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Govt Seeks To List Biggest Mining Company - NewZimbabwe.com


Bloomberg
ZIMBABWE, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said.
Late last year, the government created Kuvimba Mining House Ltd., in which the state pension fund and sovereign wealth fund hold 65%, to house its holdings in platinum, gold and nickel. It intends to use revenue from the company to meet a laundry list of requirements ranging from compensating White farmers for infrastructure on farms that were seized two decades ago to improving pensions. ....

Victoria Falls , Matabeleland North , Mthuli Ncube , David Brown , Africa Impala Platinum Holdings Ltd , Kuvimba Mining House Ltd , Spread This , Minister Mthuli Ncube , South Africa , Impala Platinum Holdings Ltd , விக்டோரியா விழும் , டேவிட் பழுப்பு , பரவுதல் இது , இம்பழ வன்பொன் ஹோல்டிங்ஸ் லிமிடெட் ,

Zimbabwe Seeks to List Company Holding State Mining Assets


Zimbabwe Seeks to List Company Holding State Mining Assets
Bloomberg
1/25/2021
Antony Sguazzin
© Photographer: Andrey Rudakov/Bloomberg
A truck carries excavated iron ore from the open pit of the Lebedinsky GOK (LGOK) iron ore mining and processing plant, operated by Metalloinvest Holding Co., in Gubkin, Russia, July 13, 2017. The new hot briquetted iron (HBI) production line at the Lebedinsky mine in Russia has an output capacity of 1.8m tons per year, a spokeswoman said by phone.
(Bloomberg) Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said. ....

Belgorodskaya Oblast , Victoria Falls , Matabeleland North , Andrey Rudakov Bloomberg , Mthuli Ncube , David Brown , Africa Impala Platinum Holdings Ltd , Metalloinvest Holding Co , Kuvimba Mining House Ltd , Minister Mthuli Ncube , South Africa , Impala Platinum Holdings Ltd , விக்டோரியா விழும் , டேவிட் பழுப்பு , இம்பழ வன்பொன் ஹோல்டிங்ஸ் லிமிடெட் ,

South Africa Stocks Rally to Record as Tencent Surge Bo...


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(Bloomberg)  
Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.
Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the company’s 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019.
Tencent Jumps as Citi Boosts Target, Kuaishou Seeks $5.4b IPO
Woolworths climbed 15% after saying it experienced improved trading momentum across all businesses in the final six weeks of the period ended Dec. 27. ....

South Africa , United States , Hong Kong , South African , Nedbank Group Ltd , Cashbuild Ltd , Glencore Plc , Royal Bafokeng Platinum Ltd , Momentum Metropolitan Holdings , Northam Platinum Ltd , Sanlam Ltd , Group Plc , Impala Platinum Holdings Ltd , Absa Group Ltd , Massmart Holdings Ltd , Federal Reserve , Old Mutual Ltd , Foschini Group Ltd , Sibanye Stillwater Ltd , Anglo American Plc , Pickn Pay Stores Ltd , Gold Fields Ltd , Chem Pharmacies Ltd , Shoprite Holdings Ltd , Investec Ltd , Pan African Resources Plc ,