News

BINDURA Nickel Corporation (BNC) says it expects its migration to the Victoria Falls Stock Exchange (VFEX) to begin benefiting the firm in the long term. Under a strategy spelt out by chairperson, Muchadeyi Masunda in December, the firm delisted from the Zimbabwe Stock Exchange (ZSE) to trade its stock on the foreign currency-denominated VFEX, a […]

ZANU PF secretary for finance and former long-serving cabinet minister Patrick Chinamasa says the ruling party will take over operations at the highly contested, gold-rich Redwing Mine in Penhalonga claiming it is being mismanaged. Chinamasa said this while launching Zanu PF’s by-election campaign for Mutasa South constituency on Sunday. He said the mine would be […]

CHINESE company, Freestones Mines yesterday started engagements with Mutare residents, who have been resisting its quarry mining project in the eastern border town. Residents were opposed to the project after it emerged that the Mutare City Council had leased a 6,5 hectare stand situated on Dangamvura Mountain to Freestones Mines. The residents had threatened litigation […]

SOUTH African President Cyril Ramaphosa has been dragged into the on-going fight between government and the Friends of SMM Holdings (Pvt) Ltd (FOSMM) over the hostile takeover of the asbestos mine in 2005. Government placed SMM Holdings under judicial management through the Reconstruction of State-Indebted Insolvent Companies Act in 2005. The Reconstruction of State-Indebted Insolvent […]

BLACKGATE Investment, the firm that is battling to win back gold claims controversially taken over by rivals, G&P Industries and Ran Mines in 2013, has pressed criminal charges against G&P directors, claiming the change was done through forged documents. In papers lodged with the police last week, Blackgate, which says it has lost US$500 million […]