Diamond – Bloomberg reported that now that the European Union has lifted sanctions on state-owned Zimbabwe Mining Development Corp., Zimbabwe plans to sell diamonds from its Marange fields in Antwerp in the near future.
Articles Tagged "zimbabwe"
Platinum – Reuters reported that according to Zimbabwe's mines minister, the country will allow foreign-owned platinum mining companies to own majority shares in their operations as long as they build a refinery in the country. The norm is for companies to send mined material to South Africa for processing.
Platinum – Bloomberg reported that Zimbabwe's ruling party, the Zimbabwe African National Union-Patriotic Front (ZANU-PF), has spoken out against Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) and Aquarius Platinum Ltd.'s (ASX:AQP,LSE:AQP) plan to cut 100 jobs at their Mimosa operation. The planned cuts are the result of low prices.
Platinum – Johnson Matthey said in its Platinum 2013 Interim Review that platinum looks set to record a 605,000-ounce deficit this year.
Platinum – Reuters reported that Robert Mugabe, president of Zimbabwe, said the country may stop exporting raw platinum to South Africa in order to force mining companies to build a refinery in the company.
Platinum – Reuters reported that the government of Zimbabwe is set to review Impala Platinum Holdings Ltd.'s (OTCMKTS:IMPUY) plan to sell control of Zimplats Holdings Ltd. (ASX:ZIM) to local black investors for $971 million. The sale is part of the country's indigenization program.
Platinum – Bloomberg reported that yesterday, Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) took its biggest fall in five months on news that it plans to open a second shaft at its Mimosa platinum mine, located in Zimbabwe. Companies in Zimbabwe must cede project stakes to local investors.
Platinum – Bloomberg reported that state-owned Zimbabwe Mining Development Corp., Eurasian Natural Resources Corp. (LSE:ENRC) and a Chinese company plan to begin metal production on concessions taken from Anglo American Platinum Ltd. (OTCMKTS:AGPPY) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).
Platinum – Bloomberg reported that Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY), Anglo American Platinum Ltd. (OTCMKTS:AGPPY) and Aquarius Platinum Ltd. are looking into building a $3-billion platinum and base metals refining complex consisting of a smelter, base metals refinery and precious metals refinery. It would be located in Zimbabwe.
Platinum – Bloomberg reported that according to a report put together by Zimbabwe's Chamber of Mines, the country requires investment of up to $5.3 billion, as well as stable mining policies, if it is to increase its platinum output to the point where it is able to "rival Russia as the world's second-biggest producer of the metal."