12.8 C
Harare
Saturday, April 17, 2021
Delays in payments for gold deliveries strained the Company’s working capitalAgreement reached with RBZ and Fidelity will help revitalize operationsRioZim has an extensive portfolio of resources in gold, base metals, diamonds, coal and chrome HARARE – ZSE listed, gold producer RioZim Limited has...
Average sales volumes decreased by 8%Dunhill gained by 962%Revenue 31% higher than comparable period Harare - Zimbabwe Stock Exchange Listed cigarettes producer, British American Tobacco (BAT) has recorded an 8% decrease in sales volumes for the nine months ended 30 September 2020 mainly...
YoY inflation dropped 101.62 percentage pointsSecond drop in inflation since JulyExchange rate stable at USD1: ZWL 81 Harare – The retail inflation, measured by Consumer Price Index (CPI) fell to 659.40% in the month of September 2020 shedding 101.62 percentage points as compared to...
Gold deliveries between Jan-Sep 2020 down 41% compared to prior yearInefficient pricing models promoting side marketingThe country looks set to achieve less than 27.66 tonnes delivered in 2019Govt is targeting 100 tonnes of gold per year by 2023 Harare – Gold deliveries to...
Exchange rate induced price distortions and unfavourable forex retention policy weigh on productionCumulative January to July volumes at 11.9 tonnes is 22% down on the same period last yearGovernment is targeting 100 tonnes of gold per year by 2023 a figure which is expected to help the...
PGM output was spurred by increased throughput at UnkiDiamond output rose by 17%Mining sector growth projected to slow down to -4.1% Harare- PGMs and diamond output anchored the mining sector’s performance in the first quarter of 2020 (Q1 2020) amid a turbulent local...
Company said it has agreed with ZSE that its shares be temporarily suspended from tradingPPC is 1 of the 3 dual listed counters on the ZSEPPC notes that an investigation into the dealings on the ZSE found the company innocent of any wrongdoing
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...
Government has reviewed mining feesMining fees have been effected through Statutory Instrument 95 of 2020The fares charged in US dollars are in line with the reintroduced multi-currency regime Under economic pressure which saw inflation's gale forces hit 676% in March and an alarming...
Sub Saharan Africa to record the worst recession since 1995Economy to shrink -5.1% in 2020Africa now stands at 11 440 COVID-19 confirmed casesA food crisis is brewing According to the latest semi-annual report issued by the World Bank, growth in Sub-Saharan Africa has...