Lubu to make first coal sale this month
TweetShareSharePin0 SharesBy 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…
Zimplats reports 6% drop in half year profit
TweetShareSharePin0 SharesBy 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…
BNC to ramp up ore volumes after subdued third quarter performance
TweetShareSharePin0 SharesBy 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…
Govt launches US$10 million gold facility
TweetShareSharePin0 SharesBy 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…
Zim bans exportation of raw lithium
TweetShareSharePin0 SharesBy 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…
More offtakers for Lubu Coal as Contango signs MOU
TweetShareSharePin0 SharesBy 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…
Contango shares dip on Wednesday due to delay in sales by a quarter
TweetShareSharePin0 SharesBy 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…
Unki Mine lifts Zim’s third quarter platinum output to 118koz
TweetShareSharePin0 SharesBy 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…
High-cost structure to weigh down mining sector profitability prospects: Report
TweetShareSharePin0 SharesBy 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…
Caledonia in another fruitful quarter despite inflation
TweetShareSharePin0 SharesBy ETimes Caledonia Mining’s revenues rose by 21 percent in the latest quarter as production from its Blanket gold mine hit another new record. The Zimbabwe-focused miner says production this…