News

By Business Reporter ZIMPLATS says it is ahead of target towards the development of Mupani mine, with most of the surface infrastructure having been completed. Under its capital projects, Zimplats announced in 2017 that the platinum giant had approved the development a new mine at a cost of US$264 million. Zimplats Chief Executive Alexander Mhembere […]

 By Business Reporter BIMHA mine has made a comeback after reaching the intended full-load capacity within its first year of operation, after four years of closure due to a geological fault. Massive capital investments in redeveloping and redesigning the collapsed mine were made to the tune of US$101 million. Zimplats Chief Executive Officer Alexander Mhembere […]

By Business Reporter ZIMBABWEAN gold production output has potential to reach 100 tonnes per annum, a move expected to see the yellow metal making a significant contribution to government coffers through exports. An investment of $900 million is required for Zimbabwe to reach the targeted yearly output production of 100 tonnes. According to Persistence Gwanyanya, […]

Business Reporter PLATINUM giant, Zimplats has reported a US$131million contribution to national fiscus in the period ending September 2018. Presenting financial results, Zimplats Chief Finance Officer Stewart Magaso Mangoma said Zimplats’ contribution to government coffers has been on an upward trend since 2016, albeit a sharp decline in contributions in 2015 to US$47million. The upward […]

Gold steadied yesterday as the dollar trod water against a basket of currencies, with investors reticent to bid up the metal in the face of looming US interest rate increases and escalating Sino-US trade tensions. Since its April peak gold has dropped more than 12 percent as a trade war between China and the US […]

  Business Reporter CRYPTO mining still remains a mystery to the bulk of the Zimbabwean populace as evidenced by low uptake of this digital mining resource, with local entrepreneurs taking a long hard look at blockchain technology and its possible applications. Zimbabwe has great potential to become a friendly environment for Cryptocurrency entrepreneurs if people […]