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ZimAlloys managing director Deric Dube told businessdigest this week that a substantial portion of the capital outlay had been used to procure equipment, among other priorities.
Mines and Mining Development minister Winston Chitando recently told Parliament that areas covered by unsuccessful EPOs would now be designated as State assets.
Banking groups have in the past year culled over 500, according to estimates by Zibawu, which predicts a bloodbath in 2025, as operators respond to tech-driven upheavals.