Gold – Reuters reported that according to Zimbabwe's finance minister, the country's only gold reserves are coins valued at $501,390.
Articles Tagged "zimbabwe"
Platinum – Bloomberg reported that a proposed 15-percent tax on Zimbabwe's platinum exports is garnering heavy criticism. The tax is part of the country's efforts to keep more industry revenue within its borders.
Platinum – Mining Weekly reported that Zimbabwe, which last year gave miners two years to build a platinum refinery in the country, has shortlisted two firms interested in doing so.
Platinum – Bloomberg reported that Mwana Africa plc (LSE:MWA) plans to raise money to restart a Zimbabwe-based Bindura Nickel Corp. refinery that was mothballed six years ago. The company intends to use it to refine platinum-group metals (PGMs).
Diamond – The Africa Report said yesterday that Zimbabwe expects to gain billions of dollars from mining new diamonds fields "almost the size of Swaziland."
Platinum – Bloomberg reported that although Robert Mugabe, president of Zimbabwe, last year told Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY), Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) and Anglo American plc (LSE:AAL) that he would halt platinum exports if they didn't build a refinery for the metal by 2015, Deputy Mines Minister Fred Moyo now believes that deadline may be unachievable.
Platinum – Voice of America reported that platinum miners in Zimbabwe must submit proposals to build a precious metals refinery by January 18.
Gold – AllAfrica.com reported that Wonder Bay Company has received approval to open a medium sized gold mine in Hope Fountain, about 85 kilometres north of Bulawayo at a cost of US$30 million.
Diamond – Bloomberg reported that Zimbabwe's first auction of diamonds from its Eastern Marange fields following the European Union's removal of sanctions has drawn "much interest," as per the Antwerp World Diamond Centre. The prices fetched by the gems are, however, confidential.
Diamond – The Africa Report reported that diamond miners in Zimbabwe, one of the world's top diamond-producing countries, are saying that it is not economically viable for them to dig any deeper for the gems. As a result, the African nation may have to stop producing diamonds.