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.
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,September 29 (The Source) – Hwange Colliery Company reported a 23 percent decline in revenue to $18,8 million in the six months to June from $24,5 million last year weighed down by weak sales as a result of low production volumes. Between January and… Read More
HARARE, June 30 (The Source) – Hwange Colliery says it will resume underground mining of high value coking coal in October, and expects to start trading profitably from July. Shareholders in May approved a scheme of arrangement to stagger debt repayments, saving the company from going… Read More
HARARE, April 11 (The Source) – Hwange Colliery Company’s latest set of financial results raise questions about its going concern status and the ability of its major shareholder, the government, to engineer a turnaround of the coal miner. Given its financial history in the past… Read More
HWANGE, October 3 (The Source) – Hwange Colliery Company has narrowed its loss by 36 percent to $28 million in the six months to June, from $44 million in the comparable period last year, the company said on Monday. Revenue fell 30 percent to $24,5… Read More
By Kuda Chideme, HARARE, July 30 (The Source) – Zimbabwe’s transport minister Obert Mpofu has distanced himself from indigenisation deals involving private equity and advisory firm Brainworks and said he was also not involved in soliciting pledges towards the $50 million Zimuto/Marange community ownership trust… Read More
HARARE, November 10 (The Source) – Aquarius Platinum Limited (APL) chairman Nicholas Sibley has heaped praise the management of its 50 percent owned subsidiary, Mimosa Mine for guiding the mine to solid performances in 2014 and maintaining high safety standards. Mimosa mine is a joint… Read More
HARARE, February 14, (The Source) – Zimbabwe’s second largest platinum miner, Mimosa Mining Company says it has targetted to increase its throughput by five percent this year as local platinum firms warm up to plans to set up a new refinery by 2016. “At the… Read More