All Entries in the "Mining and Manufacturing" Category
New Dawn Production Stable
Production at New Dan Mining has stabnilised and the company now looks at how it would increase capacity.
President and CEO of New Dawn, Ian Saunders said Turk mine would now be the focus.
“Now that we have achieved a steady state production level, our focus will be to utilize the recently increased processing capacity at Turk [...]
Gulliver posts US$500,898 loss
Gulliver Consolidated Limited has made a US$500,898 loss in the year ending September 30 this year and this loss has been attributed to depressed demand.
This loss comes against a background of a very modest turnover of US$2.7 million.
“This lower than budgeted turnover was attributed to depressed demand for the company’s products coupled by the subdued [...]
BNC released an ‘indifferent set of results
There was no exciting news from the results which were released by Bindura Nickel Corporation last week, analysts have said.
BNC released an ‘indifferent set of results’ as, though they recovered from a loss position in the same period last year.
As they were operating under care and maintenance, they managed to cut operating expenses as well [...]
TA Notice of Board and executive Changes
TA Holdings Limited made announcements on changes to the board and executives of the Company and these are: Appointment of Bryan Thorn, a Chartered Accountant, as an executive director in the chairman’ s office.
Jack Murehwa, past president of the Zimbabwe Chamber of Mines as the Chief Executive officer of TA Chemicals P/L Resignation of Don [...]
Tedco Seeks Shareholder Approval for the TN Deal
The TedcoTN Financial Holdings deal appears to be slowly coming to fruition as the former now seeks shareholders’ approval to give them the nod.
A circular has already been sent to shareholders seeking their approval of the deal.
If shareholders approve this deal, TN Financial Holdings owned by Tawanda Nyambirai would assume control of the furniture retail [...]
Aico posts half year US$1.2 Million Loss
Diversified entity, Aico Africa Limited made a US$1.2 Million for the six month period ending September 30.
This is a surprising loss, given that the group’s revenue was US$54.5 million during the period under review.
Aico attributed the loss to the higher than anticipated crop procurement prices, logistics and overhead costs which were ocassioned by real increases [...]
Pat Devenish takes over Happymore Mapara as new Aico Boss
Patrick Devenish is the new Aico chief executive officer, taking over from Happymore Mapara who left the company last month.
Mapara became a victim of the politics within the company and was fired though he was given a golden handshake running into hundreds of thousands of dollars.
Devenish takes over the reins at the beginning of the [...]
Innscor Cuts Crocodile Production
Innscor plans to reduce operational output at its crocodile project in Kariba by 30 percent, the group has said.
This is a result of the maasive reduction in exports as a result of the global economic downturn which characterised the greater part of last year and 2009.
Demand for the exotic skins, has plummeted as traditional consumers [...]
ACR Not Put Off By Weakening Nickel Prices
African Consolidated Resources continues to focus on its two nickel projects in spite of recent nickel price weakness.
There are precious few nickel sulphide prospects of significant scale in the world and the ACR Perseverance trend project appears to be an extremely attractive one.
“We intend completing the long-planned, airborne electro-magnetic survey to finalise our drilling targets. [...]
Dunlop Zimbabwe Celebrates Golden Jubilee
Dunlop Zimbabwe, one of the leading tyre manufacturers in the country is celebrating 50 years of serving the nation.
This is a company which at one times was listed on the Zimbabwe Stock Exchange before being delisted in 2002 after it was acquired by Rubber and Allied.
Currently, Dunlop Zimbabwe is operating as a subsidiary of Apollo [...]
