Finance Minister Mthuli Ncube has announced a $929 billion supplementary budget of which 53% ($492.8 billion) will be gobbled by employment costs.
AUSTRALIA Stock Exchange-listed resources giant Zimplats has spent about US$326 million on various projects in the country, as the miner moves forward with its plans to ramp up production.
According to its quarterly.
Caledonia Mining says it plans to invest US$250 million over three years to develop Bilboes Mine, once it completes the takeover of one of Zimbabwe’s most prized mining assets.
Last week, Caledonia announced.
AUSTRALIA-LISTED mining concern, Prospect Resources says the success associated with the Arcadia transaction had resulted in more opportunities being presented to the company.
In April this year, Prospect completed the sale of its.
Victor Gapare was an executive at Anglo American Corporation Zimbabwe when the company exited Zimbabwe’s gold sector in 2003. Gapare was part of a management buyout that saw took over Bilboes, a.
ZIMBABWE’S mining industry has warned that domestic suppliers risked being shut out of the industry’s value chain after hiking prices by 100%.
The price rage involves deals in United States dollars, mining officials.
MORE than 2 600 workers in the granite sector could be rendered jobless following the government ban on the export of raw granite, it has been established.
There are claims that the government.
AUSTRALIA-headquartered oil and gas outfit, Invictus Energy announced fresh discoveries at its Zimbabwe-based Mukuyu gasfields on Monday, as it laid out plans to blast its first test well from next month.
The fresh.
CHINESE chrome miner Afrochine has underscored that it has no intentions to start operations in Mavuradonha due to what it cited as “toxic media attention” against the entity and perceived anti-investor sentiments.
The.
Government likes to tout mining as the sector that will lift Zimbabwe’s economy from crisis, but miners say its policies are, in fact, hurting them.
Currency regulations, lack of clarity on policy, high.
