Market News
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Zimbabwe: Mining Co. Set to Increase Gold Production
Posted on :Wednesday , 30th March 2016
Redwing mine, a subsidiary of South Africa-based Metallon Gold is set to increase gold production after resuming operations following a de-flooding exercise, management has revealed.
Redwing mine stopped operations in 2008 after Zimbabwe Electricity Supply Authority (ZESA) cut power supplies over payment issues. The move contributed to massive flooding of shafts as . . .Zimbabwe: Increased Gold Production Expected From Small-Scale Miners in 2016
Posted on :Saturday , 26th March 2016
Gold production for 2016 is forecast at 24 tonnes buoyed mainly expected increase from small scale miners. Small scale miners last year produced seven tonnes while big players produced 14 tonnes. The expected increase in production for small scale miners will be driven by $5 million worth of mining equipment expected from China by the end of May this year."Last year we went out on a mobili. . .
Zimbabwe: Mining Company's Gold Production On The Up
Posted on :Wednesday , 23rd March 2016
Caledonia Mining Corporation's annual gold production rose in 2015 despite work on a major upgrade at its 49 percent owned Zimbabwe mining unit, Blanket mine. Production at Blanket Mine for the year was 42 800 ounces against 41 800 ounces and all largely due to higher output in the fourth quarter of 11 510 ounces.Grades during the period were lower on average and this pushed up costs while reve. . .
Nigeria Targets Solid Minerals to Account for 10 Percent GDP
Posted on :Friday , 18th March 2016
The Federal Government says its target is for the solid minerals sector to account for 10 per cent of the gross domestic product, GDP, in the nearest future.
The minister of Solid Minerals Development, Kayode Fayemi, said this aspiration informed the present administration's efforts to reposition the solid minerals sector to diversify the country's economy and creat. . .Zimbabwe to Amend Colonia Era Mining Law in Order to Attract New Investors
Posted on :Friday , 18th March 2016
THE government said Monday that amending the country's mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation.
Mines minister Walter Chidhakwa told legislators that the Mines and Minerals Amendment Bill of 2015 was now in place and due to be tabled in parliament for debate.&nb. . .Please Select an Option
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