Zimbabwe News
-
Updated 22 minutes ago
The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd., rejected a proposal for the state to control mineral production and prices, a draft response from the industry organization obtained by Bloomberg News shows.
-
Zimbabwe’s Movement for Democratic Change party will reverse a law forcing foreign and white-owned companies to sell 51 percent of their shares to black Zimbabweans if it wins this year’s election, Prime Minister Morgan Tsvangirai said.
-
Zimbabwe may fall short of its gold production target this year as prices for the precious metal decline and energy shortages strain operations, the Chamber of Mines of Zimbabwe, an industry group, said.
-
PPC Ltd., South Africa’s biggest cement maker, said first-half profit fell 20% as a result of tax charges and costs associated with complying with Zimbabwe’s ownership laws.
-
Zimbabwe is trying to reach an agreement to distribute its stones directly to China, Dubai and Israel without violating rules against the sale of gems from the Marange fields, Chris Mutsvangwa, chairman of the state-owned Mineral Marketing Corporation Ltd., said.
-
Eugene Shepherd admits he’s no beer expert, but he’ll tell you the bottle of Eagle he treats himself to every week is a step up from the murky homebrews that had been his preferred tipple.
-
PPC Ltd., South Africa’s biggest cement maker, said U.S. dollar-based operations outside its home market boosted revenue for the six months through March.
-
PPC Ltd., South Africa’s biggest cement maker, plans a new $200 million plant in Democratic Republic of Congo, a net importer of the material, as the company expands in sub-Saharan Africa.
-
Rand Refinery (Pty) Ltd., the world’s biggest gold processor, said it intends to sell bullion bars in the U.S. market as part of a plan to expand processing metals mined outside South Africa and boost silver operations.
-
Graham Soko, a shopkeeper whose business straddles the railway line south of Lusaka station in Zambia’s capital, says he’s hoping to reap profits from the government’s plans to rejuvenate the dilapidated railway system.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page