AGP Executive Report
Last update: 11 hours agoMining: Namib Minerals faces a potential share sale to recover £53.2 million owed for Bulawayo Mining Company, whose assets include How, Mazowe and Redwing mines. Investment: Kudakwashe Tagwirei was sworn in as economic development and investment promotion minister, taking charge of a new portfolio as concerns grow over the impact of his US sanctions on investment prospects. Power & Processing: Mining electricity demand is forecast to rise 50% to more than 1,500MW within a year. Zheli Mining plans to start building a lithium sulphate plant in the Midlands by December, with equipment already in transit. Industry Costs: Delta says taxes, currency changes and policy uncertainty are squeezing its beer and agricultural value chains; it faces a disputed US$100 million retrospective tax bill. Prospect Lithium is also seeking tax changes, saying export levies that cannot be deducted create a double burden. Logistics: A regional CILT conference on 28–29 October will focus on transport corridors, cross-border rules, freight safety and skills.
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