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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…

Of the ZSE and poor succession planning in corporates

00Of the ZSE and poor succession planning in corporates HARARE – There is no doubt that the current economic environment is challenging. However what separates good performing firms from those that are sinking is the way management responds to the environment. It therefore shows that the importance of leadership cannot be over emphasized. The management…

Zimplats concludes 10% equity sale under vendor financed loan structure

00Zimplats concludes 10% equity sale under vendor financed loan structure HARARE – Zimplats Holdings says its operating subsidiary, the Zimbabwe Platinum Mines (Private) Limited has concluded the issuance of a 10% equity stake to its Employee Share Ownership Trust. In a statement Chief Executive Officer Alex Mhembere said the Trust acquired the 10% equity stake for…

IMF bullish on global outlook

00IMF bullish on global outlook World output will relatively increase by 3.4 percent this year, compared to last year’slower growth of 3.1 percent, says the IMF World Economic Outlook update report released today. “The baseline forecast for the global economy points to a pickup in growth over the rest of the forecast horizon from its…

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