Zimplats takes massive 96% hit to profit after tax in FY24
During the period under review, global commodity prices declined owing to geopolitics and a slowdown in China’s economy.
By Tatira Zwinoira
Aug. 26, 2024
Zimplats records 4% decrease in costs
For the period under review, total operating cash costs totalled US$127 339 000, down from US$133 134 000 recorded in the comparable quarter last year.
By Tatira Zwinoira
Aug. 12, 2024
Zimplats nominates new external auditor
A resolution proposing the appointment of Axcentium as Zimplats’ external auditor will be put before shareholders at the company’s 2024 annual general meeting.
By Business Reporter
May. 10, 2024
Zimplats spends US$789 million on projects
6E metal in final product improved by 12% year-on-year and was 1% higher than the prior quarter.
By Mthandazo Nyoni
May. 2, 2024
Zimplats retrenches, as poor metal prices bite
The measures included capital expenditure curtailment, cost reduction, cash conservation initiatives as well as staff rationalisation.
By Mthandazo Nyoni
Mar. 20, 2024
Zimplats spends US$702m on capital projects
In its half year report for the period ended December 31, 2023, the platinum miner said the Mupani and Bimha mine projects progressed as planned.
By Tafadzwa Mhlanga
Mar. 1, 2024
Zimplats loses US$114m following Mtasa resignation debacle
Mtasa was the long-time head of the State-owned entity, TelOne.
By Tatira Zwinoira
Feb. 23, 2024
Zimplats invests US$516m on capital projects
Transfers from closing stocks to operating costs amounted to US$0,9m during the period, a decrease of 67% in line with inventory movement in the value chain.
By Belinda Chiroodza
Nov. 2, 2023
Zimplats revenue down 23%
Despite the decrease in revenue and profit after tax, Zimplats had US$5,49 to every dollar of debt showing the firm was highly liquid to continue its capital projects.
By Tatira Zwinoira
Aug. 30, 2023
