Bulawayo24 NEWS

ZSE: Industrials manages modest gains as miners falter in thin trades

2013 May 20 | 1216 Views

ZSE's Industrials managed modest gains on Monday in hushed trades where only 4.6 million shares worth $594 559 traded while losses in Falgold and Hwange saw the resources index ending 1.52% in the red.The Industrials Index continued the rally at the beginning of the week gaining a marginal 0.11 or 0...

by Business reporter

'Zimbabwe mining rights belongs to Mugabe,' says Mutambara

2013 May 20 | 3879 Views

MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said.Prof Mutambara was speaking in Nyanga last week during the 74th Annual General Meeting of the Chambe...

by Staff reporter

ZCTU Secretary General launches an astonishing attack on MDC-T ministers

2013 May 18 | 2054 Views

ZIMBABWE Congress of Trade Unions (ZCTU) secretary general Japhet Moyo on Thursday launched an astonishing attack on MDC-T ministers for alleged arrogance and abandoning workers' aspirations.After beginning his address with a strong affirmation that the workers were still behind the party, Moyo emb...

by Staff reporter

Chamber of Mines seeks clarity on mining ground takeovers

2013 May 09 | 1501 Views

The Chamber of Mines of Zimbabwe may soon engage government over compulsory acquisition of excess mining ground by the State amid concerns that the new "use it or lose policy" may affect mineral output. CMZ president Winston Chitando told journalists on Tuesday that the chamber is currently preparin...

by Staff reporter

ZSE shares advance but trading volumes remain weak

2013 May 07 | 1686 Views

ZSE shares advanced on Tuesday with the Industrials drifting towards the 200.00 mark for the first time since dollarisation albeit in thin volumes as most investors stayed on the sidelines despite a rally in selected counters.The Industrials Index advanced 2.61 points or 1.35% gain at 195.29, a new ...

by Business reporter

ZSE shares rise as govt denies amending the Indigenisation Act

2013 April 25 | 1924 Views

ZSE shares stayed in the positive territory on Thursday after Indigenisation minister Saviour Kasukuwere dismissed reports that the Indigenisation Act was being amended to provide for payment of shares using mineral deposits; saying government will engage mining firms that submitted compliance plans...

by Business reporter

'Zimbabwe could tax mining companies to fund elections,' says Biti

2013 April 25 | 2050 Views

Zimbabwe could introduce new taxes on its mining sector to help fund July elections instead of borrowing on the debt markets, Finance Minister Tendai Biti said on Wednesday.Zimbabwe, which is on the verge of bankruptcy, withdrew a request for U.N. election funding last week, saying the United Nation...

by Staff reporter

ZSE: Minings wades back into negative territory

2013 April 23 | 1524 Views

ZSEs mainstream Industrials stayed in the red on Tuesday as Econet share price continued to sink while Minings waded back into negative territory after posting significant gains yesterday.The Industrials Index dropped 0.15 points or 0.08% to 188.37 as telecoms giant Econet traded in the red, losing...

by Business reporter

ZSE shares rebound as heavyweights trade mixed at week's end

2013 April 12 | 2007 Views

ZSE's heavily capitalised counters traded mixed on Friday with gains in Delta, Natfoods and OK Zimbabwe prevailing over losses in Econet and Innscor helping the indices to close in the positive territory.The Industrials Index recovered 0.29 points or 0.15% to 188.32 while the Minings Index was 0.36 ...

by Business reporter

ZSE;- Industrials stays firmer as Minings stutters amid improving activity

2013 April 09 | 1401 Views

ZSE's Industrials looked firmer on Tuesday after 13 counters managed gains against 3 that traded lower as buyers trooped back to the market while overall activity improved with shares worth $3,456 million transacting.The Industrials Index gained 2.84 points or 1.53% to 189.02 as heavyweight Delta re...

by Business reporter

ZSE:- Industrials extends gains as Minings recover

2013 April 08 | 1568 Views

Industrials extended gains on Monday after gains in heavyweight counters Delta, BAT and Hippo while Minings recovered last Friday's losses on gains in RioZim.The Industrials Index gained 0.99 or 0.53% to 186.18 points with blue chip Delta adding 1.20c or 1.04% to 116.7c. Innscor traded unchanged at ...

by Business reporter

Essar to get mining rights in Zimbabwe

2013 April 02 | 1510 Views

Industry and Commerce Minister Welshman Ncube says there are no sticking issues to the transfer of mining rights to Essar Global, which acquired a 60% stake in Ziscosteel from government. The $750 million deal appeared to be on the rocks following reservations from the Ministry of Mines and Mining ...

by Staff reporter

ZMDC in talks with foreign investors

2013 March 26 | 2009 Views

The Zimbabwe Mining Development Corporation (ZMDC) says it is in talks with several foreign investors to partner the newly set up Mining Promotions Corporation (MPC) in the exploration of the country's mineral wealth.According to MPC parent company, ZMDC, there is growing interest by international i...

