Published: 23 September 2013

The participation of mining companies on the ZSE is still low accounting for less than 2% of the total market capitalisation 5 years after the country introduced multi-currencies.

Statistics from the ZSE shows that market capitalisation for the 4 mining counters on the local bourse is $66.3 million, with Bindura Nickel Corporation having the largest market capitalisation among mining counters.

BNC has the largest market capitalisation on the bourse, but it's not yet operating at full capacity as some of its mines are still on care and maintenance as the company intensifies plans to look for funding.

In an interview, BNC chairman Kalaa Mpinga said the first reason why companies list on the ZSE is to raise money, but on the Zimbabwean market, liquidity is still a challenge.

A local analyst said there were no de-listings or new listings for mining counters in the five-year period, unlike other sectors of the economy.
- newsday

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