Falcon Gold in financial distress as loss widens to $4,8m
PHILLIMON MHLANGA Troubled listed resources firm, Falcon Gold Zimbabwe, is in severe levels of financial distress due to worsening economic conditions in the country...
Zim signs US$500m deal with UAE based coal mining consultancy
TAURAI MANGUDHLA
Mines and Mining Development minister Winston Chitando yesterday inked a historic US$500 million deal with UAE-based boutique consulting firm Victoria Consulting that is expected to...
Padenga proposes move to gold mining as Eureka desperately needs funding
HARARE – Listed crocodile skins exporter announced plans to acquire a 50.1% equity stake in Dallagio, a mining business which has interests in the...
Cartel mops up Zim’s gold
TAURAI MANGUDHLA/LIVINGSTONE MARUFU
Zimbabwe’s new monetary reforms and unfavourable prices being offered by authorities have given life to side marketing in the gold sector following...
Govt moves to plug diamond looting
TINASHE MAKICHI
Government has seconded two security personnel to the Zimbabwe Consolidated Diamond Company (ZCDC) as it moves to halt a spate of thefts at...
Hwange Colliery exploration deal in limbo
PHILLIMON MHLANGA
Hwange Colliery Company Limited (HCCL) administrator Bekithemba Moyo is focusing more on underground mining to turn around the fortunes of the miner throwing into...
Zesa spares chrome smelting companies
TINASHE MAKICHI
Power utility, Zesa Holdings has spared chrome smelting companies from massive load shedding in a move aimed at protecting the industry from total closure.
Zimbabwe has...
Zim economic drivers in distress
LIVINGSTONE MARUFU
Foreign currency inflows have taken a further knock in the six months to June, dimming Zimbabwe’s prospects of recovery after the new policy...
US firm blacklists Marange diamonds
TINASHE MAKICHI
Washington headquartered Blue Nile has blacklisted diamonds from Zimbabwe due to reported human rights abuses in the Marange diamond district in a major...
Power outages threaten RioZim
Taurai Mangudhla
Listed miner RioZim has said acute power outages pose significant risk to its energy intensive operations.
The outages have seen parts of the grid...