Top-tier mining firms recognize this potential and have announced significant investments in the country. Barrick committed nearly$2 billionin October 2023 to boost copper production at its Lumwana mine. A year earlier, First Quantum Minerals unveiled a$1.35 billioninvestment over 20 years in its Ka...
MIMOSA Mining Company general manager Mr Alex Mushonhiwa died on Wednesday after a short illness. He was 55. The company confirmed Mr Mushonhiwa’s death in a statement. “It is with great sadness that we advise of the untimely passing our general manager Mr Alex Dzimbanhete Mushonhiwa ...
The index provides a benchmark for the overall performance of the Zimbabwean stock market and is considered a key indicator of economic growth and stability in the country. The ZSE Top 10 index includes companies from various sectors such as banking, mining, telecommunications, and consumer goods...
The UK-Zimbabwe Business Expo is more than a mere gathering; it is a platform designed to channel these significant financial contributions into sustainable investments. By bridging the gap between local Zimbabwean enterprises and the diaspora—often referred to as the “middle class in orbit”—t...
Zimbabwean President Emmerson Mnangagwa on Monday morning named and shamed companies and individuals caught externalising forex. African Associated Mines, Marange Resources, Canadile Mining and Mbada diamonds top the list. Also, Chinese nationals top the list of individuals. ...
Also, reputable Hichilema is learned and is believed to have graduated from a UK university with an MBA in Finance. 2. Noble Findlay Mr. Noble Findlay maintains his ground as the founding member of one of the largest Zambian automobile companies. In this regard, he serves as the founder ...
In the mining sector, Ncube said, a revolving fund to avail equipment to small-scale gold producers who account for 60% of the national production of the yellow metal will be set up. Distribution of the equipment will be spatial and comes amid a deliberate strategy to create gold centres an...
we were approached by a company named YTE which was contracted by a company named ZGF apparently involving Belarusian and Chinese interests, claiming to have a special grant from the Zimbabwean government to conduct mining of alluvial gold and other minerals,” Alterkamp said in a statement seen...
Copperbelt, which supplies power to mining companies in Africa’s second-biggest copper producer, contributed most to the index’s advance. Local investors piled into the power supplier’s stock after the government of President Hakainde Hichilema, who was elected in August last year, helped...
From 2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies. He is the CEO of Fiore Group of Companies. Birthplace: Greater Sudbury, Canada James Belfer Age: 37 James Belfer is a producer who is known for producing "Desus & ...