Home Mining Top 5 Mining Headline Stories of the Week.

Top 5 Mining Headline Stories of the Week.

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1. Caledonia Mining Corporation Plc has announced quarterly gold production from the Blanket Mine (“Blanket”) in Zimbabwe for the quarter ended June 30, 2020 (“Q2 2020” or the “Quarter”).

Approximately 13,499 ounces of gold were produced during the Quarter, an increase of approximately 6.2% on the 12,712 ounces produced in the corresponding quarter of 2019.

Gold produced for the first half of 2020 was 27,732 ounces approximately 12.5% above the 24,660 ounces produced in the first half of 2019.

Caledonia maintains its 2020 full year production guidance of 53,000 to 56,000 ounces and remains on track with progress towards its target of 80,000 ounces by 2022. Source globenewswire.com/

2. Government has suspended the issuance of licences for dealing in scrap copper pending the amendment of the Copper Act, which will among other issues contain stiffer penalties of up to 10 years and above for those illegally dealing in copper or caught stealing it, Home Affairs and Cultural Heritage Minister Kazembe Kazembe has said.

Speaking in Bindura last Sunday, Minister Kazembe said regulations for obtaining copper licences were being changed to shut out briefcase companies who were stealing copper.

“We want to avoid briefcase companies that come indicating that they want to do copper conversion when in actual fact they are stealing it. The new law will allow only serious and known companies to get copper licences,” he said. Source: The Herald.

3. Russian firm and global energy giant, Uranium One, is closing in on a potential, equity deal and 51 percent off-take agreement with Zimbabwe lithium mine, Arcadia, owner Prospect Resources.

The Australia Stock Exchange (ASX) listed junior mine said this week it had appointed Renaissance Capital as the exclusive financial advisor in relation to Arcadia Mine, 38km east of Harare. Source: The Herald

Renaissance’s role pertains to the potential sale, directly or indirectly, of the junior miner “or other participation in, or the whole or part of the licence and or the assets of, Arcadia Lithium Mine or Prospect itself to Uranium One or its affiliate.

4. Government is courting private sector players in the development and rolling out of gold centres across the country’s eight mining provinces as it seeks to ramp up production from small scale miners.

Government has identified gold centres as one of the key intervention strategies needed to bridge the gap between small scale miners and some of their legacy challenges that are largely centred on a lack of machinery and technical know-how on modern mining methods

This was revealed by Mines and Mining Development Minister Winston Chitando, when he toured Suraj Mining (Pvt) Ltd, a gold milling centre situated in Mutawatawa area in Mashonaland East last week. Source:PaZimbabwe.com.

5. The Minister of Environment, Climate, Tourism and Hospitality Industry, Mangaliso Ndlovu, yesterday warned Chinese-owned mines and firms operating in Chegutu Rural District against violating environmental laws and regulations.

The environmental degradation was exposed during the tour of four Chinese companies that are into chrome mining, quarry extracting, tile making and brick moulding by Minister Ndlovu who was accompanied by Mashonaland West Minister of State, Mary Mliswa-Chikoka, Norton member of Parliament Temba Mliswa and officials from Environmental Management Agency (EMA).Source: The Herald.

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