Govt to review Zimplats indigenisation deal

HARARE, October 31 (The Source) The Zimbabwe government is reviewing previous empowerment deals with foreign owned companies, including the $971 million agreement with the local unit of South Africa’s Impala Platinum. Implats which owns 87 percent of Zimplats, in January this year signed a deal… Read More

Mimosa to set up smelting plant

GWERU, October 31 (The Source) – Mimosa Platinum plans to set up a smelting plant at its Zvishavane mine, an official  said without disclosing financial details of the plan. “Plans are already at an advanced stage to establish a smelting plant and I am pretty… Read More

Hwange seeks contract mining services

BULAWAYO, October 16 (The Source) – Coal miner, Hwange Colliery Company Limited (HCCL) is seeking the services of contractors to provide mining services at one of its open cast mines as its equipment has become obsolete and too expensive to maintain, the spokesman said on… Read More

BNC’s Trojan mine nears reopening

HARARE, October 7 (The Source) – The reopening of Bindura Nickel Corporation’s Trojan Mine moved a step closer after an independent consultant review of its business plan showed a 28 percent increase in proven reserves at the mine. The Mwana Africa owned company raised $6… Read More

Hwange gets $12 mln machinery from China

VICTORIA FALLS, October 2 (The Source) – Coal miner Hwange Colliery Company has received $12 million worth of new machinery from China as the company starts recapitalization initiatives, an official said on Wednesday. Hwange’s Burzil Dube said the mine has been weighed down by obsolete… Read More