Zimbabwe could seize idle mining claims

HARARE, May 20 (The Source) –  Zimbabwe says it could repossess unused mining claims from large companies and redistribute them to small-scale miners in a bid to increase mineral output.   Mining plays a critical role in the southern African nation, accounting for 60 percent of… Read More

Turnall slips to $4mln FY loss

HARARE, May 2 (The Source) – Turnall Holdings on Tuesday reported a loss of $4 million in the full-year to December 2016 from a profit of $106,938 in the prior year, due to low consumer demand. Sales volumes declined by 39 percent to 36,791 tonnes… Read More

Zimplats Q3 profit doubles to $42mln

HARARE, April 26 (The Source) – Zimplats on Wednesday said net profit more than doubled to $42,2 million in the three months to March 31, from $20,6 million in previous quarter. Revenue dropped six percent from $139 million to $131 million. The miner benefitted from… Read More

Mimosa output flat in Q3

BULAWAYO, April 26 (The Source) – The world’s second largest platinum miner, Impala Platinum says production at its 50 percent owned Mimosa Mine in Zvishavane remained unchanged at 30,000 ounces of platinum in the third quarter to March 31. In  its unaudited production report for… Read More