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Zimbabwe’s biggest nickel producer Bindura Nickel Corporation (BNC) recorded a decline in production during the first half of 2022 which ended on 30 September 2022 compared to the same period last year, according to <a href="https://miningzimbabwe.com/bnc-in-production-decline/">Mining Zimbabwe</a>.
The Kuvimba Mining House-owned nickel producer said ore recovery during the period under review was also 35 per cent lower compared to the comparable half of 2021 due to lower head grade. BNC said:
<blockquote>
Nickel in concentrate production for the half year to 30 September 2022 was 1,918 tonnes, which was 25% lower than the 2,553 tonnes produced in the same period last year. The decline was mainly due to the head grade of 1.03% which was 18% lower than for the 6 months to September 2021. Recovery at 81% was 35% lower than in the previous year, in sympathy with the lower head grade.
</blockquote>
The nickel producer also said that during the quarter, ore milled was 5 per cent lower compared to the same period of 2021 due to lower mined volumes.
BNC attributes the performance to logistical challenges among them a delay in the delivery of equipment “due to disruptions in the global supply chains.”
The new equipment is expected to enable the transition into the new mining strategy, leading to an anticipated upswing in ore volumes and a return to profitability in the second half of the financial year 2023.
BNC also said that sales volumes during the half year ended 30 September 2022 were lower than the previous sales, selling 1 146 tonnes compared to 2 549 tonnes during the previous half year ended 30 September 2021.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

1st Half Of 2022: Zimbabwe's Biggest Nickel Producer Records A Decline In Production

The Government of Zimbabwe has, with immediate, effect suspended processing applications for new mining titles seeking rights to extraction of diamonds, copper, lithium, nickel and rare earth which are considered strategic minerals.
The government cites an overwhelming increase in demand for mining claims, <a href="https://www.herald.co.zw/govt-stops-issuing-permits-for-five-key-minerals/">The Herald</a> reported citing a correspondence signed by Permanent Secretary for Mines and Mining Development Mr Pfungwa Kunaka.
The correspondence dated December 19, 2022, was addressed to provincial mining directors and the deputy cadastre registrar and the mining affairs board secretary.
The Government has also directed that on applications for inspection certificates, the applicants should submit:
<blockquote>
a). a declaration of the amount of work carried out on mining claims,
b). a declaration of minerals contained in the ore body being mined.
</blockquote>
Reads part of the correspondence:
<blockquote>
We have of late seen flooding of applications for mining titles for minerals which have now been deemed strategic in the upcoming Mines and Minerals Amendment Bill.
It has thus become necessary that in the national interest we temporarily stop acceptance and processing of applications for mining titles for the following minerals until further notice: diamonds, copper, lithium, nickel, and rare earth minerals.
The above directives are to be implemented with immediate effect.
It has come to the Ministry’s attention that some miners have not been declaring discovery of different minerals from the one that they are registered for.
This non-declaration has led to prejudice to the growth of the mining sector economy as in some instances high-value minerals are involved.
Accordingly, you are hereby directed to ensure that on applications for inspection certificates the applicants submit a declaration of the amount of work carried out as well as a declaration of minerals contained in the ore body being mined.
</blockquote>
This, it said, should be backed by an assay certificate issued by an approved laboratory. 
The government recently <a href="https://zero.pindula.co.zw/zimbabwe-bans-export-of-raw-lithium/">banned the exportation of raw lithium.</a>
The deputy cadastre registrar and mining affairs board secretary are now required to undertake frequently targeted inspections to prevent leakages and losses while monthly reports of such inspections need to be submitted to the Ministry of Mines and Mining Development.
In 2019, the Government launched a US$12 billion mining industry strategic roadmap by next year aimed at increasing production in the sector from the low levels of about US$2.7 billion in 2018.
Authorities say the sector has grown to about US$5.3 billion in 2021 and is expected to reach US$8 billion this year.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Zimbabwe Suspends Issuance Of Permits For 5 Strategic Minerals

The Zimbabwean government wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash.
Finance and Economic Development Permanent Secretary <a href="https://www.pindula.co.zw/George_Guvamatanga">George Guvamatanga</a> said the move is aimed at building the southern African country’s mineral reserves.
In a letter sent to the Ministry of Mines on September 2, 2022, Guvamatanga said the Treasury was concerned that the country does not have reserves of the minerals, which “serve as a source of trust in a country given that they carry no credit or counterparty risks,” 
Guvamatanga confirmed the Treasury’s plans in a phone interview with Bloomberg on Friday saying “It’s something we want to implement.” 
Polite Kambambura, deputy mines minister, said in a phone interview that consultations are still being undertaken with miners, including multiple meetings this week. He said:
<blockquote>
The whole idea by the Ministry of Finance is that they want to store value of our royalty.
</blockquote>
Mining companies that operate in Zimbabwe include subsidiaries of Impala Platinum Ltd., Anglo American Platinum Ltd. and Sibanye Gold Ltd. 
Zimbabwe has the world’s third-largest reserves of platinum and also mines gold, diamonds, nickel, chrome, lithium and coal.
<h2><a href="https://zero.pindula.co.zw/">Pindula News</a></h2>

Govt Wants Miners To Pay Royalties In Diamonds, Gold, Platinum

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