14 C
Harare
Monday, July 6, 2020
Revenue dropped by 3%Profit plunged by 78% Harare - Lusaka Stock Exchange listed electricity generation, transmission, distribution and supply company with operations in both Zambia and Nigeria, Copperbelt Energy Corporation (CEC) posted a negative performance for the year ended 31 December 2019.
Retention threshold now at 70/30 from the previous 55/45Small scale buying agent to be paid in cash at a flat priceFPR and the National Gold Monitoring Teams are enhancing surveillance to ensure legal sale of gold Harare- Fidelity Printers and Refiners (FPR) has...
Revenue for the period under review stood at US$194.6 millionGross profit margin was impacted by the significant increase in the stripping ratioPGM recovery was up by 1.8% Harare - Mining company, Tharisa plc’s revenue in the six months ended 31 March 2020 (HY...
The Company is currently on an export drive to improve export earnings, albeit logistical challengesProduction volumes for Q1 2020 increased by 50% compared to same period in 2019The sales volumes however decreased by 33% for the same period Harare – Hwange Colliery Company...
Output stood at 118 000 ouncesSupply projected to contract by 4% in 2020Global supply down by 6% Zimbabwe registered a steady growth of platinum production in the first quarter of 2020 compared to the same period in the prior year.
Gold production dropped by 41%Production at Cam and Motor plant fell by 62%Diamond production was subdued at 61% Harare - Integrated mining and metallurgical company RioZim posted declined gold and diamond production in the first quarter ended 31 March 2020 owing largely to...
Improved gold prices also spurred profit increaseNet cash flow improvement registeredPower supply issue addressed Harare - Caledonia Mining plc registered growth in gross profit for the quarter ended 31 March 2020 (Q1 2020), spurred by an increase in gold output compared to the...
Gold production up by 19%Blanket Mine resumed full production in early MayCompletion of Central Shaft project stalled by travel restrictions Harare - Gold miner, Caledonia Mining plc managed to attain 93% of its normal target production at its Blanket Mine despite the COVID-19...
Mined and milled tonnage decreased by 10%Development declined by 39%Nickel concentrates increased by 5% Harare - 2019 was a year that resulted in many businesses producing very little output due to weak economic fundamentals that were immersing the country and Bindura Nickel Corporation...
Chartered flights to transport unprocessed metals from African minesFidelity Printers which then sells its gold to South Africa’s Rand RefineryGold is one of Zimbabwe’s largest forex earners South Africa’s Rand Refinery has turned to chartered flights to transport unprocessed metals from African mines...