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Metallon production falls, targets 115 000oz in 2017

By Own Correspondent Mazowe New processing plant ZIMBABWE’S largest gold miner, Metallon Corporation on Monday reported an annual production of 94 212 ounces for 2016, two percent lower than the 96 530 oz achieved previously after a poor fourth quarter. The miner missed its revised target of 102 000oz, following …

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Delta and Econet drag Zim stocks lower

By Own Correspondent Foreigners remained net sellers, disposing of shares worth US$1,65 million against purchases of US$586,643. THE Zimbabwe Stock Exchange last week slipped 1,73 percent to 136,97 points on the back of losses recorded by Delta and Econet, while the mining index remained stable at 60,73 points. Heavyweights Delta …

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National Competitiveness Bill faces Parliament rejection

By Own Correspondent Industry Minister Mike Bimha THE National Competitiveness Commission Bill faces Parliament rejection with Members of Parliament saying the country has no resources to support the commission. Industry and Commerce Minister Mike Bimha introduced the Bill for the Second Reading in the National Assembly, but legislators described the …

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How Mine ground fall dims Metallon gold output

Metallon Corporation Limited saw its gold output dropping 2% to 94 212 ounces in 2016 on the back of a fall of the ground at its major mine, How Mine, which impacted on production and power supply interruption at all the mines. BY BUSINESS REPORTER In 2015, output was 96 …

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