With the uncertainty over its licence to mine for diamonds in Zimbabwe now cleared, Vast Resources is putting all its eggs into the diamond basket and bailing out of gold.
Vast Resources, which...
The Indian diamond hub of Surat, where 90% of the gems sold globally are cut and polished, plans to set up direct links with Zimbabwe to access the country’s “cheaper” and high quality diamonds.
Gold miner Caledonia Mining is seeking ways to deepen its
investment in Zimbabwe even though a currency crisis has dented its earnings
and bureaucracy has slowed the company’s purchase of an increased stake.
The end of...
Chinese steel giant Tsingshan will start construction of coke oven battery at its planned new stainless steel plant in Mvuma in the second half of the year, Mines Minister Winston Chitando has said.
Shares in Caledonia Mining Corporation took a bit of a
dive at the end of February after the Zimbabwe government announced that it was
ending its export credit incentive scheme.
Under the terms of this scheme, gold...
Aim-listed Premier African Minerals will recommence drilling
at its wholly-owned Zulu lithium and tantalum project, in Zimbabwe.
Mobilisation will begin immediately and drilling is expected to begin as soon as mobilisation is complete and seasonal...
Caledonia Mining says its earnings per share will fall by US$5.4 million after central bank dropped the export incentive scheme. The London-listed company, which owns Blanket gold mine, will not be the only one taking a...
Prospect Resources has been awarded special economic zone (SEZ) status for its flagship Arcadia lithium mining project, which will grant the project generous tax breaks and other concessions.
The licence is valid for 10...
A government minister has admitted to what many in the
mining industry have always said; the gold being sold through official channels
may be just a third of what the country actually produces, with the bulk being
lost to smuggling....
Karo Mining, which is developing a platinum project at Mhondoro-Ngezi, says drilling contractors have moved in and started an exploration programme to define the platinum resource at its 23 903 hectare mining site.
