17.1 C
Harare
Wednesday, October 20, 2021
HARARE – Platinum price fell further in early Monday trades to reach US$944 per ounce as the on-demand metal continues to trade below the resistance level of US$1025 per ounce. Notably, the depressed price performance persists despite the highly valued and desired...
The VFEX and DGCX signed an MoU that is ultimately aimed at establishing a commodities exchangeDGCX to provide know-how and guidance to VFEX in the processSuch a move could go a long way in mitigating gold smuggling Harare – The Victoria Falls Stock Exchange...
Toyota, the world’s largest automaker said that it will cut global production by 40% in September this year as the resurgence in COVID-19 cases in South-Eastern parts of Asia has exacerbated the effects of the semiconductor shortage for the motor industry. The...
Net profit decreases to $3,8 millionGross revenue up 31%EBITDA increases by over 100% Caledonia Mining Corporation has recorded a 40% decrease in net profit to $3,8 million in the second quarter ended 30 June, 2021 owing to the impairment of the Glen Hume...
12,779.29 kg delivered to FPR in the 7 months to July 2021Small scale gold producers contributed 52.8% of the total gold deliveriesGold exports in 2021 forecasted to be higher than in 2020 On account of the recently introduced 2.5 - 5% gold delivery incentive
HEPS are expected to increase from 350 SA cents to between 835 cents and 852 cents Expects more than 162% increase in profit attributable to the owners of the GroupAttributable to higher production and firm commodity prices Johannesburg – South African miner, Sibanye Stillwater...
Price of petrol up 3.28% in ZWL terms and 2.9% in USD termsDiesel price up 3.86% in ZWL terms and 2.3% in USD termsZERA had skipped July fuel review due  to developments on international oil market Harare – After skipping the monthly fuel price...
Gold prices tumbled below US$1,800 per ounce on Tuesday to set for its worst month since 2016 as investors were blindsided following surprise indications that the U.S Federal Reserve will tighten its monetary policy stance. This is in addition to a strengthening...
Gold imports to China, already the world’s largest bullion producer, hit a new high in April 2021 since January 2020, when coronavirus sent shock waves across the country and the wider global community. The world is battling the virus to date thus, economic...
Palladium, among other platinum group metals like platinum, rhodium and lithium have seen substantial growth in demand as the global economy goes greener. These developments are important, more so from a Zimbabwe perspective as the country’s economy is largely anchored on mining...