The Sunday News
WITH the new thrust of mining as the cornerstone of economic growth, its imperative to capacitate small-scale mining as well as to resuscitate existing mining operations and develop new mines. The thrust is also on the Government to beneficiate mineral output.
Downstream value addition involves a range of activities including large-scale capital-intensive activities such as smelting and refining as well as labour-intensive activities such as craft jewellery and metal fabrication. It is also of paramount importance to establish linkages between the mining sector and other sectors of the economy, particularly manufacturing.
The Industrial Index ended the week on a low note to close at 134.83 points following 0.42 points (0,31 percent) loss. Old Mutual put off $0,0500 to trade at $3,4500 while Econet lost $0,0096 to close at $0,1400. Barclays, CBZ, Delta and Natfoods traded unchanged at $0,0220, $0,1050, $0,8125 and $3,5125 respectively.
Week on week Industrial index retreated 2.14 points (1,56 percent).
MININGS
The Mining index was steady at 60.89 points. Bindura, Falgold, Hwange and remained unchanged at previous trading levels at $0,0400, $0,0100, $0,0300 and $0,3270 respectively.
Week on week Mining index went up by 0.16 points (0,26 percent).
