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
BULAWAYO, September 12 (The Source) – The Grain Millers Association of Zimbabwe (GMAZ), which represents the country’s major milling companies, is struggling to pay off $88 million in outstanding invoices for wheat and maize imports since August last year. In its sector update, the Confederation… 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, 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
HARARE, August 21 (The Source) – The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players. “With immediate effect, 80 percent of all foreign exchange receipts from… Read More
HARARE, August 1 (The Source) – The High Court of Zimbabwe on Tuesday ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to stop diamond mining activities in Chiadzwa with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate.
HARARE, June 21 (The Source) – AIM-listed junior miner, Premier African Minerals says it will produce commercial grade lithium and tantalum at its Zulu mine in south central Zimbabwe after carrying out metallurgical tests. Premier, which also owns 49 percent of RHA Tungsten mine in… Read More
By Gilbert Makore, May 19 (The Source) – News came out on Wednesday that Zimbabwe signed a deal with Australia’s Kelltech Ltd for the construction of a platinum refinery at a cost of $200 million. This comes on the back of efforts to get platinum… Read More
By Kuda Chideme, HARARE, May 17 (The Source) – Zimbabwe plans to construct a 300,000 tonne platinum refining plant in a joint venture with an Australian-based firm Kelltech at an estimated cost of $200 million, Mines Minister Walter Chidhakwa said on Wednesday The southern African… Read More
HARARE, May 15 (The Source) – The number of rejected tobacco bales has risen 42.7 percent to 89,304 bales since the start of the 2017 selling season, compared to 62,568 at the same time last year, official statistics show. Point of sale rejection of tobacco… Read More
HARARE, May 9 (The Source) – Caledonia Mining Corporation has cut its gold production target this year to between 52,000 and 57,000 ounces from 60,000 oz despite improvements in tramming capacity at its Blanket Mine, the company said on Tuesday. Canada-listed Caledonia is one of… Read More
HARARE, May 9 (The Source) – Africa’s economy is this year expected to grow by 2.6 but that will not be enough to keep up with the continent’s growing population, the International Monetary Fund said in a report released Tuesday. The region’s growth slowed sharply… Read More
HARARE, May 9 (The Source) – Zimbabwe’s raw milk production increased by five percent to 5,66 million litres in March, compared to 5,37 million litres achieved in the same period last year, latest figures show. According to figures from the Ministry of Agriculture’s dairy services… Read More
HARARE, May 3 (The Source) – Zimbabwe’s central bank says the country has reduced its foreign payments backlog by more than 50 percent to $185 million, largely due to forex flows from ongoing tobacco sales and improved dollar deposits. Businesses, especially manufacturers and mines, have… Read More