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Chrome ore spurs minerals sales

BY MTHANDAZO NYONI Statistics from MMCZ show that a number of minerals in the first four months to April registered an increase in terms of volume and value. Chrome ore registered 315% growth from 19 202mt to 79 762mt, while chrome concentrates on the other hand increased by 25% to …

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Singapore’s Wilmar Makes Play for Struggling Cottco

Surface Wilmar, the local unit of Singapore giant Wilmar International says it has submitted a proposal to government to acquire 50 percent of the struggling Cotton Company of Zimbabwe (Cottco). Under the proposal, the firm will takeover management of Cottco and inject $100 million to revive its operations. “This is …

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Forex shortage a blot on OK Zim’s revenue

BY FIDELITY MHLANGA In its results for the year ending March 2018, OK said it had increased its revenues, but foreign currency shortages continued to worry the company. “During the period, the operating environment continued to be characterised by inadequate foreign currency reserves necessary to settle international obligations and shortages …

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$3,5m Plant for Splash Paints

By Gibson Nyikadzino Splash Paints and Plastics has invested in a state of art machinery valued at $3,5 million in line with the country’s economic revival strategy, President Mnangagwa has said. Reading the speech on behalf of the President during the commissioning of new machines at Splash Paints and Plastics …

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Splash Gives Facelift to Community Facilities

By Gibson Nyikadzino The country’s infrastructure and communities should benefit from those in the business sector as an expression of corporate and social responsibility, Splash Paints and Plastic company’s press relations secretary said. At the commissioning of the company’s $3,5 million injection machine by VP General Constantino Chiwenga (Retired) recently, …

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Lack of Exploration Unsettles Govt, Miners

By Golden Sibanda Government has raised concerns over lack of investment into exploration in mining amid palpable fears that without new mineral discoveries, the future of the sector was uncertain and unsustainable. Mines and Mining Development Minister Winston Chitando, said there was a worrying streak of lack of investment into …

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Chiwenga to Launch Livestock Programme

By Patrick Chitumba Vice President Constantino Chiwenga today headlines the launch of the artificial insemination programme under the livestock revitalisation programme in Zvishavane. He will also officiate at the hand over of Mandava stadium. The livestock revitalisation programme launch for Midlands and Masvingo provinces is targeting artificial insemination of 30 …

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Mining, energy sectors top investment commitments

The local mining and energy sectors have emerged as the biggest beneficiaries of the Zimbabwe is open for business mantra, accounting for the bulk of the investment commitments estimated to be around $11 billion during the past few months. The increased appetite in the extractive industry has raised optimism that …

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US$4.2bn platinum deal on schedule

Establishment work on the US$4.2 billion deal with Cyprus-based Karo Resources towards a platinum project in Zimbabwe is on schedule with the ground breaking ceremony for the venture expected end of next month. The deal concluded on the 22nd of March this year, brought hope to the mining sector which …

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