The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 percent of gold mines
Jena Mine in Zimbabwe. At peak, Zimbabwe’s gold mines produced 27 tonnes of gold annually but the figure slumped to less than 10 tonnes after wholesale closure of mines during the Zimbabwe dollar era, which ended with dollarisation in 2009. Last year, gold output stood at 13,9 tonnes, against a target of 14 tonnes.
The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to remain viable due depressed prices and high royalties and taxes being charged by Government, the Chamber of Mines of Zimbabwe said yesterday.
Gold Producers’ Association chairman Ian Saunders has warned that at least 75% of the country’s gold mines will shut down in the next three months
The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 percent of gold mines in the country in the nex...
The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to remain viable due depressed prices and high royalties and taxes being charged by Government, the Chamber of Mines of Zimbabwe said yesterday.
At peak, Zimbabwe’s gold mines produced 27 tonnes of gold annually but the figure slumped to less than 10 tonnes after wholesale closure of mines during the Zimbabwe dollar era, which ended with dollarisation in 2009. Last year, gold output stood at 13,9 tonnes, against a target of 14 tonnes.
Gold Producers’ Association chairman Ian Saunders has warned that at least 75% of the country’s gold mines will shut down in the next three months
Gold mines face closure. ... Zimbabwe’s gold mines produced 27 tonnes of gold annually but the figure slumped to less than 10 tonnes after wholesale closure of ...
gold mines face closure in zimbabwe_gold mines face closure in zimbabwe
With the collapse of Zimbabwe's agricultural sector, gold mines are now the country's largest foreign currency earner. Falcoln Gold Mine, near Zimbabwe's second city Bulawayo, is the first of the gold mines to go public and say it faces closure.
Gold mines face closure. 15 Jan ... The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to remain viable ...
Mines face closure in Zimbabwe. ... The average cost of producing an ounce of gold in Zimbabwe is currently hovering at about US$1 200, according to CoMZ statistics.
Marange miners face closure. ... Chiadzwa and the abolishment of alluvial gold mining along ... commissioned by ZELA and conducted by the University of Zimbabwe.
Zimbabwe: Gold Mines Face Closure - allAfrica. The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to ...
Gold mines face closure in Zimbabwe - Nehanda Radio- zimbabwe gold mining production ,22 Jan 2015 , ZIMBABWE'S gold mining sector, rattled by massive cuts in global metal prices, is bracing for a renewed wave of mine , The slump in prices threw the country's gold mining sector, beset by high production costs that.about us - Caledonia Mining ...
Gold mines face closure in Zimbabwe - Nehanda Radio- zimbabwe gold mining production ,22 Jan 2015 , ZIMBABWE'S gold mining sector, rattled by massive cuts in global metal prices, is bracing for a renewed wave of mine , The slump in prices threw the country's gold mining sector, beset by high production costs that.about us - Caledonia Mining ...
Zimbabwe gold mines face closure - Bulawayo24 News. The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 ...
Zimbabwe: Gold Mines Face Closure - allAfrica. The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to ...
Gold mines face closure in Zimbabwe Nehanda Radio. Jan 22, 2015ZIMBABWE’S gold mining sector, rattled by massive cuts in global metal prices, ...
Gold mines face closure in Zimbabwe – Nehanda Radio · ZIMBABWE'S gold mining sector, rattled by massive cuts in global metal prices, is bracing for a renewed wave of mine closures that could significantly affect the country's embattled economy.
Zimbabwe gold mines face closure - Bulawayo24 News. The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 ...
Gold mines face closure in Zimbabwe - Nehanda Radio. 22 Jan 2015 , At peak, Zimbabwe's gold mines produced 27 tonnes of gold annually but the figure slumped to less ...
allAfrica: Zimbabwe: Gold Mines Face Closure. Jan 15, 2014 ... The majority of gold mines in Zimbabwe will be closed down in just three months as companies are struggling to remain viable due depressed...