Six decades ago, explorers from a British firm, Atomic Energy Authority, dug around these red hills for beryl, a mineral used for alloys to make everything from springs to aircraft and missiles.  It was the atomic age and they were convinced...
When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud. Gushure, 21, holds a pick and a hammer. For the past 18 hours he’s been trying to chip, gouge and pry...
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...
By Mukasiri Sibanda Shortly before the Finance Minister Professor Mthuli Ncube delivered his maiden national budget statement in Parliament, Bulawayo city was showered with rains. The Botswana Pula, a strong and stable currency which literally means rain, immediately came...
A year after their confidence soared after the change of leadership, morale among Zimbabwe's mining executives has waned as they fret over deepening foreign currency shortages and a Government that appears not to have a quick solution to the...
Lithium developer Prospect Resources says results of a definitive feasibility study into its Arcadia Lithium project in Zimbabwe confirms the mine will be profitable, with forecast life of mine revenue of US$2.93 billion and average annual EBITDA of US$106...
The Government has floated a tender for a new investor in Air Zimbabwe, which is $377 million in debt and recently placed under administration.  A notice published on Monday invited potential investors to show their interest by buying registration forms...
Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134 million, according to previous reporte. Zimplats,...
OK Zimbabwe, the country’s largest supermarket group, believes the market turmoil precipitated by recent government policies is temporary. The chain is one of the biggest victims of the upheaval caused by the authorities’ October 1 decision to separate foreign currency...
Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
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