Sunday, August 14, 2016

Aquarius posts $9,5m profit, output drops sharply

October 27, 2009 by · Leave a Comment 

Midtier platinum-miner Aquarius Platinum posted a net profit in the September quarter, despite production falling by almost 25% as a result of industrial action and mine closures. The company, which owns mines in South Africa and Zimbabwe, boosted first-quarter profit to $9,5-million, from a loss of $21,5-million a year earlier, when sales adjustments caused by [...]

Zim mining depends on govt delivering on promises – Implats

October 16, 2009 by · Leave a Comment 

The world’s second-largest platinum producer Impala Platinum (Implats) says that, although the Zimbabwean government of national unity is making positive statements and wants to create the right atmosphere for investment in mining, the company is still to see whether the positive talk will translate into tangible outcomes. Implats has invested about $400-million to $500-million in [...]

Zimbabwean government should honour its investment agreements – Implats

October 16, 2009 by · Leave a Comment 

David Brown says that the beleaguered country has yet to do some of the things it has promised the company Read more….

Mwana Africa announces first gold pour at Zimbabwe mine

October 15, 2009 by · Leave a Comment 

Mining company Mwana Africa has announced the first pour of gold at its Freda Rebecca gold mine in Zimbabwe, which is located some 90km north-east of Harare. About 180 ounces of the precious metal were produced at the project on October 13th, some two years after it was closed due to an unstable political climate.The [...]

RioZim aiming to up gold output

October 14, 2009 by · Leave a Comment 

RioZim is looking to increase its monthly gold production at one of its mines in Zimbabwe. The mining company told Reuters that it is aiming to produce 80kg of the precious metal per month at its Renco mine in the south of the country by the time 2009 draws to a close.The news feeds on [...]

Mwana pours first gold at Zimbabwe’s Freda mine

October 14, 2009 by · Leave a Comment 

Multicommodity resources company Mwana Africa on Tuesday announced the first pour of 180 oz of gold following the completion of Phase 1 of its refurbishment programme at the Freda Rebecca gold mine, near Bindura, in Zimbabwe. "The first gold pour marks a significant milestone in the redevelopment of our assets in Zimbabwe," Mwana CEO Kalaa [...]

Mwana close to finance deal on Zimbabwe mine

October 13, 2009 by · Leave a Comment 

Miner Mwana Africa Plc is close to a landmark deal to finance the second phase of its Freda Rebecca gold mine in Zimbabwe, which could set the stage for the revival of a nearby nickel operation, the firm’s chief executive said. London-listed Mwana is holding discussions with development banks about a loan to allow output [...]

Zimbabwe parliament to weigh mine sector law reform

October 6, 2009 by · Leave a Comment 

Zimbabwe’s parliament will debate legal reforms badly needed by the battered economy, including the crucial mining sector, in coming weeks, but analysts say foreign investors will wait to see how the laws are applied. President Robert Mugabe opens a new session of parliament on Tuesday which officials say will consider amendments to the Mines and [...]

Inflation is Our Future

September 30, 2009 by · Leave a Comment 

The Daily Reckoning On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention [...]

The Road to Zimbabwe

September 30, 2009 by · Leave a Comment 

Bullion Vault Just how can the Fed mop up the excess liquidity its pumped into the banks…? SPRINKLED ACROSS the official talk about efforts to end the current recession, you’ll hear assurances – notably from Federal Reserve chairman Ben Bernanke – that when the economy does revive, it won’t be allowed to blast off into [...]

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