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Caledonia gross revenues down 16%

GROSS revenues at the Victoria Falls Stock Exchange-listed Caledonia Mining Corporation fell by 16% to US$29,4 million during the first quarter of this year due to lower production and higher costs at.

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338 views

Bikita Sinomine suspends operations

Chinese-owned lithium producer, Bikita Minerals Sinomine, has temporarily suspended operations over failure to comply with some requirements particularly the regularisation of expatriate staff and skills transfer to locals.

The mine will cease works.

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364 views

RBZ reverses Gold Mafia accounts freeze

THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) yesterday made a summersault by reversing its order for banks to freeze accounts of several government officials and individuals who were implicated.

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427 views

Zim eyes US$3bn PGM exports

ZIMBABWE is targeting to generate US$3 billion from Platinum Group Metals (PGMs) this year, an increase of 36% compared to last year, a government official said.

PGMs are essential and precious metals, which.

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262 views

Zisco deal gets Cabinet nod to sell iron ore

STATE-run resources firm Kuvimba Mining House (KMH) has been given a Cabinet approval to sell Ziscosteel’s vast iron ore reserves worth about US$500 million, officials said this week.

The government holds 65% shareholding.

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