AGP Executive Report
Last update: 5 hours agoLithium Investment: Prospect Lithium Zimbabwe and sister company Arcadia Technology Zimbabwe expect annual earnings to top US$600 million as production and processing expand. Their owner, Huayou Cobalt, has invested US$1.1 billion in Zimbabwean operations. Gold Mining: Namib Minerals has commissioned an expanded How Mine plant, lifting monthly processing capacity by 36% to 55,000 tonnes; full production is targeted for December. Logistics and Markets: Unifreight plans to leave the ZSE for the US-dollar-denominated VFEX, following other local firms seeking a different investment environment. Currency and Costs: The RBZ says ZiG now accounts for more than 40% of payments and has no fixed date for ending the multi-currency system; existing US-dollar bank balances will not be forcibly converted. Separately, the ZNCC has proposed capping fuel taxes at US$0.40 to ease business costs.
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