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

Foreign interest driving ZSE

HARARE, October 11 (The Source) – Foreign investor interest is pushing up share prices on the Zimbabwe Stock Exchange, with most attention being targeted at selected blue chip counters, an analyst has said. The stock market has had a roller coaster year, breaching the 200… Read More

CSC sinks in $22 million debt

BULAWAY0, October 9 (The Source) – State-owned meat processor Cold Storage Company (CSC) is saddled with a $22 million debt and owes workers $2,1 million in outstanding salaries, chief executive officer Ngoni Chinogaramombe said on Wednesday. Chinogaramombe told the two deputy ministers of agriculture, Paddy… Read More

Foreign interest spurs ZSE run

HARARE, October 8 (The Source) – The stock market’s bull run continued on Tuesday, even though analysts warned that foreign interest was masking the fact that there was no local money in play. The industrial index picked up 0.40 points to close at 210.23 points… Read More

Sable seeks $12 million capital injection

KWEKWE, October 7 (The Source) – Nitrogenous fertilizer manufacturer Sable Industries is seeking $12 million in new capital to boost its production capacity, the company’s chief executive officer said on Monday. Sable is Zimbabwe’s sole manufacturer of ammonium nitrate (AN) but is currently operating at… Read More