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Thursday, 07 March 2013 09:52
HARARE - It never rains but pours for Brainworks Capital Management Company (Brainworks) after Unki Mines Pvt Ltd (Unki) rejected dubious instructions from the National Indigenisation and Economic Empowerment Board (Nieeb) to pay $3,3 million for untendered advisory services. The Nieebgate...Read More
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Business »
Thursday, 24 January 2013 12:17
HARARE - Zimbabwe-focused New Dawn Mining Corporation (New Dawn)’s gold sales stood at $16,6 million in the quarter ended December 2012, up 7,6 percent from $15,4 million in the comparable period. The miner said the average sales price per ounce of...Read More
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Business »
Wednesday, 23 January 2013 11:50
HARARE - Several Zimbabwean mining operations could be disrupted and lose millions due to incessant rains. With the country’s meteorological services predicting that heavy rains would continue countrywide, gem miner Marange Resources (Marange) has said it lost nearly $5 million worth...Read More
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Business »
Sunday, 20 January 2013 09:29
HARARE - Tax collector Zimbabwe Revenue Authority (Zimra) said sterner measures in monitoring mines’ activities have improved revenue collections from the mining sector. Sternford Moyo, Zimra chairperson, said mining royalties collections were five percent higher than target in 2012 at $136,...Read More
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Wednesday, 09 January 2013 09:50
HARARE - Mines and Mining Development minister Obert Mpofu’s appointment of handpicked Zanu PF officials as board members for sanctions-busting mineral agencies has been denounced as blatant crony capitalism. The State-run Minerals Marketing Corporation of Zimbabwe (MMCZ) is the sole marketing...Read More
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Tuesday, 18 December 2012 10:58
HARARE - Three Gwanda residents are in custody in a case of suspected ethnic violence involving gold mines in Matabeleland South Province. Police say the three suspects are now in custody after they allegedly unleashed violence claiming politics of exclusion in...Read More
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Business »
Tuesday, 30 October 2012 16:00
HARARE - The Zimbabwe Australia Business Council (ZABC) says Zimbabwe needs to aggressively market itself to the international community to attract meaningful investment while creating a market for its products. “Zimbabwe has an opportunity to set up local manufacturing industries on...Read More
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Saturday, 13 October 2012 10:14
HWANGE - Mines minister, Obert Mpofu, yesterday read the riot act to mining companies here and ordered them to develop a decrepit local school. Speaking during a prize- giving day at Chilusa Secondary School in Hwange, Mpofu ordered all mining companies...Read More
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Business »
Tuesday, 25 September 2012 12:56
HARARE - Zimbabwe's platinum mines were an example of well-run and socially aware operations where their black management operated by the book “because they are afraid of the president”, the Bench Marks Foundation’s senior researcher, David van Wyk, says. Answering questions...Read More
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