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

Zimbabwe could seize idle mining claims

HARARE, May 20 (The Source) –  Zimbabwe says it could repossess unused mining claims from large companies and redistribute them to small-scale miners in a bid to increase mineral output.   Mining plays a critical role in the southern African nation, accounting for 60 percent of… Read More