Business

Prospect Resources (Prospect) says it has acquired new technological equipment, high pressure grinding rolls (HPGR), which will reduce capital expenditure by US$2,3 million at its flagship Arcadia Lithium Project. [GoogleAd] This comes after the miner completed its plant optimisation, ruling out that HPGR is a viable option for the Arcadia Lithium Project’s processing design. The technology…

VIVO Energy Plc (Vivo) has concluded the takeover of Engen Holdings (Engen) operations in a number of countries including Zimbabwe in a transaction worth $62 million. [GoogleAd] The transaction also involved an issue by Vivo of 63,2 million new shares, resulting in Engen holding a circa 5,0 percent shareholding. Christian Chammas, the Vivo chief executive…

Zimbabwe’s platinum output slipped two percent to 10 000 ounces during the fourth quarter of 2018 due to work in progress material processing in 2017, a new study has revealed. [GoogleAd] According to the World Platinum Investment Council (WPIC) latest report, platinum output from Zimbabwe and Russia is expected to remain stable at 470 000 ounces…

Lancashire Steel, a subsidiary of Ziscosteel, is set to resume operations after a new investor Whinstone Enterprises agreed to inject fresh capital. [GoogleAd] Lancashire Steel, which used to produce wire among other steel products, closed in 2010 as a result of shortage of supply after its mother company Ziscosteel suspended operations. However, there could be light…

Preparations for the 60th edition of the Zimbabwe International Trade Fair (ZITF) are now advanced with over 80 percent of available exhibition space having already been taken up, it has been learnt. [GoogleAd] The annual event — organised by the ZITF company — will take place at the Zimbabwe International Exhibition Centre in Bulawayo from April…

Real estate valuation and advisory firm Integrated Properties says it has extended its product offering into engineering. The move has resulted in Integrated Properties becoming the first company in the country to bridge the gap between design, construction and value. [GoogleAd] Mike Juru, the company’s chief executive, said Integrated Properties is seeking to consolidate its position…

Zimabwean Coalition on Debt and Development (Zimcodd) has implored government to decriminalise artisanal and small-scale mining (ASM) to enable the sector to fully contribute to economic development, poverty alleviation and foreign currency retention. [GoogleAd] In a statement, Zimcodd said government should promulgate an enabling legislative and regulatory framework that decriminalises ASM which should be supported by…

HARARE – The Insurance and Pensions Fund (Ipec) has finally ordered the liquidation of Apex Corporation Pension Fund. The fund is part of Apex Corporation were the former Zimbabwe Stock Exchange (ZSE)-listed company was placed under provisional liquidation due to viability challenges after failing to attract new investment while under judicial management in 2013. [GoogleAd]…