RECENT updates by listed construction companies point to an unlikely boom in Zimbabwean construction. This time last year, Turnall, a leading manufacturer of building materials and piping, was staring at bankruptcy. The company had posted a loss of $4.1 million...
Russian fertiliser giant Uralchem, which has bid to invest in Zimbabwe’s largest fertiliser maker Chemplex, will not agree to any minority stake in the Zimbabwean firm. Uralchem owner, the billionaire Dmitry Mazepin, said in Moscow on...
Cement producer PPC Africa says it has $60 million stuck in Zimbabwe, but the company has seen “robust growth” in the country's construction market and is forecasting further growth ahead. PPC is the largest cement producer in Zimbabwe, with total capacity...
Canadian mining group the Caledonia Mining Corporation has entered into a memorandum of understanding meant to help it regain control of its Zimbabwe-based subsidiary Blanket Mine. It had to cede shareholder control of the mine in 2012 when it complied...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
THARISA, the UK-listed chrome and platinum group metal (PGM) producer, would consider taking on an equity partner for its Zimbabwe platinum group metal (PGM) project as one of several financing options. “It’s certainly an option,” said Phoevos Pouroulis, CEO of...
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget deficit, domestic debt approaching $10 billion, an unrelenting Treasury Bill...
ZIMPLATS, the country’s largest platinum producer, has reported a 94 percent drop in annual after-tax profit to $2.6 million after taking a $98 million tax hit from a land deal with the Government. In June, Zimplats agreed to release 23...
Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said...
A UK-based mining firm is to buy a controlling stake in Bindura Nickel Corporation (BNC), the country’s largest nickel producer said in a statement on Wednesday. In a cautionary statement on Wednesday, BNC said a deal had been struck by...
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