The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Embattled Zimbabwe dollar dropped -2% against the greenback on the latest Auction Market held on 25th April 2023, from ZWL1000.0227 to 2WL1021.2072, the least depreciation since the year commenced. Th

The outlook for gold in 2023 is dominated by investment, with healthy upside expected this year. The picture for fabrication (jewellery and technology) is more muted. Furthermore, robust central bank

Electricity challenges in South Africa will likely have a significant adverse impact on Harmony's operations in the near term, particularly its cost of production. The country has been experiencing fr

The debt owed to Mercuria and Alpha, totalling approximately £7.3m, was due to be repaid on or before Monday 15 May 2023, but the company is working on documentation of an extension until 30 June 2023

In concluding, the FIU said it has directed financial institutions to unfreeze all accounts and other financial assets that had been frozen pursuant to the directive of March 31, 2023. The unfreezing

The report shows that Kariba South Power Station has been producing an average of 350 MWh, below its installed capacity of 1050 MWh while Hwange Power Station produced on an average of 206 GWh during

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M

Caledonia Mining Corporation, listed on the US-dollar denominated bourse, Victoria Falls Stock Exchange (VFEX), reported a 9% decline in production during the second quarter ended June 2022, with gol

Mining firm, Caledonia Mining Corporation has halted the Bilboes Mine operations as the project is not generating sufficient revenues or cash flows to justify its continuation. The halt is effective O

Gold prices started the week on a downward trend remaining below the US$1900 per ounce mark and approaching their lowest levels in the past five months as investors brace themselves for the annual gat

Zimplats Holdings Limited, a key player in the platinum group metals (PGMs) industry, has witnessed a notable 7% increase in mined volumes, despite experiencing a decline in profitability caused by vo

Gold prices have declined to below $1,910 per ounce today, reaching their lowest point in approximately three weeks. This drop comes as investors exercise caution while awaiting a crucial US inflatio

Padenga Holdings Limited, a diversified company listed on the Zimbabwe Stock Exchange, reported an increase in its gold and crocodile volumes output during the six months that ended on June 30, 2023.

Caledonia Mining Corporation, one of the leading gold mining producers, has announced a quarterly gold production of 21,772 ounces in the third quarter of 2023, as stated in the company's recent tradi

RioZim Limited, a diversified mining firm with vested interests in gold, chrome and diamonds in Zimbabwe, has achieved a significant milestone by posting its first increase in gold output in over five

Glencore Private Limited Company experienced a significant decline in production during the third quarter ended 30 November 2023, across several major commodities, with the exception of gold and coal.

The Zimbabwe dollar maintained its depreciation rate of 0.4% during the latest auction market held on October 31, 2023. This resulted in the massaged currency being traded at a rate of 5718.4090 again

In October 2023, Sibanye-Stillwater, a multinational mining company, implemented a restructuring process aimed at reducing costs, which could potentially lead to the loss of over 4,000 jobs and the cl

RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow