The Minerals and Marketing Corporation of Zimbabwe (MMCZ) says mineral export volumes for the period January to September 2017 have improved ‘significantly’ compared to same period in 2016 largely driven by increased chrome exports.
Platinum production at Unki Mine in the third quarter to September 30 increased nine percent to 19 800 ounces compared to 18 200 ounces in the same period last year, largely on improved efficiencies at the mine.
Zimbabwe’s financial sector could come under great strain if government defaults on honouring maturing treasury bills, with local banks facing undercapitalisation and the economy facing a recession.
President Robert Mugabe, who was last week appointed the World Health Organisation’s goodwill ambassador resulting in an outcry which saw the appointment being revoked four days later, says he was never formally appointed and would have turned the appointment anyway because it would have been against the interests of Zimbabwe.
The Movement for Democratic Change led by Morgan Tsvangirai has complained that Zimbabwe African National Union-Patriotic Front thugs beat up its supporters who were on a door-to-door voter registration campaign in Unit N, Chitungwiza at the weekend.