HARARE, September 29 (The Source) – Turnall Holdings says it is negotiating with banks to conclude a scheme of arrangement which will see the manufacturer of building materials restructure its debt. Acting finance director, Samson Mavende told analysts on Thursday that the scheme of… Read More
HWANGE, September 27 (The Source) – Zambezi Gas has secured a full mining licence for 25 years and plans to increase coal production from the current 60,000 tonnes per month to 150,000 tonnes. The miner, which is based in Hwange ventured into the $12 million… Read More
BULAWAYO, September 26 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new Harare mill.
HARARE, September 25 (The Source) – AIM-listed junior miner Vast Resources on Monday said production at its Pickstone-Peerless Gold mine in Chegutu, Zimbabwe was at 16,000 ounces in the year ended March 30, missing its target of 18,000. “Higher than normal rainfall affected operations at… Read More
HARARE, September 18 (The Source) – Australian-listed junior miner Prospect Resources says it is negotiating with potential investors to raise $55 million to construct a concentrate plant for its Arcadia lithium project in Harare.
HARARE, September 15 (The Source) – South Africa’s Impala Platinum (Implats) says it will consider shutting down its Mimosa mine near Zvishavane if government goes ahead with plans to impose a 15 percent levy on raw platinum exports, which it says will make the mine… Read More
HARARE, September 14 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) on Thursday said it had received an offer from Nigeria’s Dangote Cement to acquire the company’s entire share capital.
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