Search results: zesa

POWER shedding that has been experienced in most parts of the country in the past few days is a result of depressed power supply due to a technical fault at Hwange Power Station.While the country suspended...

Zimbabwean exporters will be rewarded for exporting more, under a raft of new incentives announced by Finance Minister Mthuli Ncube on Monday.Exporters, including miners, currently keep 60% of their foreign earnings in hard currency, while 40%...

Officials from the Rwanda Energy Group (REG) will today tour Zimbabwe’s largest coal-fired plant, Hwange Power Station, multiple sources have said.As was first reported by Business Times last week, the REG officials arrived in Harare on Sunday.Well-placed government...

The Zimbabwe government in 2015 rejected the winner of a tender to install a 200MW diesel power plant because the company is part-owned by Madeline Albright, the former US Secretary of State, and authorities saw this...

Caledonia Mining says it has raised US$13 million from a share sale on the New York Stock Exchange to fund a 20MW solar plant at its Blanket Mine.The company agreed with Cantor Fitzgerald & Co for...

POWER utility, Zesa Holdings, missed its electricity supply target by 20 percent to 1 384,46 Gigawatt hours in the second quarter ended 30 June 2020 against a target of 1 732,56 GWh due to continued technical...

Fidelity Printers and Refiners (FPR) predicts that in the post-COVID-19 period the mining industry will have a strong appetite for short to long-term financing to capacitate operations.Benard RinomhotaBefore the outbreak of the Covid-19 pandemic which was...

Prospects of Zimbabwe’s economic recovery in the short to medium appears gloom after local mining firms continued battling rising costs, narrowing margins, and subdued commodity prices on the international market, analysts and experts have said.Mining is...

AN umalayitsha allegedly ganged up with two accomplices and pulled down 640kgs of overhead copper conductors worth more than $200 000 from a Zesa line in Binga resulting in a power blackout in some parts of...

Zimbabwe’s miners want to be allowed to use their gold output as security for foreign credit, saying increased country risk and central bank’s foreign currency regime has stalled expansion projects.The government has targeted mining as its...

MATABELELAND North is poised for major economic transformation with President Mnangagwa expected to visit Hwange where he will officially open South Mining New Coking Project and tour other coal mining companies on Thursday and Friday.The President...

Portnex has shut down its Zimasco Ferrochrome plant in Kwekwe after prices of the alloy fell to four-year lows on weak demand caused by the coronavirus outbreak.The closure places at risk hundreds of jobs at one...