Chrome miners cry foul over poor prices

HARARE, July 19 (The Source) – Small-scale miners have raised concerns over poor chrome prices offered by state-owned, entities Minerals Marketing Corporation of Zimbabwe (MMCZ) and Applebridge, which they say are not in line with international market prices.

BNC FY revenue up 7pct to $45mln

HARARE, June 30 (The Source) – Bindura Nickel Corporation (BNC) recorded a 7 percent increase in revenue to $45,1 million in the full year to March from $42,3 million in the prior year, on increased production and sales volumes despite a fall in nickel prices.… Read More

Zimbabwe expects 2,5mln carat diamonds in 2017

HARARE, June 22 (The Source) – Zimbabwe expects to produce 2,5 million carats of diamonds this year after acquiring equipment for its state-owned Zimbabwe Consolidated Diamond Company but legal challenges remain over its move to nationalise diamonds fields in the east of the country. President… Read More

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