Tharisa delays Zimbabwe platinum mine, citing weak prices …
Tharisa Plc will delay commissioning its Karo mine in Zimbabwe by up to a year to June 2025 due to current weak platinum group metal (PGM) prices and an …
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Zimbabwe Sets March 2024 Deadline for Lithium …
The existing Value Added Tax legislation already defines "un-beneficiated lithium" and targets its export for use outside Zimbabwe, especially for battery manufacturing. Zimbabwe's Lithium Potential. Zimbabwe, with the largest lithium deposits in Africa, is well-positioned to become a significant player in the global lithium market.
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Top Precious Metals News Headlines from Metals Daily
GOLDMAN SACHS boosts year-end gold prices target to $2700. COSTCO keeps selling out of gold bars. Experts warn rush is more 'mob mentality' than sound investment decision. JP MORGAN : Keep buying commodities to protect against growing risk inflation may return. JEFFERIES : Chris Wood can't explain why gold prices are rising so fast.
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Zimbabwe's platinum prices plummet
According to the Chamber of Mines of Zimbabwe, the southern African country's export earnings from the precious metal dropped to US$1.6 billion in 2023 from US$2.2 billion previously, largely as a result of depressed prices. PGMs constitute an estimated 25% of Zimbabwe's export earnings.
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SA and Zimbabwe miners eye uncertain platinum demand …
A s South African platinum group metals miners cut jobs and their Zimbabwe units scramble for capital to sustain productivity and expansion, weaker commodity prices and growing transition to ...
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Zimbabwe Achieves Record Platinum Production Amidst …
Zimplats, Zimbabwe's largest platinum producer, despite progressing with its major capital projects under a US$1.8 billion investment, faces uncertainty with future …
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Zimbabwe Introduces New Tax on Lithium Mining
Zimbabwe's government, as part of its national budget for 2024, has introduced a new tax regime affecting the lithium mining sector. Finance Minister Mthuli Ncube announced a 1% levy on the gross proceeds from lithium mining. This tax is part of a broader initiative to bolster the country's economy. Funding Urban Infrastructure.
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Platinum's Fate May Be Determined In Zimbabwe
The effect of Japan's earthquake on auto makers has a major impact on platinum markets because it affects demand. However, a move to nationalize mines in Zimbabwe may also play a major role in ...
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Zimbabwe's largest platinum project clears key hurdle
The $2 billion project, located about 65 km (40 miles) from the capital Harare, is expected to produce 860,000 ounces of platinum group metals (PGM) and …
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Zim sees massive platinum rebound
Zimbabwe has three key platinum group metals (PGMs) miners extracting the resource. These include Zimplats, a unit of the Johannesburg Securities Exchange …
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Platinum miners fear bloodbath as prices fall
According to the Chamber of Mines of Zimbabwe, the southern African country's export earnings from the precious metal dropped to US$1,6 billion in 2023 from US$2,2 billion previously, largely as a result of depressed prices. PGMS constitute an estimated 25% of Zimbabwe's export earnings.
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Platinum – mining, uses, pricing and regulation in Zimbabwe
Platinum is a rare metal found in the earth's crust at 0.005ppm. ... smelters, base metal, and precious metals refinery and a power generation capacity (300MW of solar energy) made available to the power grid. ... offering insightful perspectives, up-to-minute news, policy and comprehensive analysis of the Zimbabwe mining industry. …
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Zimbabwe's platinum prices plummet | African Mining Market
According to the Chamber of Mines of Zimbabwe, the southern African country's export earnings from the precious metal dropped to US$1.6 billion in 2023 …
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Zimbabwe's new mineral royalty policy comes into force
Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for diamonds. Foreign companies with operations in Zimbabwe include Anglo American Platinum (AMSJ.J) New Tab
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Platinum and Zimbabwe: How we can benefit as a nation …
ZEPARU in a 2014 report entitled Engineering and metals industry value chain analysis notes that the auto-catalyst sector is the most important end-user of PGMs. Increasingly stringent environmental legislation and the spread of regulation into more engine sectors globally have created a huge ongoing market for platinum, palladium and …
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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 ... Zambia is not a major platinum producer, it has set its royalties for precious metals, including platinum, at 6% of the value. ... perspectives, up-to-minute news, policy and ...
