Search results for 'Mining Sector'
Zimbabwe
Zimbabwe's 7-month Gold Output: FY Target Face Reality Check

Zimbabwe's government continues to set ambitious gold production targets, but the reality on the ground often falls short. While the country achieved its highest gold output of 35 tonnes in 2022, the

Aug 20, 2024
Companies
Padenga Records Highest Half-Year Gold Output

Padenga Holdings Limited, Zimbabwe's third-largest gold producer, has recorded a 25% increase in gold output for the half-year period to June 30, 2024, to 1,351 kilograms, the highest in half-year per

Oct 02, 2024
Zimbabwe
Gold Deliveries Hit 24 Tonnes: Still Shy of Revised Tonnage Target

Gold deliveries from January to September 2024 have increased to 24,089 kilograms, surpassing the 22,760 kilograms delivered during the same period in 2023. For the third quarter of 2024, gold delive

Oct 10, 2024
Companies
Masimba Reports 10% Revenue Growth Despite Liquidity Constraints

This was achieved despite liquidity challenges during the quarter as the government tightened spending in local currency through elevated interest rates which curtailed borrowing. The company was awa

Nov 19, 2024
Zimbabwe
Can Zim's Gold Output Hit 35 Tonnes, Earnings Cross $2 Billion for the First Time?

he gold sector has achieved remarkable advancements in gold sales, having already surpassed last year's figures. November’s gold deliveries experienced a significant uptick, reaching 3,766 kg more tha

Dec 10, 2024
Zimbabwe
Government Seeks Bigger Slice of Mining Pie: Is the 26% Proposed Stake Feasible?

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Dec 16, 2024
Zimbabwe
Zim Trade Deficit Contracts The Lowest in 3 Years

Zimbabwe's trade deficit narrowed by 66% to US$46.9 million in November 2024 from m US$698.1 million in October , attributed  to better exports of gold and tobacco according to the latest Zimstat data

Jan 02, 2025
Companies
Caledonia’s FY2024 Gold Production Meets Analyst Expectations, Cut FY2025 Guidance Despite Circa US$50 Million Capex fro 2025

Caledonia Mining Corporation's FY2024 output of 76,656 ounces has fallen within analyst expectations, amidst a significant capital expenditure program of approximately $41.8 million earmarked for 2025

Jan 14, 2025

Top Stories

Formalizing the Fringes: Can National Venture Capital Company of Zimbabwe Unlock Informal Sector Growth?

The Ministry of Finance in Zimbabwe has unveiled the National Venture Capital Company of Zimbabwe (NVCCZ), an ambitious initiative aimed at catalysing economic expansion through the provision of equit

15 hours ago

‘Gold-Backed’ ZiG Falters: Accumulates 48% Loss Since Launch

The Zimbabwe Gold (ZiG) currency has exhibited a contrarian performance, depreciating to 26.2614 against the US dollar on January 17, 2024, thereby reversing the gains accrued in the preceding week.

17 hours ago

Old Mutual’s Top 10 ETFs Delist from ZSE

Old Mutual’s Top Ten Exchange Traded Funds (OM TT ETF) will be delisted from the Zimbabwe Stock Exchange (ZSE) effective 17 January 2025 after unit holders applied for a voluntary termination due to t

1 day ago

Mining in Age of IT: Africa’s Wake-Up Call

The mining sector has become a cornerstone of numerous African economies, particularly as the continent, despite being the poorest globally, possesses vast untapped resources. Africa contributes less

1 day ago

Econet’s Voice, Data Usage up in Q3 as Network Upgrades Pay Off

Econet Wireless Zimbabwe, the largest telecommunications company with a regional footprint, has reported a significant surge in voice and data usage during the third quarter ended 30 November 2024. T

Jan 15, 2025

Triangle Limited Embarks on Mass Retrenchment as Government Policies Suffocate Formal Sector

Triangle Limited, a leading sugar manufacturer in Zimbabwe, has embarked on a strategic phased retrenchment initiative aimed at alleviating rising operational expenditures and reinstating profitabilit

Jan 15, 2025

Omni-Channel Platform Fuels 80% Revenue Growth for EcoCash Holdings

EcoCash Holdings has reported an 80% increase in revenue for the quarter ended 30 November 2024 from a decline of ZWG 5 billion in the six months ended 31 August 2024 due to improved operational effic

Jan 14, 2025

Caledonia’s FY2024 Gold Production Meets Analyst Expectations, Cut FY2025 Guidance Despite Circa US$50 Million Capex fro 2025

Caledonia Mining Corporation's FY2024 output of 76,656 ounces has fallen within analyst expectations, amidst a significant capital expenditure program of approximately $41.8 million earmarked for 2025

Jan 14, 2025