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Zimbabwe mines output threatened by foreign payment delays

Zimbabwe mines output threatened by foreign payment delays

Zimbabwe’s mining output is under threat because banks are delaying processing foreign payments by up to three months due to a shortage of dollars, the southern African country’s mining chamber warned on Monday. Mining generates more than half of Zimbabwe’s foreign exchange and should be given priority by the central…

Acacia Mining and Endeavour merger could be “compelling” – analyst

Acacia Mining and Endeavour merger could be “compelling” – analyst

The proposed combination of Acacia Mining Plc (LON:ACA) and Endeavour Mining Corp (TSE:EDV) is a “compelling opportunity”, according to analysts at Deutsche Bank. Discussions were confirmed on Friday 13 January 2017 afternoon after the market in London had closed. In a brief regulatory statement, Acacia said that it was in…

Condé Nast names Zimbabwe best place to visit in 2017

Condé Nast names Zimbabwe best place to visit in 2017

Condé Nast Traveler has named Zimbabwe its best destination for travellers to Africa in 2017. The American luxury and lifestyle travel magazine has ranked Zimbabwe 13th in the world and highest placed in Africa on its “Best Places to Travel in 2017” ahead of 14th-placed Rwanda, the only other African…

Vast Resources set for increased gold production in Zimbabwe

Vast Resources set for increased gold production in Zimbabwe

Aim-listed mining company Vast Resources has seen gold production at its Pickstone-Peerless mine, in Zimbabwe, increase 75% in the six months ended September 30, to 9 452 oz. CEO Roy Pitchford on Tuesday said that production at the mine consistently surpassed expectations, having reliably exceeded 20 000 t/m of ore.…

Why Zimbabwe should be your next holiday destination

Why Zimbabwe should be your next holiday destination

Last month, after years of discussion and a £120 million loan from China, Zimbabwe’s Victoria Falls International Airport was finally opened by President Robert Mugabe. There are no direct flights from the UK as yet, but with a runway capable of handling the world’s largest planes, plus 28 aircraft docking bays…

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