Ten firms have agreed to buy a 60% stake in Fidelity Gold Refinery, the only gold refining and exporting firm in Zimbabwe, for $49m. Fidelity Gold Refinery is owned by the country's central bank, which announced its plans to split its gold refining and unit, Fidelity Printers and Refiners (FPR), into two separate entities in January,
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WhatsApp: +86 18221755073In December 2022, Zimbabwe banned raw lithium ore exports to minimise the economic potential of artisanal mining and encourage investments in state-approved production facilities. Then in January 2023 another ban followed, according to the state-owned newspaper The Herald, this time covering all base mineral ores.
WhatsApp: +86 18221755073Canada-headquartered gold producer Caledonia Mining has raised $13m via the sale and issue of 597,963 shares in the company. The proceeds from the sale will be used to invest in the construction of a solar power plant to supply electricity to Caledonia's primary asset, the Blanket mine in Zimbabwe.
WhatsApp: +86 18221755073Namib Minerals, an established gold producer in Africa, is set to expand its operations significantly with the planned revival of Mazowe Mine also known as Jumbo and Redwing, in Zimbabwe.This strategic move is part of Namib's broader vision to enhance its aggregate gold mining capacity and solidify its presence as a multi-asset producer in …
WhatsApp: +86 18221755073Head and Registered Office: Caledonia Mining Corporation Plc Unit B006, Millais House, Castle Quay, St Helier, Jersey, Channel Islands, JE2 3EF info@caledoniamining | | Caledonia Mining Corporation Plc Transaction to acquire the Bilboes gold project in Zimbabwe (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)
WhatsApp: +86 18221755073South African company Moti Group's plan to build a $1bn (R17.76bn) lithium processing plant in Zimbabwe has suffered a setback as its Chinese partner reduced its stake in the venture, reported Bloomberg News. Moti Group's lithium mining subsidiary Pulserate Investments holds 84 lithium claims covering nearly 10,000 hectares in the …
WhatsApp: +86 18221755073Gold Fields of Mazowe (GFM) has reportedly placed the Mazowe gold mine in Zimbabwe under care and maintenance, in a move expected to result in the retrenchment of hundreds of mineworkers. ... However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below …
WhatsApp: +86 18221755073A Business Plan Template and How-To Guide Supporting Material for ASGM Access to Finance Artisanal and Small-Scale Gold Mining can take several forms of organization. The financing needs will vary mainly depending on the size of the organization. This document is a guide to help with the
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WhatsApp: +86 18221755073The Reserve Bank of Zimbabwe require $100m of gold to kickstart its gold-backed digital currency, governors have said. The bank introduced its bullion-backed digital tokens on Monday as an attempt to stabilise its traditional currency, the Zimbabwean dollar.
WhatsApp: +86 18221755073GOVERNMENT'S plans to dispose of its controlling stake in the country's sole gold buyer Fidelity Gold Refinery (FGR) is under scrutiny by some gold producing firms shortlisted for the US$49 million transaction, the Zimbabwe Independent can reveal. The gold buyer was offered to seven private entities that include Kuvimba Mining House.
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WhatsApp: +86 18221755073Cypriot investor Karo Resources recently signed a $4.2bn deal to develop a platinum mine and refinery in Zimbabwe, with first production expected in 2020. With the resignation of former President Robert Mugabe, the deal has been heralded as a sign that Zimbabwe is opening up to foreign investment and looking to push its mining sector …
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WhatsApp: +86 18221755073Premier African Minerals appoints Afmine as contractor for Zimbabwe tungsten mine. Premier African Minerals Limited has chosen African Mining and Exploration (Afmine) as principal mining contractor for the RHA Tungsten Mine (RHA) in Zimbabwe. ... The gold standard of business intelligence. Find out more More …
WhatsApp: +86 18221755073The Artisanal and Small-Scale Gold Mining (ASSGM) Sector is registering a tremendous growth both in Zimbabwe and Africa. In Zimbabwe, this sector is benefiting directly and …
WhatsApp: +86 18221755073In December, Zimbabwe's government announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation's most valuable gold, platinum, chrome and nickel …
WhatsApp: +86 18221755073The new measure – which also reaches gold transactions between small-scale miners and accredited traders – was signed into effect by Philippine President Rodrigo Duterte on March 29, in a move that is intended to boost the country's domestic gold reserves and global economic standing, as well as prevent illicit trading of the …
WhatsApp: +86 18221755073Based on a banking feasibility study (BFS) conducted last year, available reserves for production at the first project phase stand at 7.8Moz of PGM and gold. The company has so far completed the establishment of the core facilities of the industrial yard and infrastructure to support initial mine development.
WhatsApp: +86 18221755073HARARE, Zimbabwe (AP) — A Chinese mining company formally opened a $300 million lithium processing plant Wednesday in Zimbabwe, ... unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day. The …
WhatsApp: +86 18221755073Caledonia Mining Corporation Plc (LON:CMCL) has announced that it has signed an agreement to purchase Bilboes Gold Limited, the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings (Private) Limited, the Bilboes gold project in Zimbabwe for a total consideration of 5,123,044 Caledonia shares …
WhatsApp: +86 18221755073Caledonia Mining has lifted the resource base at its Blanket mine in Zimbabwe, 15km west of Gwanda. December 3, 2015. Share ... The gold standard of business intelligence. ... the company's increased focus on resource development at Blanket mine as we progress with the revised investment plan that will boost production …
WhatsApp: +86 18221755073Gold miner Caledonia Mining has agreed to acquire Bilboes Gold, the owner of the Bilboes gold project in Zimbabwe, in an all-share deal worth $53.3m.. Under the agreed terms, Caledonia will issue 5.1 million of its shares, representing 28.5% of its fully diluted equity, and a 1% net smelter royalty (NSR) on the project's revenues from the …
WhatsApp: +86 18221755073Caledonia Mining is considering various options to secure $250m (£206.06m) in necessary funding to support the development of the Bilboes gold mine in Zimbabwe, reported Reuters. Located 75km north of Bulawayo, the Bilboes high-grade gold deposit was subject to a limited amount of open-pit mining.
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