13 C
Harare
Tuesday, May 26, 2020
Gold production up by 19%Blanket Mine resumed full production in early MayCompletion of Central Shaft project stalled by travel restrictions Harare - Gold miner, Caledonia Mining plc managed to attain 93% of its normal target production at its Blanket Mine despite the COVID-19...
Mined and milled tonnage decreased by 10%Development declined by 39%Nickel concentrates increased by 5% Harare - 2019 was a year that resulted in many businesses producing very little output due to weak economic fundamentals that were immersing the country and Bindura Nickel Corporation...
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...
Q3 6E concentrate production improved by 6%Group tonnes milled in the quarter excluding joint venture (JV) operations improved by 18%Zimplats operations received approval to operate during the national lockdown Harare - Impala Platinum owned Zimplats registered positive performances in the quarter and 9...
Declared dividend despite initial cautionDividend to be paid on 20 May 2020Consolidated cash position on April 24 2020 was $14.1 million Harare - Blanket Mine parent, Caledonia Mining Corporation has declared a dividend of seven and a half United States cents (US$0.075) on...
Revenue declined by 22% in 2019Profit before tax down by 39%Turnover was 25% down under the crocodile operationProfit in the crocodile operation plunged by 18% Harare - Padenga Holdings Limited registered a 22% contraction in overall revenue for the year ended 31 December 2019.
Sibanye rebounds to profitabilityPGMs prices bolster Sibanye’s revenueRhodium price surged 67% in 2019Market capitalization grew four-fold in 2019 JSE listed Sibanye-Still Water which has operations in Zimbabwe, rebounded to a profit position of  R433 million (US$30 million) in 2019 from a loss of...
Improved concentrator throughput and recovery supported by mining volume increases spurred productionAmplats output declined by 7%Joint venture PGM production, decreased by 10% Harare - Anglo-American Platinum (Amplats) owned Unki Mine registered a 13% increase in PGM production in the first quarter of 2020...
Venture to be created as a private company limitedEBL to own 51% while Makaha will take ownership of 49%Mining claims in the name of Undertreasure to be transferred to Makaha Harare - Ecsponent Botswana Ltd (EBL), in 2019 concluded an agreement with Makaha...