Caledonia Mining Corporation (LON:CMCL) doubled profits as production from the Blanket mine in Zimbabwe rose by 18% in the three months to March. Output totalled almost 12,800oz, up from 10,800oz, with costs US$30 per oz lower at US$659 and sustaining costs down US$99 at US$857. Steve Curtis, chief executive said: “As the Blanket Mine has demonstrated […]
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…
THE National Railways of Zimbabwe (NRZ) wants government to prescribe that certain bulk commodities be transported by rail, among a raft of measures to revive the ailing parastatal, writes NewsDay The move would come after NRZ has been recapitalised, board chairperson Larry Mavhima told NewsDay. The rail parastatal is seeking…
Agriculture is taking a huge leap in Africa and investors want a piece of the action too. Projections by the UN are citing that FDI in African agri-business is projected to reach $45 billion in 2020 and industry will be worth 1 trillion by 2030. How wealthy are those investing…
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 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…
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.…
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…
