mining zimbabwe million

  • zimplats – Platinum Mining Company in zimbabwe

    The Mupani Mine Development Project remains ahead of schedule. A total of US$28.7 million was spent on this project during the year bringing the project expenditure as at 30 June 2018 to US$37.8 million. The mine is scheduled to reach full production of 2.2Mtpa in August 2025 at an estimated total project cost of US$264 million.

  • EMA stops -million Liberation coal project

    Mar 15, 2018 · COAL miner, Liberation Mining (Liberation), says it is yet to start commercial operations because Zimbabwe's regulatory and statutory bodies have incessantly interrupted the project with fresh demands. Liberation chief executive officer, Victor Tskhovrebov, last week told The Financial Gazette ...

  • South African Mining Tycoon Mzi Khumalo Demands $132 ...

    May 19, 2019 · South African Mining Tycoon Mzi Khumalo Demands $132 Million From Zimbabwe Reserve Bank Mfonobong Nsehe Contributor Opinions expressed by Forbes Contributors are their own.

  • Why ACF is pouring millions into Zim | Zimbabwe Mining News

    May 31, 2017 · Africa Chrome Fields (ACF), which is owned by non-listed South African company Moti Holdings, caused a stir in 2014 when it announced that it would sink over $200 million into a mining project in Kwekwe that was expected to produce around 10 000 tonnes of ultra-low carbon ferro chrome per month within 11 months.

  • Economy of Zimbabwe - Wikipedia

    Zimbabwe faced 231 million percent peak hyperinflation in 2008. A combination of the abandonment of the Zimbabwe dollar and a government of national unity in 2009 resulted in a period of positive economic growth for the first time in a decade. The country has reserves of metallurgical-grade chromite.

  • ZIMBABWE NEEDS $187 MILLION TO RAMP UP MARANGE MINE ...

    Mines minister Winston Chitando told investors that the Zimbabwe Consolidated Diamond Company (ZCDC) "requires a capital injection of $187 million this year to ramp up production in Marange", Rough & Polished reports. Chitando also said that ZCDC was targeting "to boost output to 3 million ...

  • Zimbabwe: Individuals, NGOs Trade U.S.$9 Million On the ...

    The Reserve Bank of Zimbabwe (RBZ) says almost US$9 million was traded by individuals and Non-Governmental Organisations (NGOs) on the interbank market in five consecutive days last week.

  • Mining earnings reach US$583 million

    THE Zimbabwe Chamber of Mines said the country's mineral production during the four months to April brought in US$582,8 million down 11,2 percent from the comparable year ago period. Gold ...

  • Tharisa heads into Zimbabwe with $4.5 million investment ...

    Jun 13, 2018 · The acquisition, which represents a cash consideration of $4.5 million, will see Tharisa granted access to Karo Holdings' PGM mining rights under a special grant covering an area of 23 903 hectares situated on the Great Dyke in the Mashonaland West District of Zimbabwe.

  • Chinese firm sets up $2 million gold plant - Zimbabwe ...

    Jul 25, 2019 · A CHINESE investor has pledged to set up a US$2 million gold processing plant in Maphisa district, Matabeleland South province, bringing relief to small-scale miners who have endured years of challenges in processing the precious metal. The district is home to thousands of artisanal miners who have ...

  • Zimbabwe mining sector expecting $300 million in ...

    Mar 16, 2018 · 2018 looks set to be an incredible year for mining investment into Zimbabwe, as the country expects investment of more than $300 million into the sector. According to Reuters, the Mining Minister told an investor conference this week that through a refocus on .

  • Padenga to acquire controlling stake in gold mining firm ...

    Aug 06, 2019 · Dallaglio mining assets have a total resource of 1,6 million ounces. The interest into mining by Padenga comes at a time when mining remains Zimbabwe's major source for .

  • Chrome miners in legal row over US$7 million ore theft ...

    A local chrome mining company, Afrochine Smelting is being sued for over US$7 million after it allegedly stole ore from a rival company, N.R Barber (Private) Ltd. The case has spilled into the ...

  • Zimbabwe: Govt to Finalise U.S.$100 Million Mining Loan ...

    Apr 13, 2016 · Zimbabwe: Govt to Finalise U.S.$100 Million Mining Loan By Martin Kadzere 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.

  • Zimbabwe hopes to transform mining sector with $4.2 ...

    The landscape of Zimbabwe's mining industry will never be the same." ... It predicted it would have a net cash position of $185 million by the end of 2022 and said platinum prices should ...