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BY FIDELITY MHLANGA ZIMBABWE’S gold deliveries declined to 3,97 tonnes during the first three months of 2021 from 5,72 tonnes during the comparable period last year after heavy rains swamped shafts and kept artisanal miners from work for prolonged periods. Following years of protracted droughts, Zimbabwe has just had a good rainfall which has resulted in a bumper crop harvest. Artisanal miners, estimated at about 1,5 million in Zimbabwe, have been producing over half of the country’s annual gold output after a two-decade economic crisis triggered the closure of most big operators. Big miners have been slowly reclaiming their position over the past two years, but slight disturbances to the operations of artisanal miners still result in falling national output. Formal miners have faced several operational challenges including late payment for gold delivered to Fidelity Printers and Refiners (FPR). Foreign currency retention thresholds imposed by the central bank have also affected mining operations. Figures from FPR showed that large-scale miners, also referred to as primary producers, delivered 2,99 tonnes with small-scale miners coming in with 1,58 tonnes during the period. FPR’s report came as Caledonia Mining Corporation announced on Monday that output at its flagship Blanket Mine was slightly subdued at 13 197 ounces during the period due to heavy rainfall and lost shifts. Caledomia said it was on track to achieve a production guidance of between 61 000 and 67 000 ounces for the full year, before scaling up output to 80 000 ounces by 2022. “Production in the first quarter of 2021 was slightly below our target and below the comparable quarter in 2020 albeit at a level which allows us to maintain our 2021 production guidance of 61 000 to 67 000 ounces for the full year,” Caledonia chief executive officer Steve Curtis said. Economist Tafadzwa Chisango agreed with Caledonia, saying heavy rains had hampered operations. “Given that most of the gold is produced by small-scale miners it was inevitable that there was going to be a decline in this year’s first quarter output, largely necessitated by heavy rains the country received in the quarter in question,” Chisango said. “This, to a greater extent affected mining activities for artisanal and other small-scale gold mining operations as most do not have high end drainage machines to drain water from shafts. “But addressing issues such as payments and continued extension of gold support schemes like the one that was unveiled by the central bank recently remain key in bolstering output in the remaining quarters,” Chisango said. He projected that gold output would increase in the remaining quarters. Another analyst, Victor Bhoroma said: “Delays in payments are yet to be solved. “This leads to high levels of smuggling to markets such as South Africa and the United Arab Emirates. “Gold worth at least US$100 million per month is leaving the country through illegal channels. “I foresee gold production falling below 15 tonnes in 2021 if the exchange rate and payment delay issu
\t On Friday, internet and international calls were cut off across the West African nation in anticipation of the election results, according to locals and international observers in the capital, Conakry.
\t This was the third time that Conde matched-up against Diallo. Before the election, observers raised concerns that an electoral dispute could reignite ethnic tensions between Guinea's largest ethnic groups.
By ERIC TUCKER Associated Press WASHINGTON (AP) — U.S. officials said that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. The warning, less than two weeks before the election, amplified fears of the potential for tampering with the vote and undermining confidence in the results. The advisory from the FBI and the Department of Homeland Security's cybersecurity agency describes an onslaught of recent activity by a Russian state-sponsored hacking group against a broad range of networks, some of which were successfully […]
The post US: Russian hackers targeting state, local networks appeared first on Black News Channel.
Kristen Welker on Thursday night emerged a the real winner of the final presidential debate between Joe Biden and Donald Trump as the moderator managed to calmly keep control of the conversation while directing it with an unflappable precision that even prompted the president to offer her a compliment. Update: Kristen Welker is killing it […]
The post Kristen Welker wins final presidential debate as moderator appeared first on DefenderNetwork.com.
One SA Chief Activist Mmusi Maimane says he’s at peace and has had time to reflect on his political journey thus far.
As Nigerians protest brutality and demand reforms, some say full abolition is the only road to liberation from violence.
The Ministry of Education (MoE) yesterday engaged the parents of CAPE and CSEC-level students from regions 1, 8, 9 and 10 on its plans to prepare for the sitting of exams next year.
The article Education Ministry continues consultations with parents on CXC exams appeared first on Stabroek News.
VIGO, Spain - A couple who left their careers behind in Argentina to move to Spain didn't know how bad things were until they found a new life. The story of Veronica Kleiman and her family has been going viral in Argentina. She gave up a job in the health ministry and ditched her legal […]
By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the Nov. 3 presidential election. But any shift is likely to be in style, not substance, as frustration with Beijing increases across the American political spectrum. Both Republican and Democratic lawmakers and their constituents seem disinclined to adopt a softer approach toward China, possibly presaging more strife ahead, regardless of the election's outcome. U.S.-Chinese relations have plunged to their lowest level in decades amid an array of conflicts over the coronavirus pandemic, technology, trade, […]
The post China hopes for change if Biden wins, but little likely appeared first on Black News Channel.
NEW YORK (AP) — Gap Inc. is moving away from the nation’s malls. The San Francisco-based retailer, which was for... View Article
The post Gap Inc. exiting malls, to shutter 350 stores by 2024 appeared first on TheGrio.
By DAVID BAUDER AP Media Writer NEW YORK (AP) — The one thing most likely to conjure nightmares of the 2016 election night for opponents of President Donald Trump is the Needle. A graphic on The New York Times' website, the Needle measured in real time the probability of victory for Trump or Hillary Clinton as votes were counted. Its steady movement triggered anxiety for Clinton supporters, who repeatedly refreshed the page, and elation for Trump fans. The Needle won't be making a reappearance on Nov. 3, one change in the world of election probability gurus following the unexpected 2016 […]
The post The Needle goes away as probability experts assess 2020 race appeared first on Black News Channel.
Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. WASHINGTON — Climate change and the future of the oil and gas industry were key topics at the final debate between Republican incumbent President Donald Trump and Democratic presidential nominee Joe Biden. The two men diverged greatly on energy and […]
His reelection campaign has not rejected or returned campaign contributions from multiple well-known far-right bigots, FEC records show.
The Bahamas, one of the Caribbean Community (CARICOM) countries, with a high number of cases of the coronavirus (COVID-19) says the pandemic has severely affected its tourism-dependent economy.
NNPA NEWSWIRE — “Indiana has some incredibly restrictive voter laws, and currently we only have one early voting site in all of Indianapolis,” stated Robert Shegog, CEO at the Indianapolis Recorder Newspaper and Indiana Minority Business Magazine. “A few more will open Oct. 24, but significantly more are needed given the size of the city. However, it is very refreshing to see so many people voting early. This has been a trend in Indianapolis for over ten years now, and the numbers keep increasing,” Shegog noted.
Democratic presidential candidate Joe Biden is reportedly looking to reach across the aisle by adding several high-level Republicans to his... View Article
The post Biden considering GOP candidates for possible cabinet appeared first on TheGrio.
Eskom and Hawks say they are working to trace all those who illegally sell and buy cut-price prepaid electricity. Strong action promised.
For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a... View Article
The post Older workers face higher unemployment amid virus pandemic appeared first on TheGrio.
'Real Housewives of Atlanta' star Kandi Burruss and husband Todd Tucker charmed the Xscape singer's millions of followers on Tuesday night after she uploaded the […]
Massmart said it had lost at least R5.7 billion of sales because of Covid-19 restrictions by 27 September.
