Archive | Business

Mines secretary Francis Gudyanga

Zim sells 120 000 carats of diamonds

ZIMBABWE this week tendered 120 000 carats of diamonds from its Marange fields that could fetch between US$6 million and US$8,4 million at current average prices obtaining on the international market […]

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Mining executives say the extractive sector faces an uphill task to raise funding to retool.

Mining sector under-funded

Zimbabwe faces an uphill task raising funding for its extractive industry which requires huge capital expenditure to ramp up production at a time the sector is battling power shortages, antiquated […]

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Murowa: RioZim violated ZSE rules

RioZim Ltd concealed key information that Harpal Randhawa, a majority shareholder in the mining group, was interested in acquiring Murowa Diamonds, the company’s 22% owned diamond asset, in violation of […]

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Agriculture key to Zim economy

We often hear the mantra that Zimbabwe was the “bread basket” of Africa. That is nonsense of course, but it does carry some weight in that there is little doubt […]

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