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More gold resources at Blanket Mine

Business Reporter TORONTO Stock Exchange listed miner, Caledonia Mining Corporation, has upgraded the resource base at its local gold mining unit, Blanket Mine by 13 percent, taking the miner’s total resource endowment to almost 1,8 million ounces. The upgrade will result in longer term life of mine plan at Blanket …

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Debt-distressed Marvo resumes operations

BULAWAYO’S stationery giant, Marvo Stationery Manufacturers (Marvo), has resumed operations on a small scale and is banking on an anticipated $1,5 million investment from a local unnamed investor to scale up production, NewsDay has established. BY MTHANDAZO NYONI Marvo was placed under judicial management in September 2014 due to debt …

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The future is in Africa, China already knows it

During the past decade, China has been investing a lot of money in sub-Saharan Africa: Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion is understandable. But although …

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Potraz donates $65k to albinos, cancer patients

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) last week donated $65 000 in medical support to children living with albinism and those affected by cancer. BY FREEMAN MAKOPA Alfred Marisa In a speech, Potraz acting director general Alfred Marisa (pictured) said his organisation was committed to assisting the …

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Understanding investment risk

Risk is the possibility of financial loss. Below are some of the most common investment risks: Capital risk — the risk of not getting your initial investment money back. Currency risk — the risk associated with currency movements against that which your investment is based on. Inflation risk — the …

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