by Staff Reporter

Unity government splashes out on ministers

2013 March 22 | 2809 Views

Principals of the government of national unity and Cabinet ministers will get a windfall in the form of cash, houses, residential stands, and luxury cars, as they have now finalised plans for golden handshake in the form of plump exit packages when the tenure of the current coalition arrangement end...

by Staff reporter

Biti 'glory politics' irkes Zimbabwe's Tourism minister

2013 March 20 | 3270 Views

Tourism and Hospitality Industry minister Walter Mzembi has alleged that Finance minister Tendai Biti is refusing to fund the United Nations World Tourism Organisation (UNWTO) general assembly because of "glory politics".Zimbabwe and its neighbouring southern African country Zambia will co-host the...

by Staff reporter

Miners urge govt to review mining political administrative boundaries

2013 March 19 | 1734 Views

THE Zimbabwe Miners' Federation has urged Government to review the existing mining political administrative boundaries to ensure that districts where mining activities are taking place benefit directly from the exploitation of resources in their areas.In an interview yesterday, ZMF president Mr Tryn...

by Staff Reporter

Govt working on new mining laws

2013 March 06 | 2168 Views

GOVERNMENT is working on new regulations that will force mining companies to add value to their minerals before export. Failure to heed the new orders will attract high royalty fees. Mines and MiningDevelopment Minister Dr Obert Mpofu said this when he met the new board of the Minerals Marketing Cor...

by Staff Reporter

Zimbabwe to announce reduced mining fees

2013 March 03 | 2329 Views

Government is expected to announce reduced mining fees and levies this month, The Sunday Mail Business has established. Negotiations between Government, the Zimbabwe Chamber of Mines and the Zimbabwe Miners Federation (ZMF) began last year after the authorities raised the pre-exploration fees for mo...

by Staff reporter

ZSE:- Industrials rises for 3rd straight session as Minings remain strained

2013 February 21 | 2210 Views

ZSE's Industrials rose for the third consecutive day on Thursday helped by strong performance in Econet and BAT while the resources sector remained strained.The Industrials Index added 0.34 points or 0.18% to 187.01, another fresh high, while the Minings Index eased 0.82 points or 1.01% to 80.46 as ...

by Business reporter

War veterans want mining licence

2013 February 19 | 1825 Views

War veterans want to be given a diamond mining licence as part of an income generating project aimed at ensuring that members are weaned from the fiscus, an official has said. Directorresponsible for war veterans in the Ministry of Defence, Retired Major General Richard Ruwodo said they had gone to ...

by Staff reporter

Zimbabwe geared for fresh phase of Australian investment

2013 February 07 | 3091 Views

One of Africa's most promising mineral states, Zimbabwe, has urged Australian mining companies to lift their exposure to the southern African province where only 40 of its known 60 mineral commodities have been commercially exploited.The opportunity for Australia also rests with the potential to ad...

by Yolanda Torrisi - Chairperson of The African Mining Network

Prime Minister's post to be abolished

2013 January 29 | 4006 Views

THE Prime Minister's Office will be abolished in the new Constitution if the draft that was recently adopted by Principals in the inclusive Government is approved by the electorate. Chapter 5 (Section 88 (1) and (2)) of the draft, which deals with Executive Authority, states that it rests in the O...

by Staff reporter

ZSE Market Report:- Blue chips bolster Industrials' 9th consecutive day uptrend

2013 January 15 | 1992 Views

ZSE's heavily capitalised counters continued to attract investors on Tuesday bolstering Industrials' upward trend for the past 9 days while Mining remained flat.The Industrials Index extended gains adding 0.66c points or 0.41% to 160.65 while the Minings Index remained stable at 72.25.Volumes were l...

by Business reporter

Zuma speaks on Zimbabwe's indigenisation

2013 January 15 | 4277 Views

Johannesburg – South African President Jacob Zuma says investors are going to Zimbabwe despite initial nervousness about indigenisation."People will always have some nervousness when we say things... When Zimbabwe said indigenisation people jumped all over. Today people go to Zimbabwe to be part o...

by Sapa

MDC-T divided over late Minister Moyo's replacement

2013 January 10 | 2709 Views

JOSTLING for the right to replace the late Deputy Minister of Agriculture, Mechanisation and Irrigation Development Mr Seiso Moyo has started with MDC-T spokesperson Mr Douglas Mwonzora likely to battle it out with Senator Sibusisiwe Masara.Party insiders said Mr Mwonzora was likely to take over the...

by Staff reporter

Zimbabwe's Top 20 Popular Ministers!

2013 January 06 | 4076 Views

These are the most talked about Ministers,be it in rural areas or urban areas.They are popular with the elderly and the youth,be the positive way or negative stories!Zanu PF Ministers are dominating because they were part of previous governments and they oftenly appear on state owned papers and get ...

by Conilous Toga