Large scale mining operations in Zimbabwe
The Renco Mine is 100 per cent owned by RioZim Limited. The mining rights are held through mining claims, a mining lease, and a special grant covering a total area of 2 736 hectares. The mine is located in the South-East of Zimbabwe in Nyajena communal lands, approximately 75km southeast of Masvingo.
Zimbabwe withdraws 15% tax on platinum exports
August 11, 2015. Zimbabwe's Government has suspended a tax of 15% on raw platinum exports after mining companies requested time to set-up smelters and refineries. In a bid to encourage processing of the metal locally, president Robert Mugabe's government introduced the levy on unrefined platinum in January. Zimbabwean Minister of Mines ...
Karo mining holdings | Who we are
Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. A joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe special purpose vehicle (SPV), the Karo Platinum project has an initial life of 17 years with less than 10% of the 23 903 ...
ENRC, China to launch platinum production in Zimbabwe
By Mining Review Africa. October 23, 2013. Zimbabwe Mining Development Corporation, a state-owned company, plans to start metal production with Eurasian Natural Resources Corporation (ENRC) and a Chinese company on concessions taken from Anglo American Platinum Limited and Impala Platinum Holdings Limited. A …
World's ten largest platinum mines in 2020
Here are the ten largest platinum mines by production across the world in 2020, according to GlobalData's mining database. 1. Impala Mine. The Impala Mine is an underground mine situated in North West, South Africa. Owned by Impala Platinum Holdings, the brownfield mine produced an estimated 514.399 thousand ounces of …
Zimbabwe doubles royalties on platinum miners
September 1, 2022. Read Next. Zimbabwe has tabled new regulations for local companies, which include a doubling of mineral royalties for platinum miners. The royalty rate for platinum miners – among them units of Anglo Platinum and Impala Platinum – has been raised from 2.5% to 5%. Mineral royalties must now be paid "in both local and ...
Caledonia explores funding options to build Zimbabwe's …
Caledonia Mining Corp is exploring options to raise $250 million needed to develop its Bilboes project into what could be Zimbabwe's biggest gold mine. The company, which also owns the Blanket ...
Chitando, Bravura sign a $50million Platinum deal
Chinese mining firm property attached over USD218 970. BRAVURA Consortium will spend more than $50-million to explore for and mine Platinum in Zimbabwe, the Minister for Mines and Mining Development, Winston Chitando said yesterday after both parties signed the agreement. Zimbabwe is seeking to quickly …
Karo Resources breaks ground on $4.2bn platinum mining project in Zimbabwe
The mining and refining complex will comprise platinum mining, precious metals and base metals refining along with a 300MW solar power plant. Earlier this month, Cypriot resources company Tharisa acquired a stake of 26.8% in Karo with an intention to get access to the PGM and based metal resource owned by the latter in Zimbabwe.
Zimbabwe to double royalty rate on platinum group metals …
Image: Philimon Bulawayo/Reuters. Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase ...
Ngezi Platinum Group Metals Mine, Zimbabwe
Located about 150km south-west of Harare, Ngezi is Zimbabwe's principal platinum-group metals producer. Operated by Makwiro Platinum Mines, owned 70% by Zimbabwe Platinum Mines (Zimplats) and 30% by the South African mining company, Impala Platinum. Ngezi replaced the failed Hartley operation, which was developed by …
Zimbabwe doubles platinum royalty fees
Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase government revenues. The country is the world's third-largest producer of platinum, after South Africa and Russia, hosting major miners Anglo American Platinum, Impala …
Karo platinum project taking off in Zimbabwe with solar
A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July ...
Platinum deficit to widen in 2024; supply constraints and
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he …
The Herald
Zimbabwe's mining sector accounts for more than 75 percent of the country's foreign currency while gold and platinum, between them, account for over 50 percent of …
Zimbabwe
Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. The country boasts the second-largest platinum deposit and high-grade chromium ores in the world, with approximately 2.8 billion tons of PGM and …
Mining Zimbabwe Magazine
Mining ZIMBABWE A provider of Valuable Intelligence to the Zimbabwe Mining Community 01ISSUE 2020 $25 Zimplats platinum production decreases Interview: Mr. Patrick Takaedza, Africa's youngest Group Chief Geologist Protecting your operations from 07 12 Machete gangs 26 MTHULI'S EITI MOVE SUPPORTED BY THE MINING …
Pilot mining starts at Karo platinum project
Zimbabwe is envisioning a US$12 billion mining industry by 2023. Of the US$12 billion, gold, platinum, and diamonds will contribute US$4 billion, US$3 billion, and US$1 billion, respectively. Chrome, iron ore, and carbon steel will contribute US$1 billion, while coal and hydrocarbons will contribute the same. Lithium will cost US$500,000, …
Bokai platinum project takes shape | Mining Index Zimbabwe
July 15, 2021. 0. LEADING diversified natural resources producer, Eurasian Resources Group Africa has started mobilising additional contractors and staff to undertake work on its Bokai platinum project in the lower region of the Great Dyke near Shurugwi. The developments come after the Ministry of Mines and Mining Development last month ...
Zimplats | Leading Platinum Mining Company in …
Community Stories. We are committed to achieving zero harm, improving the livelihoods and health of our communities, our workforce and their dependents. Zimplats is the leading mining company in Zimbabwe …
Zimbabwe platinum export tax shelved for now
According to the state-owned Herald newspaper, the levy — imposed by President Robert Mugabe in January— aimed to encourage local processing of the metal.. While Zimbabwe holds the world's ...
Platinum miners maintain expansion plans as PGM prices …
Zimbabwe's platinum producers are continuing with their expansion plans despite a very challenging environment characterised by the worst platinum group metals …
South African mining companies excelling in Zimbabwe
Mimosa. Mimosa, a 50:50 venture between Implats and Sibanye-Stillwater, is also bearing up well and the mine reported a 21% hike in gross profit to R773 million for the year ended June. Johan Theron, an Implats spokesperson, says that the business environment in Zimbabwe had become "extremely challenging" over the past eighteen …
Zimbabwe platinum miners ask government to defer 5
Credit: Zimplats. Platinum miners in Zimbabwe asked the government to push back a tax on exports of semi-processed metals, requesting more time to invest in processing plants at home. The Treasury ...
The Herald
ZIMBABWE'S upcoming platinum mine projects and upgrades to existing opera- tions valued a combined US$10 billion will position the country as a global platinum powerhouse, a Cabinet...
EMA speaks on Great Dyke Investments Platinum project
Darwendale deposit is a part of the Great Dyke in the Republic of Zimbabwe, one of the world's largest systems of PGM mineralization with shallow dipping of ore bodies. Total resources of the deposit amount 50 mln oz (1,550 t) of PGMs, of which 17.6 mln oz (550 t) have been thoroughly explored and confirmed according to JORC …
Tharisa planning to invest $391m in platinum mine in Zimbabwe
October 13, 2022. South African mining firm Tharisa is planning to invest $391m to develop the Karo platinum group metal (PGM) mine in Zimbabwe, as reported by Reuters. The company currently holds a 70% stake in Karo Mining Holdings, which owns the Karo PGM project on Zimbabwe's Great Dyke. Located around 100km south-west of the Harare, …
Zimbabwe's largest platinum project clears key …
Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) has cleared an important hurdle to develop what it would be the African nation's largest platinum mine.
Zimbabwe signs $4,2-billion platinum deal to transform …
A Cypriot investor signed a $4.2 billion deal on Thursday to develop a platinum mine and refinery in Zimbabwe, an investment that President Emmerson …
The Herald
Senior Business Reporter. The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ...