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Coal output plunges 38pc

Zimbabwe coal production plunged by 38,2 percent in the first four months of this year compared to the same period last year, as coal miners grappled with foreign currency shortages, statistics from the Mines and Mining Development ministry show. Between January and April the four coal mining firms managed a …

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Gold prices up

Gold prices edged higher yesterday, hovering below the 15-week high hit in the previous session, supported by trade worries and a possible US rate cut, even as some investors locked in profits in bullion after a recent rally. Spot gold was up 0,3 percent to $1 333,58 per ounce as …

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Understanding crop water requirements vital

At the opening of the water year, raw water users, inclusive of irrigating farmers are required to sign water abstraction agreements which allow them to draw water from the dams. So as we approach the water year, farmers should use the month of March to draw up their water budgets …

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SA rand falls

JOHANNESBURG. — South Africa’s rand fell early yesterday to its lowest this year as a dispute within in the ruling African National Congress over the central bank weakened demand. At 0800 GMT, the rand was 0,15 percent weaker at 14,8850 per dollar compared with an overnight close of 14,8600. It …

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Parastatals urged to improve service delivery

Government expects parastatals to provide top notch service to clients and move away from the culture of banking on their statutory existence, a Cabinet minister said yesterday. Lands, Agriculture and Rural Resettlement Minister Perrance Shiri told the new Zimbabwe National Water Authority (Zinwa) board in an inaugural address that gone …

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Chrome production largely flat

ZIMBABWE’S chrome production remained largely flat in the first four months of this year, with official figures showing that total output registered marginal growth of 0,5 percent. Statistics availed to The Business Weekly by the Ministry of Mines and Mining Development, show that chrome mining houses hauled a combined 532 …

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Gweru moots water bottling company

GWERU City Council says it is planning to establish a water bottling company as part of the local authority’s strategy to diversify its revenue streams, a senior council official has said. BY STEPHEN CHADENGA Acting finance director Owen Masimba said the project will be a joint venture between council and …

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Nerwande appointed Chamber of Mines president

Mimosa head of corporate affairs Elizabeth Nerwande has been appointed president of the Zimbabwe Chamber of Mines, making her the first woman to hold that office in a field dominated by men. By Business Editor She was elected to lead the mining body at the chamber’s annual conference which was …

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Padenga optimistic about 2019 second half

PADENGA Holdings says it is optimistic about the remaining six months of the year and achieving operational and financial targets for the period. BY MISHMA CHAKANYUKA The company, which is engaged in the production and sale of crocodile skins and meat, anticipates to sell out its entire production this year …

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Mphoko pockets US$3 million to exit Choppies

Former Vice-President Phelekezela Mphoko and his son Siqokoqela have sold their shares in Choppies Supermarkets Zimbabwe for US$2,9 million, the company has announced. Zimlive.com In a notice to shareholders, Botswana-headquartered Choppies said before the transaction, it held “93% of the economic interest and 49% of the equity while the Mphokos …

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