Hwange Colliery – newzimbabwevision

Prof Welshman Ncube Blamed For Zisco Deal Collapse . . . ‘Indian Investor Was Broke’-Says Speaker Of Parliament.

Posted on July 5, 2016 by newzimbabwevision

FORMER Industry and Commerce Minister Professor Welshman Ncube “misled” the Inclusive Government into signing the collapsed $750 million Essar Africa Holdings’ Ziscosteel deal without doing due diligence on the capacity of the investor, the Speaker of Parliament, Advocate Jacob Mudenda, has said. Zisco ceased operations in 2008 due to choking financial constraints and its re-opening has had many false starts in the past four years. Under the $750 million deal, Essar was supposed…

Zimbabwe Diamond Firms Face Closure After Drastic Fall In Output

Posted on November 2, 2015 by newzimbabwevision

The government is unlikely to renew mining licences for all diamond mining companies in Chiadzwa because they defaulted on their fees and did not show intentions to renew their papers, parliamentarians heard yesterday. Mines and Mining Development Minister Walter Chidhakwa told Members of Parliament and ministers attending a pre-budget seminar in Victoria Falls that diamond output had drastically dropped in the past few years. He also told the MPs that Hwange Colliery management could soon…