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RBZ disburses $120 million for small-scale miners

BY MTHANDAZO NYONI THE Reserve Bank of Zimbabwe (RBZ), through its wholly-owned subsidiary Fidelity Printers and Refiners (FPR), has to date disbursed $120 million out of the $150 million Gold Development Initiative Fund (GDIF) for small-scale miners. Giving his presentation at the small-scale miners conference held in Bulawayo yesterday, FPR …

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Caledonia posts $21,4m profit 2018FY

BY STAFF REPORTER CALEDONIA Mining Corporation registered a 4% increase in after tax profits to US$21,42 million in the full year to December 2018 compared to US$20,61 million in 2017, despite a fall in production. Chief executive officer Steve Curtis said this was mainly due to “an increase in amounts …

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Cyclone Idai: 4 die in Bikita, 220 homeless

FOUR people were killed and 220 others left homeless in Bikita after Cyclone Idai spread to Masvingo province at the weekend, district development co-ordinator Bernard Hadzirambwi told journalists on Tuesday after a meeting with Masvingo Provincial Affairs minister Ezra Chadzamira. Parts of Masvingo province, including Bikita, Zaka, Gutu and Masvingo …

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Guvamombe’s bail conditions relaxed

BY DESMOND CHINGARANDE A HARARE magistrate yesterday relaxed bail conditions for suspended Chief Magistrate Mishrod Guvamombe who is accused of criminal abuse of office. Guvamombe who appeared before magistrate Lucy Mungwari successfully applied to have his bail conditions, which restricted him from travelling more than 50 km out of Harare, …

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Midlands police issue weapons ban

BY STEPHEN CHADENGA POLICE in the Midlands province have banned the carrying of machetes and other dangerous weapons to curb rising murder and robbery cases, the Southern Eye has established. In recent years, the province has recorded an increase in the number of people killed or seriously injured, particularly during …

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