Zim tungsten producer gets permits to ship concentrate to SA

HARARE – Zimbabwe-focused mining group Premier African Minerals Limited says it now in a position to commence the shipment of wolframite concentrate from its RHA mine to Durban after receiving the requisite permits from Zimbabwean authorities.
Posted On 06 Jun 2017

Is coking coal pricing moving away from quarterly benchmarks?

By Andrew Topf —- Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything. Coking coal, the kind used in steelmaking, is currently set at quarterly benchmarks between Australian mining...
Posted On 05 Jun 2017

Cabinet okays investor for platinum project

CABINET has approved Luxembourg registered Eurasia Resources Group’s takeover of Todal Mining, as it seeks to facilitate development of its Bokai concession into a producing mine, despite concerns that the original lease holders sold the claims in a speculative deal on the London...
Posted On 22 May 2017

Zimplats moves for greater engagement with local manufacturers

HARARE – The country’s largest platinum producer, Zimbabwe Platinum Holdings (Zimplats), says it has begun engagements with the manufacturing sector to help resuscitate ailing local firms.
Posted On 19 May 2017

Zim in joint venture to construct platinum refinery

Harare - Government through the Zimbabwe Mining  Development Corporation (ZMDC) on Wednesday created a joint venture  company that will build a $200 million platinum refinery.
Posted On 17 May 2017

Oil jumps as Saudis, Russia favor extending output deal to 2018

Bottom of Form Futures added as much as 2,2 percent in New York, on course for their highest close since April 28. While output curbs that started Jan. 1 are working, global inventories aren’t yet at the level targeted by OPEC and its allies, Saudi Energy Minister Khalid Al-Falih...
Posted On 15 May 2017

Compared to silver and platinum, gold is getting really expensive

By Bob Moriarty — No one I know, including myself, can predict with great accuracy the day-to-day direction of any investment. However you can go to the chat board of any investment and most of the people there feel they and they alone know what gold or silver or the Dow is...
Posted On 08 May 2017

Shell Pumps a torrent of cash as takeover, cost cuts pay off

Royal Dutch Shell Plc showed it has adapted to a world of lower oil prices, generating a surge in cash flow that allowed it to pay dividends while reducing debt.
Posted On 04 May 2017

Heavy rains affect Pickstone-Peerless’s Q1 output

HARARE – Chegutu-based gold producer, Pickstone-Peerless Gold Mine’s first quarter output was significantly affected by the extensive rains that hit the country, as production was stabilised by low-grade stockpiles.
Posted On 03 May 2017

Mimosa’s Q3 output flat

Low-cost local platinum producer Mimosa Mine’s production for the third quarter to March 31, 2017 remained flat at 30 000 ounces. This was on the back of a marginal decline in ore milled during the period under review.
Posted On 26 Apr 2017