29.9 C
Harare
Tuesday, October 20, 2020
Chartered flights to transport unprocessed metals from African minesFidelity Printers which then sells its gold to South Africa’s Rand RefineryGold is one of Zimbabwe’s largest forex earners South Africa’s Rand Refinery has turned to chartered flights to transport unprocessed metals from African mines...
Government has reviewed mining feesMining fees have been effected through Statutory Instrument 95 of 2020The fares charged in US dollars are in line with the reintroduced multi-currency regime Under economic pressure which saw inflation's gale forces hit 676% in March and an alarming...
Sub Saharan Africa to record the worst recession since 1995Economy to shrink -5.1% in 2020Africa now stands at 11 440 COVID-19 confirmed casesA food crisis is brewing According to the latest semi-annual report issued by the World Bank, growth in Sub-Saharan Africa has...
Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship...
Gold production in Zimbabwe continues to be hamstrung by currency volatility as shown by a dip in February. Data released by Fidelity Printers, the sole authorized buyer of gold in Zimbabwe, buying on behalf of the government, showed that February deliveries eased...
Coronvirus panic buying is global phenomena Zimbabweans are anticipating lockdown The country ill prepared for a lock-down Zimbabweans are slowly embracing the reality of coronavirus possibly hitting the country and against this expectations, hoarding of groceries...
FY output stood at 55 182 ouncesQ4 output surged by 13%Output expected to increase after Central Shaft commissioning Harare- Caledonia Mining Corporation Plc which operates Zimbabwe’s biggest single mine, Blanket has reported that its gold output in the year ended 31 December 2019 increased marginally while...
RBZ suspends 30-day liquidation requirementfirms receiving foreign currency from domestic transactions to deposit the funds in local FCA flagging of importers and the penalty system has also been suspended. With a deepening Corona Virus crisis and weakening economic fundamentals, the RBZ has...
South Africa’s Sibanye-Stillwater said on Tuesday the company along with chemical company BASF and Impala Platinum have developed a new tri-metal catalyst that would enable partial substitution of palladium with platinum. Sibanye says the new catalyst will reduce catalytic converter costs and partly alleviate palladium deficits.
Headline Earnings expected to increase 131%HEPS to scale 151%Power shortages see production output slump FY-19Strengthening PGMs prices bolster positive performance JSE listed platinum group miner Anglo American Platinum (Amplats) with operations in Zimbabwe through Unki Mine located in Shurugwi today issued a positive results outlook for the 2019 financial year.