TA Holdings records $39 million income

HARARE, September 12 (The Source) – Diversified group TA Holdings has recorded a 12 percent jump in income to $39 million for the half year ended 30 June 2013, driven by positive performance of its subsidiaries. However, the group’s operating profit was down eight percent… Read More

Kaukonde sells off Spar to Innscor

HARARE, Sep 11 (The Source) – Businessman Ray Kaukonde has disposed of his Spar Western region licence and his two flagship stores Brooke and Joina Spar to Innscor, sources familiar with the deal told The Source. Kaukonde in 2011 took over control of the Western… Read More

Call for law to plug diamond leakages

By Chipo Musoko, HARARE, September 11 (The Source) – Stakeholders in the mining industry have urged the government to come up with legislation to plug leakages that are rampant in the diamond sector. Addressing local and regional delegates attending an ‘Alternative Mining Indaba,’ Zimbabwe Environmental Law… Read More

Russian company to prospect for gold in Mazowe

By Chipo Musoko, HARARE, September 6 (The Source) – Monita Minerals, a joint venture  between Russian and local investors will next month begin exploration of alluvial gold in Mazowe once an environmental impact assessment has been completed, a company official said on Friday. The project coordinator,… Read More

Bindura Nickel’s cash flow set to improve

HARARE, September 5 (The Source) – The Zimbabwe Stock Exchange-listed mining concern, Bindura Nickel Corporation’s (BNC) cash flow is set to improve following improved production at its Trojan mine, holding company Mwana Africa said in a statement on Thursday. BNC resumed operations last year after… Read More