Market News
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Zimbabwe: U.S.$100 Million Mining Loan To Be Finalized by Govt
Posted on :Thursday , 31st March 2016
GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it has been difficult to come up with another option as we are not easily bankable.&quo. . .
Uranium Production in Namibia to Triple in 2017
Posted on :Wednesday , 30th March 2016
NAMIBIA'S uranium production is expected to be three times the volume produced in 2015, according to statistics issued by finance minister Calle Schlettwein in parliament recently.
"We are of the opinion that, in spite of weak commodity prices and relatively slow growth in external demand, the coming into operation of large-scale mining projects will support de. . .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. . .
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