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It’s business as usual with Zimbabwe’s bond note, for now

It’s business as usual with Zimbabwe’s bond note, for now

It has been over two weeks since the Reserve Bank of Zimbabwe (RBZ) released its controversial bond note into the market at a denomination of $2, and the initial protests and public uproar have died down with consumers heading into the festive season. As economist John Robertson, managing director at…

There are barriers, but investing in Zimbabwe could pay off long term

There are barriers, but investing in Zimbabwe could pay off long term

The evidence of Zimbabwe’s ailing economy is everywhere: massive unemployment, numerous companies going to the wall each month, a weak annual economic growth rate, and high day-to-day living costs, writes Bill Corcoran. Since President Robert Mugabe’s Zanu-PF party won the 2013 general election, a relatively stable economy has begun to decline, to…

Mwana Africa’s Chinese non-exec sells shares, as court puts on hold proceedings on his petition

Mwana Africa’s Chinese non-exec sells shares, as court puts on hold proceedings on his petition

Mwana Africa (LON:MWA) has told investors that non-executive director Ning Yat Hoi and China International Mining Group Corporation (CIMGC) have disposed of around half their shareholdings. In a stock market statement Mwana said that Ning and CIMGC had sold 81.4mln and 106.2mln shares respectively at a price of 1.8p per…

Mwana Africa makes progress on cutting costs as gold production increases

Mwana Africa makes progress on cutting costs as gold production increases

Mwana Africa (LON:MWA) made steady progress at its gold, nickel and diamond producing assets in the first quarter of 2015. At the Freda Rebecca gold mine in Zimbabwe, gold production increased quarter-on-quarter by 0.42% to 14,358 ounces, as the recovery rate increased to 83% from 78%. The need to work…

Caledonia Mining continues churning out dividends

Caledonia Mining continues churning out dividends

Caledonia Mining Corporation (LON:CMCL) continues to belie the reputation of AIM-listed mining companies by churning out the dividends. The Canadian company has declared its sixth quarterly dividend, worth 1.5 Canadian cents per share. The ex-dividend date will be April 16, 2015 and for those shareholders who still receive their divis…

Caledonia could triple money from Blanket expansion, external study suggests

Caledonia could triple money from Blanket expansion, external study suggests

Caledonia Mining’s plan to double output at its Blanket mine in Zimbabwe could pay back more than three times its cost, according to a new external study. Consultant Minxcon estimates a net present value for Blanket of US$147mln and an internal rate of return of 267% through the US$70mln expansion…