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Columns & Comment

BNC battles to stay afloat

 “The cash flow of Bindura Nickel Corporation (BNC) in recent months has been affected negatively by a number of factors, including declining nickel prices, low production levels, unfavourable exchange rates and periodic power blackouts,” said the miner in a statement. “The exchange rate policy ultimately cripples the company’s…

Coal firms incur heavy losses

While the bulk of the coal firing Zimbabwe's embattled industries and tobacco farms is produced by the Zimbabwe Stock Exchange (ZSE)-listed Hwange Colliery Company Limited (HCCL), there has been a significant throughput from Sengwa Mine in Gokwe and Thuli Mine in Beitbridge.These mining operations have, however, in recent…

A dream deferred

An Emergency Travel Document (ETD) issued to Tsvangirai at the eleventh hour on Sunday only allowed him to travel direct to Mbabane and yet the MDC leader had been scheduled to connect through South Africa.Tsvangirai, according to reports, also declined an offer by King Mswati III to use…