By Kuda Chideme, HARARE, January 17 (The Source) – Government will assume Ziscosteel’s estimated $450 million debt in order to make the steel giant attractive to the Chinese firm R&F which has agreed to invest in the company, finance minister Patrick Chinamasa has said.
HARARE, January 16 (The Source) – Moribund steelmaker, Ziscosteel on Tuesday announced that it will be seeking approval from its minority shareholders to allow Government to assume its debt estimated at $450 million, and its takeover by Hong Kong firm, Tian Li.
HARARE, January 16 (The Source) – Beverage maker Delta Corporation reported a 24 percent increase in revenue for the third quarter to December 31 driven by a sharp rise in demand over the festive period.
HARARE, January 15 (The Source) – Zimbabwe’s state diamond company is this year expected to produce 3 million carats up from 1,8 million carats last year, Mines minister Winston Chitando told Parliament on Monday.
HARARE, January 15 (The Source) – Time Bank says it will reopen its doors to the public, 14 years after it was shut down and years of running battles to restore its banking licence.
HARARE, January 15 (The Source) – The Caledonia Mining Corporation owned Blanket Mine achieved a record production of 56,135 ounces in 2017, 11,4 percent higher than the prior year and marginally higher than targetted.
HARARE, January 12 (The Source) – Zimbabwe foreign exchange receipts increased by 3,77 percent to $5,5 billion in 2017 from $5,3 billion in the previous year on increased exports, and diaspora remittances, central bank governor said on Friday.
By Gilbert Makore, HARARE, January 12 (The Source) – Winston Chitando has made the great leap, from running Mimosa Platinum Mine to superintending over the Zimbabwe government’s ministry of mines.
HARARE, January 11 (The Source) – Zimbabwe will hold its first diamond sale of the year in February after failing to hold any in the whole of 2017, Mines Minister Winston Chitando told Parliament.
HARARE, January 10 (The Source) – Work on the expansion of Hwange Power Station is set to commence this quarter after the Zimbabwe Power Company (ZPC) secured $400 million to start the program, an official said.
HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, January 9 (The Source) – Government has secured a $150 million facility to revive three gold mines run by its Zimbabwe Mining Development Corporation (ZMDC), an official said on Tuesday.
HARARE, January 8 (The Source) – AIM-listed Premier African Resources says it will stop operations at its RHA Tungsten mine in Kamativi, until it agrees on a viable financing agreement with its partner, Zimbabwe’s National Indigenisation and Empowerment Board (NIEEB).
HARARE, January 4 (The Source) – State-owned fixed line operator, TelOne, says it sees its revenue growing by at least nine percent this year driven by an anticipated surge in broadband revenue.
HARARE, December 24 (The Source) – The Zimbabwe Stock Exchange’s main industrials index eased 3,26 percent in the week to settle at 317,73 points on renewed confidence in the country’s economic direction ahead of the festive holidays. The mining index however gained 0,54 percent to… Read More