Search results for 'mining'
Zimbabwe
Small-Scale Miners Spur Gold Production with 70.2% Surge As Large-Scale Contributions Down 21.6% in January
Gold deliveries in January 2025 saw a significant uptick, rising by 29.2% to 3.1 tonnes compared to 2.4 tonnes in the same period last year, according to the latest data from Fidelity. However, this i
Feb 12, 2025
Zimbabwe
Zimbabwe's Gold Production Decline in February: Sectoral Challenges, Rainfall Impacts
Zimbabwe's gold deliveries declined by 17.7% month-on-month in February 2024, falling to 2.56 tonnes from 3.1 tonnes in January. This marks the lowest monthly output in over six months since June 2024
Mar 06, 2025
World
Platinum Market Faces Worst Imbalance Since 2013: 2024-25 Deficit Projections Highlight Structural Risks
The platinum market is grappling with its most severe supply-demand imbalance since 2013, with deficits projected at 995 koz in 2024 and 848 koz in 2025, driven by structural supply constraints and v
Mar 13, 2025
South Africa
Ben Magara Takes the Helm at Exxaro: Steering Towards a Sustainable Future
Magara is a qualified Mining Engineer with over 35 years of experience across Africa's mining landscape. His early career saw him cutting his teeth in Zimbabwe's rich mining sector before making his m
Mar 14, 2025
Zimbabwe
Gold Weekly Wrap: Trio of Titans, How 9 Tonnes Set Stage for Zimbabwe’s Gold Glory
Zimbabwe is gearing up for an ambitious goal of producing 40 tonnes of gold in 2025, a target made tantalisingly achievable by gold prices soaring past $3,000 per ounce amid global geopolitical tensio
Mar 24, 2025
Companies
Padenga’s Golden Leap: Runner-Up Gold Producer Cashes in +US$200 Million As Gold Output Jumps 17%
Padenga Holdings Limited, a gold mining titan listed on the US-Dollar denominated bourse Victoria Falls Stock Exchange (VFEX) has cemented its place as a giant in Zimbabwe’s gold mining sector, deliv
Mar 31, 2025
Zimbabwe
Zimbabwe’s Gold Export Earnings Sink for 3 Consecutive Months Despite Soaring Price Records
Zimbabwe’s gold export earnings have inexplicably plunged for three consecutive months slipping from a record high of US$361.1 million in November 2024 to US$291.8 million in December, US$291.4 milli
Apr 01, 2025
Companies
NMB Bank Harnesses DFI Partnerships to Drive 27% Loan Surge in Export-Critical Sectors
NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil
Apr 08, 2025
Top Stories
Zimbabwe's Inflation Soars in April, Both M-o-M, Year-on-Year: A Comparative Analysis with SADC Neighbours
Zimbabwe’s 2025 April inflation increased both in USD and ZiG terms, with ZiG annual inflation skyrocketing according to the lates data from Zimstat. The Zimbabwe Gold (ZiG) launched in April 2024, r
7 hours agoZimbabwe Courts Western Creditors for $2.6 Billion Bridge Financing, But Policy Gaps Stall Progress
Zimbabwe is pursuing $2.6 billion in bridge financing to clear $6.7 billion in arrears, a critical component of its $21 billion public debt, equivalent to 96.6% of its 2023 GDP (World Bank, 2024). Fi
10 hours agoRBZ Repeal Penalties on Pricing Above Official Rate Under SI 34 of 2025: Analysing ZiG and Exchange Rate Policy Shift
Government has repealed Statutory Instrument 81A of 2024, which penalised businesses for charging goods and services above the official exchange rate set by the Reserve Bank of Zimbabwe (RBZ). This p
Apr 17, 2025