Zimasco to retrench 1,500

KWEKWE, February 7 (The Source) – Ferrochrome producer Zimbabwe Mining and Smelting Company (Zimasco) says it will retrench half of its 3,000 workforce, citing poor metal prices and the need to contain operational costs. “Zimasco continues to pursue various cost cutting initiatives in all its… Read More

Mimosa seeks closure on indigenization deal

BULAWAYO, February 7 (The Source) – Aquarius Platinum, which jointly owns Mimosa Mines with Impala Platinum, is talking to the new Minister of Indigenization Francis Nhema on its indigenisation deal, amid indications that government wants to radically alter terms. In December 2012, Mimosa concluded a… Read More