Zimbabwe wants half of royalties paid in gems, precious metals

Country aims to produce more than 900,000 tonnes of copper in 2021.

Company reported a 40% jump in annual profit, driven by a surge in prices of the steel-making raw material and a weaker rand exchange rate.

Company posted a more than three-fold rise in first-half profit and reinstated its dividend, following a surge in gold prices.

The company said it plans to increase output of platinum group metals from 3 million ounces to 3.6 million ounces by 2030.

The Johannesburg-listed miner declared a full-year dividend of 7.05 rand per share, more than five times the 2019 dividend when translated into US cents.

Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally

A 25% surge in gold prices last year has offered miners a lifeline following production disruptions due to the covid-19 pandemic.

The gold miner has been in discussions with Democratic Republic of Congo over the money for more than a year.

Company flagged on Friday a rise in interim earnings of as much as 219%, driven by higher gold prices, greater output and foreign exchange gains.