Mineral earnings clock US$1,1bn

08 Sep, 2019 - 00:09 0 Views
Mineral earnings clock US$1,1bn Tongai Muzenda

The Sunday News

THE mining sector generated US$1,1 billion in the first seven months of 2019 against a projected target of US$1,2 billion, according Minerals Marketing Corporation of Zimbabwe (MMCZ).

MMCZ, which falls under the Ministry of Mines and Mining Development, is an exclusive agent for marketing and selling of minerals produced in Zimbabwe except silver and gold.

MMCZ general manager Tongai Muzenda, said mineral earnings for the period under review slightly missed target due to a number of challenges bedevilling the mining sector.


The All Share index closed the week on a lower note, losing 0.32 points 0,19 percent to close at 164.05 points. Padenga Holdings traded $0,050 lower at $1,551, Delta dropped $0,0290 to close at $2,9350. SeedCo International Limited lost $0,0230 closing at $2,1800. Rio Zim Limited eased $0,020 closing at $2,1800 and Econet Wireless shed $0,0090 ending at $1,2000.

Trading in the positive; Old Mutual Limited added a further $0,1010 to $17,9130, PPC gained $0,0460 to close at $2,1000 and Zimbabwe Newspapers traded $0,0160 higher at $0,0960. Other counters trading in the positive were Dairibord Zimbabwe which added $0,0100 to end at $0,3000 and Mashonaland Holdings which shed $0,0060 to close at $0,0500.

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