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Gvt to revoke unused mining licenses

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THE Government of Zimbabwe will revoke special mining grants issued in Matabeleland that are not being used. This was stated by Minister of Mines, Obert Mpofu at Makomo Mining Company in the region. “President Robert Mugabe granted about 18 special grants for Matabeleland. Some companies have started to mine and others have not. “We cannot continue [...]

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Relax collateral policies on lending: analysts

Categories: BusinessTags: Great Africa, Rutendo Rutendo, Zimbabwe business sector, Zimbabwe SMEsCALLS have been made by economic and business analysts for the relaxation of collateral policies on lending of money so t...
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Masawara suffers $4.2m loss

Categories: BusinessTags: Joina City, London Stock exchange, Masawara, Masawara Plc, Mauritius Energy Limited, Telerix Communications, Zuva PetroleumLONDON Stock Exchange-listed Masawara plc lost US$4,2 million in the...
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Share values up 10% at ZSE

Categories: BusinessTags: BAT, CBZ, Delta, Econet, Fidelity, Innscor, Ok Zimbabwe, Zimbabwe Stock ExchangeThe value of shares on the Zimbabwe Stock Exchange has increased to $4 billion in the third quarter despite cap...
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Gvt to renegotiate Essar deal

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GOVERNMENT is renegotiating with Essar Africa, the Ziscosteel deal to ensure it retains control of Buchwa Iron Ore Mining Company, renamed NewZim Minerals. Under the new agreement, Government wants the Indian firm to buy the rights to Bimco’s iron ore claims. In an interview on the sidelines of the Zimbabwe Mining Indaba, Mines and Mining [...]

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