Weak metal prices have dragged Zimbabwe’s biggest platinum producer into a rare loss, reflecting the worsening pressure that miners are under.
The company reported on Tuesday that it increased output by 9% and boosted...
The government is shutting down three thermal power stations, with a combined installed capacity of 240MW, because they have become too old and costly to run.
According to Energy Minister Edgar Moyo: “At an...
Lodges at Victoria Falls are optimistic that 2024 will herald record-breaking tourist numbers on the back of a healthy surge in occupancies during the second half of 2023.
Investment in the destination, through public-...
Gold dealer Scott Sakupwanya says he delivered almost half of the gold sold to the official buyer, Fidelity, in 2023.
Sakupwanya says his company Better Brands delivered 13 tonnes of gold to Fidelity. That...
Anglo American Platinum (Amplats) says its Zimbabwe operation, Unki, will be shielded from the full impact of planned job cuts across the group because it is one of its top performers.
Amplats announced on...
The December quarter was once the busiest period for retailers, but OK Zimbabwe suffered a drop in sales over the period due to the continuing impact of Government’s exchange rate policies.
Sales volumes were...
The good news is that Unki Mine hit a new production record in 2023. The bad news is that the company’s holding company, Anglo American Platinum (Amplats), plans to cut 3,700 jobs across its businesses as low...
A tough quarter for the country's biggest nickel producer paints a stark picture of the pressures that Zimbabwean miners are facing - collapsing metal prices abroad, plus rising costs and low capital at home.
By Godfrey Marawanyika
Zimbabwe’s central bank accumulated 793 kilograms of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal.
The reserves...
The competition regulator has approved the Mutapa sovereign wealth fund’s takeover of businessman Hamish Rudland’s controlling stake in ZimRe, one of the country’s biggest insurance and property investors.
Mutapa bought 33.8% from Day River...