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Zimbabwe worried over delays to platinum mine
Zimbabwe worried over delays to platinum mine | International Precious Metals Institute. July 07, 2023. Source: Mining MX. ZIMBABWE'S government is due to …
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Provident Metals News Center | Provident Metals
Welcome to Provident Metals' newsroom, your go-to source for information about our company and the precious metals industry. If you're a blogger or journalist, we welcome all appropriate inquiries. Based in North Dallas, Provident Metals is the web's premier provider of international and domestic bullion, currency, numismatic coins, and …
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Zimbabwe Precious Metals News Monitoring
Miners seek power tariff cut, tax relief. Martin Kadzere The Chamber of Mines Zimbabwe is lobbying the Government for a temporary reduction of electricity tariffs and tax relief for platinum miners in response to the plummeting global prices of the metal, which threaten the industry's survival.
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Zimbabwe Achieves Record Platinum Production Amidst …
The global market's outlook anticipates continued deficits, with an undersupply of 418,000 ounces expected in 2024, following a shortfall of 878,000 ounces in 2023. Despite these market challenges, Zimbabwe's production resilience and strategic projects underscore its potential to maintain a significant role in the platinum sector.
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Zimbabwe
The Reserve Bank of Zimbabwe reported in its January 2009 Monetary Policy Statement (Ref B) that the minerals sector (excluding gold) contributed 51 percent to Zimbabwe's total exports of US$1.6 ...
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Daily Precious Metals Market Update | News, Trends, Prices
Market information and news is critical for precious metal investing. However, many investors have limited time to sort through the massive amounts of market data and gold, silver, platinum and palladium news. ... Platinum support is now anticipated at $930.00, then $907.00, and then $950.00. . . and resistance anticipated at $1,095.00, …
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Zimbabwe, SA platinum miners faces uncertainties ahead …
As South African platinum group metals miners cut jobs and their Zimbabwe units scramble for capital to sustain productivity and expansion, weaker commodity prices and growing transition to ...
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The potential of the Semi-precious stone industry in Zimbabwe
The resources of semi-precious stones in Zimbabwe are estimated to be vast. Their total value is estimated at US$20 billion. The country hosts about 33 different types of semi-precious minerals. The minerals are under-explored (more so than other minerals), so the estimated number of types and value could be way below the actual.
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Platinum: The solution to Zimbabwe's stunted growth …
The Zimbabwe Economic Policy Analysis and Research Unit in a 2014 report entitled Engineering and metals industry value chain analysis gives a thorough analysis of the PGM mining and its by products and they note that the platinum-group metals (PGMs) are extremely scarce by comparison, to other precious metals, which is due both to …
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Zimbabwe to announce more precious metals investors
Zimbabwe to announce more precious metals investors. April 28, 19 by Staff Writer. Zimbabwe’s Sunday Times reported that the Zim government will, in the next few weeks, announce at least two more investors that are expected to deploy huge foreign capital in the country's platinum sector as scores of local and foreign investors fall in ...
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Platinum in Zimbabwe
Platinum. Share this article. According to GlobalData, Zimbabwe is the world's third-largest producer of platinum in 2022, with output up by 2% on 2021. Over …
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Firms' approach to mitigating risks in the platinum group metals sector
With platinum prices declining due to a seismic demand shift and firms grappling with the high cost of labor and prolonged production-stopping labor strikes, the financial sustainability of platinum group metal (PGM) firms has come under duress since 2012. This article seeks to understand how mining firms have reshaped their strategies to …
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Impala Platinum to cut spending after metal price decline
South Africa's Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday. The prices of platinum group metals (PGM), which ...
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Gold Spot Prices | Silver Prices | Platinum & Palladium | KITCO
Gold, the precious metal long revered as a safe-haven asset, experienced a respectable price increase on Friday, fueled by a confluence of geopolitical tensions and economic uncertainties. As of 5:25 PM EDT, gold futures based on the most active June 2024 contract settled at $2,413.80, after factoring gains of $15.80, or 0.66%.
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