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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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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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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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