Search results for 'mining sector'
Zimbabwe
Can Zim's Gold Output Hit 35 Tonnes, Earnings Cross $2 Billion for the First Time?
he gold sector has achieved remarkable advancements in gold sales, having already surpassed last year's figures. November’s gold deliveries experienced a significant uptick, reaching 3,766 kg more tha
Dec 10, 2024
Zimbabwe
Government Seeks Bigger Slice of Mining Pie: Is the 26% Proposed Stake Feasible?
Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled
Dec 16, 2024
Companies
Caledonia’s FY2024 Gold Production Meets Analyst Expectations, Cut FY2025 Guidance Despite Circa US$50 Million Capex fro 2025
Caledonia Mining Corporation's FY2024 output of 76,656 ounces has fallen within analyst expectations, amidst a significant capital expenditure program of approximately $41.8 million earmarked for 2025
Jan 14, 2025
World
How Will Commodity Markets React to US Withdrawal from Climate Pact? Mixed Fortunes for Zimbabwe's Mining Sector
The United States President, Donald Trump, has withdrawn the United States from the Paris Agreement, citing national interests. Under the international climate accord, first negotiated in 2015, countr
Jan 22, 2025
Companies
Padenga’s Golden Leap: Runner-Up Gold Producer Cashes in +US$200 Million As Gold Output Jumps 17%
Padenga Holdings Limited, a gold mining titan listed on the US-Dollar denominated bourse Victoria Falls Stock Exchange (VFEX) has cemented its place as a giant in Zimbabwe’s gold mining sector, deliv
Mar 31, 2025
Companies
NMB Bank Harnesses DFI Partnerships to Drive 27% Loan Surge in Export-Critical Sectors
NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil
Apr 08, 2025
Top Stories
USA Proposes to Cut $555 Million to the African Development Fund: Implications for AfDB, Africa’s Development
The Trump administration has proposed to eliminate $555 million in funding for the African Development Fund (ADF), the concessional financing arm of the African Development Bank (AfDB), marks a signif
May 07, 2025Gold Quarterly Snap: China Leads Demand, Jewellery Consumption Hits 35 Billion in Just 3 Months
Global gold demand soared to a record 1,206 tonnes in the first quarter of 2025, the highest Q1 figure since 2016, driven by a 1% year-on-year increase that included over-the-counter (OTC) investment.
May 07, 2025