Oct 04, 2023

Extractive Sector Boom Driving Zim's Electricity Needs

Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift

Oct 03, 2023