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Gold deliveries to FPR increase 7% in July as small scale miners contribution grows

00HARARE Gold deliveries to Fidelity Printers and Refiners increased 7.14% in July to 1817kg from 1 695.9kg in the previous month. Latest data for the seven months shows that gold purchases by FPR amounted to 11 444.69kg against the set full year target of 24 000kg. Gold deliveries have begun rising as the prices continue…

Bad policies making Zim mining sector unattractive and vulnerable: World Bank

00HARARE A World Bank mining specialist Martin Lokanc says Zimbabwe’s licensing regime in the mining sector is flawed as the process rests on the discretion of officials. Because of this and other issues, mining investments are expected to be muted. Speaking during an economic governance series dialogue, the World Bank expert said processes to acquire…

Bindura nickel production down 31% in 1Q17

00HARARE Bindura Nickel Mine reported a 31% drop in production in the first quarter of its financial year primarily due to a decrease in average head grade and recoveries although there was a slight improvement in the average price. According to an operations and explorations update from parent company Asa Resource Group production at Trojan…

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