Zim platinum output to hit new high in 2023 – WPIC
By ETimes Zimbabwe platinum production surpassed 2022 estimates but fell by a negligible 1% compared to 485 000 ounces in 2021, the World Platinum Investment Council’s (WPIC) latest report shows.…
Lubu to make first coal sale this month
By ETimes London listed miner Contango Holdings which is exploring Lubu coal resources in Hwange said in the financial year ending November 2022, the company made huge strides towards making its…
Zimplats reports 6% drop in half year profit
By ETimes Zimplats, the country’s largest platinum producer, reported a 6% drop in half-year profit due to a drop in metal prices on Monday. The company’s profit for the half…
BNC to ramp up ore volumes after subdued third quarter performance
By ETimes Bindura Nickel Corporation (BNC) says it is focusing on increasing nickel production after reporting disappointing results for the third quarter and nine months ended December 31, 2022 due…
Govt launches US$10 million gold facility
By ETimes Zimbabwe has launched a US$10 million gold facility meant for mining expansion and value addition. The Artisanal Gold Small Scale Miners Fund (AGSMF) and Gold Service Centre Revolving…
Zim bans exportation of raw lithium
By ETimes Zimbabwe has effectively prohibited the exportation of raw lithium immediately amid a recent rush for the new precious resource. Now, under a new legal instrument – Statutory Instrument…
More offtakers for Lubu Coal as Contango signs MOU
By ETimes Contango Holdings, the London listed miner announced that it has entered into a non-binding Memorandum of Understanding (MOU) with a leading Multi-National Company (MNC) with respect to its…
Contango shares dip on Wednesday due to delay in sales by a quarter
By ETimes Contango Holdings, the London listed natural resource company, announced its audited results for the year ended 31 May 2022. The company said it is now fast approaching the landmark…
Unki Mine lifts Zim’s third quarter platinum output to 118koz
By ETimes Zimbabwe’s platinum output rose 2% to 118 000 ounces in the third quarter ended 30 September 2022 from 116 000 ounces in the comparative period, the latest data…
High-cost structure to weigh down mining sector profitability prospects: Report
By ETimes Players in the mining sector are losing up to 20% of their production potential owing to power shortages, latest data shows. Currently, the mining sector makes up 73%…