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New Dawn Mining Company First Shipment Gold Mine To South Africa
New Dawn Mining Corp. announced that it has delivered its first two bars of fine gold, totaling 20 kg’s (645 ounces) from its 100% wholly-owned Turk Mine in Zimbabwe to Rand Refiners in South Africa, under the process set up by the Chamber of Mines of Zimbabwe within the Gold Trade Act of Zimbabwe.
South Africa to Curb Uranium Exports to Ensure Supply
South Africa, which has Africa’s biggest uranium reserves, may limit exports of the metal to ensure sufficient supply of fuel for its existing and planned nuclear power plants.
Minerals and Energy Minister Buyelwa Sonjica should approve the policy within the next few weeks, Bheki Khumalo, spokesman for the Department of Minerals and Energy, said in an [...]
Chinese Expand Mining Investment in Zimbawe
Chinese investors who were part of a recent visiting delegation are eyeing significant investments within Zimbabwe’s gold and platinum sectors, the Herald Business has gathered.
While no figures could be obtained, this paper understands that the Chinese are admirers of Zimbabwe’s mining industry, and were keen to pour in money.
The 22-member delegation, which consisted of mining, [...]
Gold Prices Set to Hit New Highs
ANALYSTS predict international gold prices will touch a high of US$800 per ounce by year-end, helped by a falling US dollar and the current global financial turmoil.
Investors are buying gold as a safe haven for wealth because of the problems in the US economy, analysts said.
Prices are expected to soar to new highs at over [...]
Zimbabwe: ‘Policy Flip-Flops Threaten Mining Sector’s Future’
ZIMBABWE’S mining sector is “wandering in policy wilderness” owing to government’s unfavorable mining policies which have seen investors shying away from the industry, a top mining executive has said.
How Mine manager Allan Mashingaidze said the future of the mining sector remains bleak due to government’s policy flip-flop.
How Mine is owned by Metallon Zimbabwe which produces [...]
Africa’s new colonialists?
When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]
16,000 arrested in Zimbabwe blitz on illegal gold miners
Zimbabwean police have arrested at least 16,000 suspected gold panners and seized more than three kilogrammes of gold in a sweeping crackdown on illegal miners, a police spokesman has said.
“According to figures coming from our 10 provinces we have so far arrested 16,290 illegal gold panners and dealers since the launch of the current operation,” [...]
16,000 arrested in Zimbabwe blitz on illegal gold miners
Zimbabwean police have arrested at least 16,000 suspected gold panners and seized more than three kilogrammes of gold in a sweeping crackdown on illegal miners, a police spokesman has said.
“According to figures coming from our 10 provinces we have so far arrested 16,290 illegal gold panners and dealers since the launch of the current operation,” [...]
Venezuela Strengthens Its Relationships in the Middle East
Venezuela has long cultivated ties with Middle Eastern governments, finding common ground in trying to keep oil prices high, but its recent engagement of Iran has become a defining element in its effort to build an alliance to curb American influence in developing countries.
In a visit late last month to Tehran by President Hugo Chávez [...]
