Zimbabwe Mining News updates as it happens Africa Fidelity Gold prices, NEWS Zimbabwe gold buying prices per gram 17 June 2024 June 17, 2024 0 Shares NEWS IPEC Approves Mimosa Pension Fund’s Compensation Plan for Pre-2009 Losses June 17 ,
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· The Sunday News. ZIMBABWE has recorded over 463 fatalities in the mining industry in the past three years as a result of not having enough enforcement of mining regulations due to the increase in the number of mining locations, an official has said. Speaking at the Mining Safety Campaign 2021 launch, organised virtually by
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· Prospect Resources Limited (PSC: ASX, 5E8:FRA) has announced the completion of a deal with Orpheus Uranium Limited (ASX: ORP) following. May 8, 2024. Tracking Zimbabwe's mineral resources, investments, regulations, industry trends, innovation, market analysis, Mining Zimbabwe gives comprehensive news coverage.
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· Most of them need to replace antiquated equipment that has become inefficient and costly. So there is an opportunity for mining investors to chip in and explore these massive opportunities available in the sector. 5. Machinery funding. Small scale miners told Mining Zimbabwe that they needed machinery to carry out their activities.
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· Chinamo noted that the services sector had the highest projected investment, accounting for 25%, while the construction industry followed at 23%, with mining ranking third at 18%. A total of 143 licenses were issued during the quarter, with a total projected investment value of US$622.18 million.
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· While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach.
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· Investors who attended the Investing in Africa Mining Indaba were charmed by the Minister of Mines and Mining Development Hon Winston Chitando's presentation of the vast opportunities available in the mining sector in Zimbabwe. Rudairo Mapuranga The Minister in his speech presented the abundant opportunities available for investors from
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Epiroc is your partner for mining and construction equipment. Originating from the Mining and Rock Excavation Technique business area and the Hydraulic Attachment Tools division of Atlas Copco, Epiroc was formed to be a stronger ally for you. By building on proven expertise and performance with the same people and a bold new drive to make what
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· The upgraded Furnaces are expected to produce 80,000 metric tonnes per annum and to employ 100 locals from April 2023. The upgrade Number 7 and 8 Furnaces are expected to produce 70,000 metric tonnes annum high carbon ferrochrome. A total of USD150 million per annum revenue is anticipated.
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· Zimbabwe has been accumulating gold reserves at the central bank’s vaults to back the ZiG, short for Zimbabwe Gold. The ZiG is backed by 2.5 tons of gold and $100 million. It’s the nation’s
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September 20, 2022. Mimosa Mining Company has donated learning equipment to the Zimbabwe School of Mines (ZSM). Rudairo Mapuranga. The midlands-based Platinum Group of Metal (PGM) producer is considered as one of the mines that are critical to the achievement of the US$12 billion mining sector. “As part of Mimosa’s efforts to develop
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· Brown tragically passed away on June 18 – a major loss for Zimbabwe considering his 20-year-long involvement with the country. Brown’s view was also recently expressed by the Chamber of Mines of Zimbabwe. Commenting in its 2022 Commodity Outlook, it identified an estimated capital shortfall in its mining sector of $10bn over the
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· The small-scale mining sector has of late become one of the pillars of the economy of Zimbabwe contributing significantly to national fiscus. Rudairo Dickson Mapuranga The small-scale gold mining sector
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· Taxable Income of a Holder of Special Mining Lease. A holder of a special mining lease, corporate income is taxed at a special rate of 15% instead of the general tax rate of 25%. However, holders of a Special Mining Lease are liable to Additional Profits Tax (APT). The tax is payable upon attaining a formula based level of profitability.
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Zimbabwe Mining quarterly Magazine is the quarterly prime source of mining news in Zimbabwe. Despite the economic downturn of the previous decade, mining has emerged and remained as a strong backbone of the Zimbabwean economy. Contact us: info@
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Zimbabwe Mining News updates as it happens Africa Fidelity Gold prices, NEWS Zimbabwe gold buying prices per gram 17 June 2024 June 17, 2024 0 Shares NEWS IPEC Approves Mimosa Pension Fund’s
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· Fifteen subsistence miners have been trapped underground following a collapse at the Redwing mine around 270km from Zimbabwe’s capital city of Harare, Reuters reported. The incident, which occurred on 4 January, is believed to have been caused by earth tremors, according to initial assessments by the ministry of mines and
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· Acumen Research and Consulting (ARC) estimates that the global mining equipment market will reach $ 285.5 billion worldwide by 2026. At the same time, the main drivers of the growth will be automated technologies and so-called “smart” solutions for the production. Already now the most advanced “miners” perform a number of technological
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In 2021 maize excluding seed imports declined from a peak of 7.1% in February to 3% in April and 1.9% in May,” Zimstat said. In 2020 according to the Minerals and Marketing Corporation of Zimbabwe (MMCZ) Zimbabwe’s mineral exports, excluding gold and silver, surged by 27%, earning the country US$2,4 billion.
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3 · 21 Jun 2024. By. NewsHawks. BRENNA MATENDERE. BRAVURA Zimbabwe, a subsidiary of Bravura Holdings owned by Nigerian tycoon Benedict Peters, is assembling a dense medium separation (DMS) plant in South Africa to be brought into the country for the processing of the Kamativi Mine dump to produce lithium. More equipment has been
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· Zimbabwe gold buying prices/ gram 19 December 2023 January 19, 2024 0 Shares NEWS Zero fatalities must be order of day, Rushwaya January 19, 2024 0 Shares NEWS Zimbabwe did not ban ASM mining activities
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· How to Apply. Applications to be submitted to: [email protected]. Deadline: 31 August 2023. Kamativi Mining Company (KMC) is looking for a suitably qualified individual to fill the position of Mining Manager.
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· Government impressed by progress at Kamativi. It has been estimated through the world economic forum that mine digitalisation could channel a saving of $373billion by 2025 through raising
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· The government of Zimbabwe in an endeavour to enable the growth and development of Artisanal and Small scale miners (ASM), will establish the Mining Industry Loan Fund to support miners through mining established loans and plant and equipment hire loan schemes. Rudairo Mapuranga. The ASM has continued to show its relevance to
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· Zimbabwe’s mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. The country boasts the second-largest platinum deposit and high-grade chromium ores in the world, with approximately 2.8 billion tons of PGM and 10
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· The Renco Mine is 100 per cent owned by RioZim Limited. The mining rights are held through mining claims, a mining lease, and a special grant covering a total area of 2 736 hectares. The mine is located in the South-East of Zimbabwe in Nyajena communal lands, approximately 75km southeast of Masvingo.
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2 · Zimbabwe Gold Mining News Service from EIN News Mining Industry Today Questions? +1 (202) 335-3939 Set Up FREE Account Submit Release About
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Mineral Production sees year-on-year Increase in Q1 2023. The Index of Mineral Production for the first quarter of 2023 has shown a significant year-on-year increase of 16.8 percent compared to the same period in 2022. The index for Q1 2023 stood at 138.9, higher than the previous year's index of 118.9.
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· The AMMZ AGM and Conference is an annual gathering that brings together Mine managers, mining professionals, government representatives, equipment suppliers, and service providers. The event offers a unique platform for sharing knowledge, discussing industry trends, and exploring business opportunities.
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· Zimbabwe’s mining sector is expected to be one of the key drivers for economic growth this year on the back of its export generation capacity. The industry accounts for between 12 and 15% of annual Gross Domestic Product (GDP) and the diverse mineral base has the potential to generate about US$18 billion annually, experts say.
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