ONTARIO – Caledonia Mining has reworked the preliminary economic assessment for the expansion of operations at its Blanket mine in Matabeleland South, after the Ontario Securities Commission asked it to consider expansion below the 750 metre level as a standalone project.
State-owned National Railways of Zimbabwe (NRZ) says it narrowed its losses in the full-year to December 2013 by 7% to $49 million but poor business and failure to recapitalise have left the parastatal facing a bleak future.
Civil society organisations in Zimbabwe are holding a two-day conference in Bulawayo aimed at assessing the progress of millennium development goals as well as discussing Zimbabwe’s economic blueprint, ZimAsset.
BULAWAYO — Zimbabwe’s exports of fresh leguminous vegetables (peas and beans) to the European Union (EU) increased by 269% over the past five years, an indication that the bloc is one of the country’s major export destinations, latest data has shown.
Zimbabwe’s central bank says the financial services sector is now safe and sound after hitherto weaker Metbank boosted its capital position to $31 million from $24,6 as at December, surpassing minimum capital requirements.
The market capitalisation for Zimbabwe’s Stock Exchange (ZSE) fell 11% to $4 billion in the first half of this year as foreign investors sold shares and the economy stagnated, data from the bourse showed on Thursday.
HWANGE – Zimbabwe’s oldest coal miner Hwange Colliery Company, which has slipped into second place in terms of production, says it will embark on an aggressive drive to grow its market in the region and expects to return to profitability in the third quarter.
The Confederation of Zimbabwe Industries (CZI) Matabeleland Chamber has elected Walter Chigwada of Zimplow as new president following the elevation of Busisa Moyo to the national president post recently.
Cement maker Lafarge says a capital injection of $7 million in quarry rehabilitation and maintenance last year is starting to bear fruit, reducing production costs by $7 per tonne and offsetting the failure of the company’s export endeavours.
GLOBAL Shapers Community Bulawayo Hub (GSC Byo), an initiative of the World Economic Forum, has started recruiting shapers for 2015 in Bulawayo as the forum moves to launch a hub in every major city in the world.