Caledonia Mining posted higher profit for 2020 on record production at Blanket Mine and higher gold prices.
EBITDA rose to US$43.3 million, from US$29.9 million in 2019, as revenue jumped a third to US$100 million.
Five months ago, George Roach, the CEO of Premier Africa Minerals, was sounding the frustration shared by many would-be investors in Zimbabwe. He was casting his eyes elsewhere.
Bureaucracy was stalling the company’s investment...
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company.
MMCZ plans to invest in a company that offers a return...
Impala Platinum is to expand processing capacity at Zimplats in order to support increased ouput from its US$290 million investment at Zimbabwe’s largest platinum mine.
Development of two Zimplats mines, Bimha and Mupani, will...
Zimbabwe’s decision to compel exporters to surrender more of their foreign currency earnings may leave miners unable to fund operations, according to Anglo American Platinum (Amplats), one of the country’s biggest platinum producers.
In...
Alrosa, the world’s largest diamond producer by output, says COVID-19 has not altered its exploration in Zimbabwe and the company plans additional concessions this quarter.
The Russian company entered into a joint venture with...
New amendments that were supposed to drop empowerment requirements for platinum and diamonds are having the opposite effect; unsettling miners still haunted by the 51% empowerment law that drove out investment.
President Emmerson Mnangagwa’s...
Reserve Bank of Zimbabwe’s move to compel mining companies to surrender more of their export earnings could cut mine output and cause “a viability crisis”, miners warn.
Central bank announced on January 8 that...
Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list Kuvimba, the company in which it has placed state mining assets, to raise cash to meet government obligations.
Late...
If beer sales are anything to go buy, the two sectors with the most extra money to spend right now in Zimbabwe are mining and construction.
Delta Beverages, the country’s biggest brewer, says Zimbabweans...
