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 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 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
Zimplats sinks US$373,6 million into projects
During the quarter, ZHL spent money on exploration and expanding operations at its existing mines to scale up its mineral production.
By Melody Chikono
Apr. 30, 2023
Zimplats raises expenditure on environment rehab
Environmental rehabilitation entails bringing a destroyed or deteriorating environment back to better conditions and a robust ecosystem.
By Tatira Zwinoira
Dec. 23, 2022
Corrupt Harare chefs behind shocking ecological disaster
Local News
By Tinashe Kairiza and Julia Ndlela
Dec. 20, 2024
Zanu PF battles for influence amid Sadc-wide poll crises
Local News
By Tinashe Kairiza and Tinofara Chiwanza
Dec. 20, 2024
