adminExploration fees hiked
By Martin Kadzere
GOVERNMENT has raised pre-exploration fees for new diamond projects to US$1 million from US$50 000 to curb speculation in the mining sector.
SA not keen on nationalisation
CAPE TOWN. NATIONALISING South Africa’s mines is “not the option”, Mines Minister Susan Shabangu said yesterday in her strongest comments in a year against an idea that has unnerved investors…
Swiss bank UBS posts profit in 2010
ZURICH.SWISS bank UBS yesterday posted a largely expected annual profit in 2010 for the first time since the financial crisis, with full year net income of 7,2 billion Swiss francs…
Oil prices fall as Egypt’s turmoil eases
NEW YORK.Oil prices fell sharply on Monday as concerns about Egypt’s political turmoil affecting oil flows in the region eased and investor focus returned to rising US inventories and a…
European shares lower
LONDON.European shares were lower yesterday in a broad selloff from the previous session’s 29-month closing high, led by defence firm Thales after one of its joint contracts was scrapped.Some strong…
Govt prepared to assist retrenchees — Minister
The Government is prepared to assist school-leavers and retrenchees to set up businesses and income-generating projects as a way of reducing unemployment, a Cabinet minister said recently.Retrenchees have expressed fears…
BNC-Glencore deal to calm uneasy investors
Corporate News with Golden SibandaTHE announcement by Mwana Africa that its majority- owned Bindura Nickel Corporation signed an off-take agreement with Glencore International should calm the nerves of uneasy investors.As…
US$40m boost for wheat
The Zimbabwe Commercial Farmers’ Union is on the verge of clinching a deal worth US$40 million with the private sector to support wheat farming this winter, an official has said.In…
Let’s give what we own
Two years ago I was invited to be a guest of honour at my former school on a prize-giving day. Before the event kicked off I was politely told that…
Asian shares struggle
SINGAPORE. Asian shares struggled for traction yesterday, despite gains on Wall Street, but Japan’s Nikkei touched a nine-month high as hopes of a sustained economic recovery for the rich world…