MINING & RETAIL

Mnangagwa minister implicated in Hwange looting

A FORENSIC auditor engaged by Hwange Colliery to investigate financial impropriety has fingered Mines and Mining Development minister Winston Chitando, who he said was likely in cahoots with shady cha...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

Caledonia's production drops

CALEDONIA Mining Corporation's gold production for the nine months to September 30, 2018 fell by 0,4% to 39 558 ounces from 39 710 ounces recorded over the same period last year. The mining company, w...

By Staff reporter | Published: 17 hours ago

INDUSTRIALS & ENERGY

URL soap-making division slips on forex crunch

DIVERSIFED agro-processor United Refineries Limited (URL) last month sent home its entire workforce in the soap department due to shortage of raw materials, an official said yesterday.URL chief execut...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

African govts fight 'conflict diamonds' resolution

AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt.Civi...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

Modi invited to India gold summit

THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

Zimplats spends $72million on Bimha Mine

ZIMBABWE'S largest platinum producer, Zimplats, has spent $72 million of the $101 million that was set aside for the redevelopment of Bimha Mining project, one of the company's mines. In a production ...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

By Staff reporter | Published: 17 hours ago

MINING & RETAIL

Mimosa to up production

ZVISHAVANE-based platinum mine, Mimosa, is set to increase its production to 270 000 tonnes per month from 230 000 tonnes which the company is producing. In an interview during a media tour of the min...

By Staff reporter | Published: 17 hours ago

TELECOMS & TECHNOLOGY

CardEx, Entrust Datacard partner for Zimbabwe market

Electronic card producer CardEx, has partnered a United Arab Emirates-based firm Entrust Datacard with a view to entering the Zimbabwean market. There has been growing demand for electronic cards on t...

By Staff reporter | Published: 18 hours ago

TRANSPORT & TOURISM

Zimbabwe braces for tourist boom

Government is putting in place measures to accommodate the influx of tourists expected after Zimbabwe was named one of the best countries in the world to visit in 2019, a Cabinet minister has said. En...

By Staff reporter | Published: 18 hours ago

Steelmakers in trouble over debt

Steelmakers Zimbabwe (Private) Limited in Redcliff, Kwekwe is being sued over a debt owed to an oxygen cylinder supplier.This comes after the two parties signed a deal in early 2016 which later collap...

By Staff reporter | Published: 30 September 2018

INDUSTRIALS & ENERGY

Simbisa postpones LSE listing

SIMBISA Brands has postponed its planned secondary listing on the London Stock Exchange (LSE)'s Alternative Investment Market (AIM) to a later date.The country's largest fast-food restaurant operator ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Tharisa sets aside $3,2m for Great Dyke exploration

EUROPEAN headquartered integrated resource group, Tharisa says it will spend $3,2 million on the special grant areas along the Great Dyke for the initial exploration programme.The exploration will be ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Mine Entra attracts more exhibitors

THIS year's 23rd edition of the Zimbabwe premier mining, engineering and transport, Mine Entra exhibition has attracted more exhibitors compared to the previous showcase, an indication of renewed conf...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

RioZim H1 gold output rises

Resources group, RioZim Limited's half year gold production rose 20 percent to 1 050 kilograms from 873 kilograms in the same period last year as production at its three mines was ahead of comparable ...

By Staff reporter | Published: 30 September 2018

TRANSPORT & TOURISM

Fastjet set to fly 500,000 passengers

LOW-cost airline Fastjet says it is on course to fly almost 500 000 passengers on its Zimbabwean routes this year.Hein Kaiser, the group's spokesperson, said the regional airline carries around 40 000...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Archer Clothing reports drop in orders

BULAWAYO textile giant, Archer Clothing Manufacturers, says it is struggling to process orders owing to a shortage of foreign currency for importation of inputs, machinery and equipment.The company es...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

30 000 artisanal miners register to regularise operations

ONLY 30 000 of the estimated 1,5 million artisanal and small-scale miners have regularised their operations owing to high levies charged by government, Zimbabwe Miners Federation president Henrietta R...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Simbisa's profits surge 139% in FY2018

SIMBISA Brands Limited (Simbisa), a public-listed company that owns, operates, and franchises quick service restaurants in Africa, has reported a more than double growth in net income in the full-year...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

AfDB begins to secure $4bn for Batoka development

THE African Development Bank (AfDB) has begun implementation of a resource mobilisation plan to secure an estimated $4 billion for the development of the 2 400 megawatts Batoka Gorge Hydro Electricity...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Proplastics basks in good business

PLASTIC pipes and fittings manufacturer, Proplastics Limited, recorded a strong performance in the first six months of 2018 with a 70 percent jump in revenue from $6,3 million to $10,8 million when co...

By Staff reporter | Published: 27 September 2018

TRANSPORT & TOURISM

International airlines raise red flag over funds

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating cancelling their routes after failing to recover a cumulative more than $130 million repatriation funds they are owed by the c...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

RioZim loses court case

Diversified mining group, RioZim Ltd's latest attempt to have the loan it obtained from Trust Bank reduced to $500 000 from $1,8 million suffered another setback after the High Court of Zimbabwe dismi...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Prices zoom out of control

The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey showed that the standard price ...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

Chrome producers engage MMCZ over pricing

SMALL-SCALE chrome miners have engaged the Mineral Marketing Corporation of Zimbabwe (MMCZ) to adopt a market-based pricing system to cut out losses and nurse the sector back to viability.Small-scale ...

By Staff reporter | Published: 21 September 2018
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