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Barclays MD says liquidity challenges not just an export factor

00Barclays MD says liquidity challenges not just an export factor HARARE – Dealing with the current liquidity challenges that have resulted in greenback shortages in Zimbabwe might not entirely be achieved by increasing exports, said Barclays Bank Zimbabwe managing director, George Guvamatanga. Guvamatanga, speaking at an analysts’ briefing to present the bank’s 2016 financial statements,…

Zim moots infrastructure bonds, says Chinamasa

00Zim moots  infrastructure bonds, says Chinamasa HARARE, Finance and Economic Development Minister Patrick Chinamasa say government is in the process of crafting two infrastructure bonds namely the Higher Education Infrastructure Bond and the Road Rehabilitation Bond. This he said was in line with government’s thrust to improve state of infrastructure particularly on universities hostel construction…

Zimplats reports 16% increase in revenue, gets $6.6 mln in export incentive

00Zimplats reports 16% increase in revenue, gets $6.6 mln in export incentive HARARE,  Platinum producer, Zimplats says increase in metal prices and higher sales volumes spurred the company’s 16% increase in revenue to $237.7 mln in the interim period ended 31 December 2016 compared to $204.4 mln same period in 2015. According to the company’s…

RioZim targeting increased gold output after shareholders approved Dalny Mine acquisition

00RioZim targeting increased gold output after shareholders approved Dalny Mine acquisition  HARARE –  Resources group RioZim is now on solid ground for increased gold production following approval given by shareholders to acquire Palatial Gold Investments which owns the Dalny Mine Complex.  The complex comprises of the mine, a gold processing plant, several surrounding gold claims…

Is the Export Council, a 1989 idea, the missing link?

00Is the Export Council, a 1989 idea, the missing link? HARARE – In their policy advice in the 2017 monetary policy, the monetary authorities called for the establishment of the Zimbabwe Export Council (ZIMEC) to coordinate and spearhead Zimbabwe’s national export drive in close liaison with export promotion associations and bodies that include ZimTrade. The…

Bindura Nickel production down 16% in Q3, Smelter Restart at 78%

00Bindura Nickel production down 16% in Q3, Smelter Restart at 78%  HARARE – Bindura Nickel Corporation’s (BNC) nickel-in-concentrate production was16% lower in the third quarter to December at 1 571 tonnes compared to 1 866 tonnes in the previous quarter despite significant increases in both mining and milling output. Parent company ASA Resources in its…

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