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.
By Simbarashe Zishiri, HARARE, July 12 (The Source) – Bindura Nickel Corporation (BNC) is unlikely to reap the economic benefits of the smelter restart project in the short to medium term due to depressed nickel prices and insufficient concentrate at the Trojan Mine to meet… Read More
BULAWAYO, July 6 (The Source) – General Beltings Limited, Zimbabwe’s sole manufacturer of conveyor belts says capacity utilisation has risen to 40 percent but business remains constrained due to an influx of imports despite a government ban on imports.
HARARE, June 30 (The Source) – Hwange Colliery says it will resume underground mining of high value coking coal in October, and expects to start trading profitably from July. Shareholders in May approved a scheme of arrangement to stagger debt repayments, saving the company from going… Read More
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
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
HARARE, June 29 (The Source) – Struggling miner, Falcon Gold says its net loss for the six months to March has grown $2,42 million, from $351,186 recorded in the comparable period last year after a fall in revenue and higher operating costs. Revenue declined by… Read More
HARARE, June 21 (The Source) – AIM-listed junior miner, Premier African Minerals says it will produce commercial grade lithium and tantalum at its Zulu mine in south central Zimbabwe after carrying out metallurgical tests. Premier, which also owns 49 percent of RHA Tungsten mine in… Read More
GWERU, June 13 (The Source) – Chrome ore prices are projected to remain depressed in the short-term, posing a threat to Zimbabwe’s vibrant small-scale mining industry, an official has said. A glut on the international market has resulted in the price of chrome ore plunging… Read More
KWEKWE, June 13 (The Source) – The newly constructed Livetouch Cement manufacturing plant in Redcliff near Kwekwe has began production, but on a low scale, the chief executive has said. “We have started producing cement but its demand based. We are still testing the market… Read More
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
By Ruth Ngwenya, VICTORIA FALLS, June 8 (The Source) – Coal miner Makomo Resources says production at its Hwange mine is recovering after a slow start to the year, with May output at 140,000 tonnes, from 130,000 tonnes in April. At its peak, Makomo’s monthly… Read More
By Ruth Ngwenya, HWANGE, June 7 (The Source) – Hwange Colliery Company says its production for May rose by over 200 percent to 170,000 tonnes, from 52,000 tonnes in April after shareholders approved a debt repayment scheme which saved the miner from going under. Managing… Read More
BULAWAYO, June 6 (The Source) – The Reserve Bank of Zimbabwe has approved the sale of nearly 50 percent of Vast Resources shares in its Zimbabwe operations to a Mauritian investment company. Vast Resources, which owns 50 percent of the Pickstone and Peerless gold mine… Read More
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