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Former Implats CEO heads new mining operation in Zimbabwe BL PREMIUM 21 December 2020 - 13:16 Kevin Samaita
Harare Former Impala Platinum CEO David Brown has been appointed to head Kuvimba Mining House, a consortium of international investors that has plans to invest up to US$1bn (R15,53bn) to revive closed mines in Zimbabwe.
Dozens of potentially viable mines in Zimbabwe are shut down or mothballed due to lack of capital, as investors shun the country because of a poor investment climate and policy inconsistencies by the government.
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Slump cuts a third off De Beers’ revenue BL PREMIUM
UPDATED 17 December 2020 - 18:19
De Beers, the largest seller of rough diamonds by value, recorded a one-third drop in revenue for 2020 because of the global downturn caused by the Covid-19 pandemic.
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