Unki Q2 production up 10 pct to 19,5oz

HARARE, July 20 (The Source) – Platinum production at Unki Mine for the second quarter to June 30 rose 10 percent to 19,500 ounces compared to 17,800 ounces in the same period last year largely on improved efficiencies at the mine.

BNC FY revenue up 7pct to $45mln

HARARE, June 30 (The Source) – Bindura Nickel Corporation (BNC) recorded a 7 percent increase in revenue to $45,1 million in the full year to March from $42,3 million in the prior year, on increased production and sales volumes despite a fall in nickel prices.… Read More

Nkomo takes over the reins at RioZim

HARARE, June 29 (The Source) – Resources group, RioZim Limited has appointed Bhekinkosi Nkomo as its chief executive, replacing Noah Matimba who quit last year. Nkomo has been in acting capacity since last November. Nkomo joined RioZim in August 2012 as group treasurer and rose… Read More

PPC profit plummet 96pct, revenue up

BULAWAYO, June 8 (The Source) – Regional cement producer Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation dropped three percent in the full year to March 31, as cash shortages persist. Prices suffered in US dollar terms, falling 10 percent during the year.… Read More

Lafarge Q1 revenue, volumes fall 15pct

HARARE, June 5 (The Source) –  Lafarge Cement’s revenue for the first quarter to March was 15 percent lower than comparable period last year due to low aggregate demand caused by  excessive rainfall and falling disposable incomes, chief executive Amal Tantawi said  on Monday. She… Read More