Search results: China

Drought has plunged millions of Zambians and Zimbabweans into darkness as hydro-power dams drain, and their governments’ debt is making matters worse.Rolling electricity blackouts lasting 18 hours a day have choked the two economies.Ballooning debt has...

Consequences of the Mining sector in Zimbabwe both small scale and large are very large especially in old mines, although all the people are on their heads up expecting an economic resuscitation led by the mining...

Gold looks set to end the year with double-digit gains and is likely to maintain its upward trajectory in 2020.At press time, the yellow metal is trading at $1 477 per Oz, representing 15,25percent gains on...

When the European settlers in Zimbabwe dreamt of Eldorado (overflowing gold) in the 1890s, not many were disappointed. Now more than a century after the settlers arrived, the yellow metal remains one of the pillars of...

Oil prices hovered near three-month peaks yesterday, buoyed by falling US crude inventories and thawing trade relations between the United States and China. Brent crude futures were down 7 cents at $66.10 a barrel at 1321...

Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of...

Gold prices were rangebound yesterday, as lack of concrete details about the interim US – China trade deal kept investors from making firm bets, while palladium was just $2 away from surpassing key $2 000 per...

Gold steadied yesterday as the dollar weakened and investors sought more clarity on the “phase one” trade deal between the United States and China.Spot gold was little changed at $1 475,50 per ounce by 0821 GMT...

Zimbabwe’s coal producers are making a push to be partly paid in foreign currency by ZESA after the Reserve Bank of Zimbabwe (RBZ) recently directed the State-owned power utility to bill exporters in hard currency, an...

TWO coal mining companies are set to commence production next year in Hwange, in a development likely to boost guaranteed coal supplies to Hwange thermal power plant.Coal intake at the power station will significantly increase when...

Zimbabwe Stock Exchange listed nickel miner, Bindura Nickel Corporation, has posted a 136 percent increase in profit after tax to US$6,6 million for the half year period to September 30, 2019 from US$2,8 million the same...

The government has opened up the Gwayi Coal-Electricity Integration Project to new investors amid revelations that the Chinese investor, the Yunnan Linkun Investment Group, has failed to move funds from China because of an unpaid Sinosure...