Local Platinum Producers Considering Constructing A Precious Metals …
Zimbabwe has the second-largest platinum deposits in the world after South Africa and has been pushing mining firms operating in the country to build beneficiation facilities. In 2015, the Government imposed a 15 per cent tax on raw platinum exports to encourage companies to beneficiate the mineral locally.
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.
THE CASE OF PLATINUM FOR ZIMBABWE
1.1 Overview of platinum mining in Zimbabwe Platinum in Zimbabwe is exported as a group due to the absence of further processing within the country. The Platinum-Group Metals (PGM) refers to a group comprising of six chemically similar elements; Ruthenium (Ru), Rhodium (Rh), Palladium (Pd), Osmium (Os), Iridium (Ir), and Platinum (Pt).
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 ...
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.
Zimbabwe to meet with Bravura over delayed platinum …
Zimbabwe has the world's second-largest reserves of platinum, which occurs with base metals including nickel and copper. Peters owns Aiteo Eastern E&P Co., Nigeria's biggest domestic oil ...
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 …
The Future of the Platinum Group Metals | Alchemist | LBMA
Such calls were heard in the platinum group metals (PGM) sector in the global economic crisis in 2008 and on several occasions since, including during 'dieselgate' in the 2010s, then in relation to electrification of the vehicle drivetrain and again in the aftermath of Russia's invasion of Ukraine (which sets itself apart in this list for the ongoing …
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.
Platinum Price Today | Price of Platinum Per Ounce
Live Platinum Charts and Platinum Spot Price from International Platinum Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco. BUY/SELL GOLD & SILVER. Bullion Coins and Bars. Precious Metals. All Metal Quotes ... platinum. Live platinum Price. Apr 22, 2024 - 22:22 NY Time. Bid-- (-) Ask-ounce--gram …
Palladium news | Breaking News & Top Stories | NewsNow
Less than a third of seats have been sold at the 2,200-person capacity Palladium - as iconic venue slashes prices weeks before 'inspirational' talk MailOnline 09:03 Fri, 05 Apr. 21 Apr 19:30. Get the latest Palladium news, all in one place. Comprehensive Palladium news aggregated from over 14,000 sources from around the world.
Unleashing Zimbabwe's Platinum Potential A Promising …
By Ronald Joma, Oct 03, 2023. Harare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the metal, presenting an …
OneGold™ | Gold News, Silver News
04/09/2024. Gold hits record high on buying momentum, geopolitical risks. Reuters. 04/09/2024. Gold prices rise, keep record highs in sight ahead of inflation, Fed cues. Investing. 04/09/2024. Latest news about silver in the market. Silver Surges Amid Global Tensions, Economic Fears.
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 …
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 …
Zimbabwe Mining Struggles Amid Falling Metal Prices and …
Zimbabwe's primary mining entities report that plummeting metal prices combined with increasing operational costs are jeopardizing the industry's viability. Notable South African resource conglomerates, including Impala Platinum (Implats), Anglo American Platinum, and Sibanye-Stillwater, play significant roles within this sector.
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 …
Platinum and Zimbabwe: How we can benefit as a nation …
Russia is the world's largest source of palladium through Norilsk. Norilsk was also reported to be a significant producer of platinum (13 percent) and rhodium (11 percent), yielding 28 percent of the world's PGM supply. These comparative figures show that Zimbabwe's production of platinum is very small compared to South African …
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.
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 ...
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.
Platinum metals face structural hit to demand from electric …
Along with close relative rhodium, the two metals are chiefly used in the catalytic converters used to clean exhaust fumes by the auto sector, an area that accounts for some 40% of platinum demand ...
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 ...
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 ...
Platinum news | Breaking News & Top Stories | NewsNow
Zimbabwe's platinum prices plummet The Zimbabwean 02:54 Sat, 23 Mar. 21st March, 2024: Scrap Gold and Platinum Prices Soared on Index, Silver Dipped Scrap Monster 23:45 Thu, 21 Mar. 20th March, 2024: Scrap Gold, Silver and Platinum Prices Dropped on Index Scrap Monster 23:47 Wed, 20 Mar.
Precious Metals News & Analysis
Money Metals News Service. Important precious metals market news and pithy commentary for savvy investors. High-quality issue briefs, gold and Silver price charts, and breaking news alerts. Join over 1.2 million individuals who receive our email news alerts. Showing 1 to 20 of 1867 results.
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 …
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 ...
Heraeus Precious Metals Forecast 2024
Heraeus Precious Metals is globally leading in the precious metals industry. The company is part of the Heraeus Group and covers the value chain from trading to precious metals products to refining and recycling. It has extensive expertise in all platinum group metals as well as gold and silver.
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 ...