adminRioZim ends toll refining agreement
Bright Madera
Senior Business Reporter
RIOZIM Limited says the toll refining agreement at its Empress Nickel Refinery with Swiss metal giant Centamentall AG has been terminated.
According to the termination agreements, RioZim will immediately pay Centametall US$7 million and an additional US$6,6 million would be paid in instalments over a period of eight years without interest.
Industrial index continues to retreat
Business ReporterTHE industrial index retreated 0,70 percent last Friday for the fifth consecutive day due to losses in selected heavyweight counters to close at 131,55 points.
Firms urged to support horticulture
Golden SibandaSenior Business Reporter
GOVERNMENT has expressed concern at the lack of financial support to horticulture and has called on local agro-industrial firms to fund the sector to realise its potential of becoming a multibillion-dollar industry.
Converting trash into cash
Jeffrey Gogo
Climate Story
TO most people textile or paper waste, grass and leaves are frowned upon and treated just as much — useless trash.
Libya’s PM predicts bright future for foreign investors
TRIPOLI. — Prime Minister Abdelrahim al-Kib predicted a bright future for foreign investment in Libya especially in the oil sector whose infrastructure needs to be overhauled, in an interview with AFP.US producer prices rise
WASHINGTON. — US producer prices inched higher in June, ending a three-month decline, as higher food prices offset drops in energy costs, government data showed last week. The Labour Department said its June producer price index rose 0,1 percent from May, when PPI tumbled 1,0 percent due to a steep fall in energy prices.Don’t forget the jobless, Spanish king tells ministers
MADRID. — King Juan Carlos made a rare political comment last week, calling on the government not to forget Spain’s unemployed as it decides on austerity measures to battle debt.Mutizwa appointed to starafrica board
Business ReporterFORMER Delta Corporation chief executive Mr Joe Mutizwa has been appointed to the starafricacorporation board of directors with effect from July 1, 2012.
Veld fires deal Forestry Commission a blow
Obert Chifamba recently in MUTARETHE Forestry Commission has since 2005 lost 12 percent of its seed orchards for special plantation species to veld fires.
Crossline Music Festival preps gather steam
Entertainment ReporterPreparations for the Crossline Music Worship Festival featuring top American gospel artistes Michael W. Smith and Nicole C. Mullen are now in full swing, organisers have said.