Zimplats Q1 production rises 6%

Itai Ndongwe HARARE – The Australian Stock Exchange-listed platinum group of metals (PGM) producer Zimplats Holding Limited says production increased by 6% for the first quarter ended March 31, 2022, totaling 148 541 ounces, which...

National Foods Q3 Volumes Marginally Up Amid Cost Pressures From Ukraine War

HARARE - Agro-industrial concern, National Foods Holdings Limited volumes for the three months to March, grew marginally at 3% compared to prior year at a time the group anticipates costs to spiral in most...

Invictus receives multiple farm-in offers for Cabora Bassa gas project

Itai Ndongwe HARARE - Invictus Energy (IVZ) has received multiple farm-in offers for its 80 percent-owned Cabora Bassa gas project in Zimbabwe. The company said of the three offers, one was an updated bid from Cluff...

Galileo starts lithium exploration in Zim

Itai Ndongwe Galileo Resources PLC has started exploration work at the Kamativi lithium project and the Bulawayo gold project in Zimbabwe. Galileo Resources made its first foray into Zimbabwe after being awarded an option to purchase a 51...
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Zim finance executive on World Economic Forum top 100 list

Staff Writer African Risk Capacity Limited chief executive officer of  (ARC Ltd) Lesley Ndlovu has been named among the World Economic Forum’s Young Global Leader’s class of 2022. Born in Filabusi, Matabeleland South, Ndlovu is an...

Comesa plans regional Agricultural Commodity Exchange centre

Plans are underway to establish a regional Agricultural Commodity Exchange Centre as part of the implementation of the 2021-2031 strategy for the Alliance for Commodity Trade in East and Southern Africa (ACTESA). The centre shall...
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Lubi Coal production commences at 5 000t/month

Itai Ndongwe The London-listed natural resource development company, Contango Holdings Plc that is developing the Lubu Coking Coal Project in Zimbabwe, has commenced mining production at the Lubu Site, where the firm is aiming an...

Zimplats revenue down 13% to US$585 mln in H1

Staff Writer HARARE – Zimplats reported a 13% decline in revenue at US$585 million from US$674 million attributable to movements in commodity prices arising on pipeline sales following the decrease in average metal prices. In the...
National Foods

Manufacturing sector capacity utilization marginally up as hurdles remain

HARARE –  Local manufacturing sector capacity utilization during fourth quarter (Q4) of 2021 marginally increased by a single percentage point to 66% from 65% prior quarter indicating the continued capital investment by Zimbabwean firms...

Invictus Special Grant increased to 709 300ha, Govt to get 10% equity in...

HARARE - In order to increase the drilling programme success rate, Invictus Energy Limited’s subsidiary, Geo Associates Private Limited and the Sovereign Wealth Fund of Zimbabwe (SWFZ) have executed a Heads of Agreement to increase...