HARARE, September 14 (The Source) – RioZim Limited after tax profit for the half year ended 30 June 2017 increased to $2,9 million compared to a loss position of $403, 000 in the same period last year largely driven by improved revenues. According to a… Read More
By Kuda Chideme, HARARE, September 13 (The Source) – Zimplats says it has agreed to give up 28,000 hectares of land, more than half of its idle mining claims to government, ending a five-year row but analysts say the latest land grab could spook foreign… Read More
VICTORIA FALLS, September 13 (The Source) – Makomo Resources says production at its Hwange mine has recovered to a static 150,000 tonnes per month from June to August, following a slow start to the year. The coal miner produced an average of 80,000 tonnes in… Read More
HARARE, September 8 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says the partial offer by Fairfax Africa Investments Proprietary Limited to acquire R2 billion of the company’s issued ordinary shares at an offer price of R5.75 per share undervalues the company and… Read More
HARARE, September 6 (The Source) – Zimbabwe’s platinum production during the second quarter of 2017 fell 13 percent to 105,000 ounces year-on-year, but dropped 9 percent compared to the previous quarter.
HARARE, September 6 (The Source) – Zimbabwe’s largest gold producer, Metallon has made its four mines stand alone operations in a restructuring exercise it says will increase efficiencies.
HARARE, September 1 (The Source) – Zimbabwe’s gold production in the first seven months of the year jumped to 12.09 tonnes compared to 11.4 tonnes produced during the same period last year, an official said on Thursday. Fidelity Printers and Refinery general manager Fradreck Kunaka… Read More
HARARE, August 31 (The Source) – Zimplats’ profit in the year ended 30 June 2017 increased to $45,53 million compared to $7,32 million in 2016, boosted largely by a total of $34,8 million realised from export incentives and disposal of treasury bills from the Reserve… Read More
HARARE, August 31 (The Source) – On Monday this week, government announced that Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), the latest attempt to revive the once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 30 (The Source)- Platinum production at Mimosa in the six months to June reached 60 879 ounces compared to 29 491 ounces during the same period in 2016 largely on improved mining efficiencies. In a trading update on Wednesday Mimosa’s parent company Sibanye-Stillwater… Read More
HARARE, August 28 (The Source) – Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), a Minister said on Monday, the latest attempt to revive the moribund steelmaker, once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 21 (The Source) – The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players. “With immediate effect, 80 percent of all foreign exchange receipts from… Read More
HARARE, August 15 (The Source) – Caledonia Mining Corporation has reported an eight percent increase in gold production at its Blanket Mine to 25,315 ounces in the six months to June 30.
HARARE, August 14 (The Source) – Coal miner, Hwange Colliery Company (HCC) on Monday said it would resume underground mining operations during the last quarter of 2017 following delivery of new equipment at the weekend.
MUTARE, August 11 (The Source) – The Zimbabwe Consolidated Diamond Company (ZCDC) says it will resume mining after it was issued an Environmental Impact Assessment certificate by the Environmental Management Agency (EMA) late Friday.