ZIMBABWE’S mining sector is under siege as key minerals — diamonds, chrome and coal—are performing below par despite government’s previous efforts to institute reforms to ramp up production.

Chrome veteran Robert Yildirim bought Bear Metallurgical to expand into new ferro-alloys markets, the Turkish billionaire told Metal Bulletin as he hinted at future acquisitions.

SMELTING operations at Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) West Plant, which is being leased to Portnex International, were shut down on Thursday last week after Zimbabwe Electricity Supply Authority switched off the company for disregardi...

IN the wake of rejection, Portnex went back to the drawing board. What would follow was an excellent stratagem to engineer a take-over. This time, with the help of the legal system, writes Zimbabwe Independent’s business editor Chris Muronzi in this third ins...

ASSORE, a diversified and tightly held mining company, increased its dividend payment after posting record annual performances in a range of minerals it produces.

Diversified mining company Assore has survived the storm of last year’s iron-ore price crash, recording a 16% increase in earnings to R1.49 billion for the year ended June 30 2016. Compared to its 2015 financial results, when the company incurred impairments ...

Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year.

Capacity utilisation of domestic steel industry is expected to pick up by about 5% in the current financial year on the back of protective measures laid down for producers to shield them from cheap imports and also because of a likely rise in demand for the co...