ZIMBABWE

Higher Gold Output Cuts Mwana Africa 1st Half Loss

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Mwana Africa reported a narrower first-half loss, driven mainly by a jump in production at its Freda Rebecca gold mine in Zimbabwe, and said it continued to be in talks with the government there about the issue of turning over a 51 percent stake to locals.
Diamond

Diamond demand to outpace supply growth to 2020-Bain

Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines, Bain & Company said in a report.
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Robert Mugabe

Zimbabwe Hiking Gold, Platinum Royalties

Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 percent, Finance Minister Tendai Biti said on Thursday, but a hike in mining royalties could impede growth.
A mine worker looks on underground in Modderfontein east mine

Mozambique plans no local mine ownership targets

Mozambique has no plans to impose local ownership requirements on its mining industry and it will not seek overly high government stakes in mining ventures that could deter investors, its national director of mines said.
A worker casts an ingot of platinum

Amplats gives locals stake in Zimbabwe mine: radio

Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Swaziland"s King Mswati III attends the Southern African Development Community

Swaziland cash crunch critical, AIDS spending hit

A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Robert Mugabe

China urges Zimbabwe's Mugabe to expand economic ties

Zimbabwe's President Robert Mugabe won praise on Wednesday as a great African figure and old friend of Beijing, underscoring China's commitment to boosting business ties to a leader shunned by Western governments.
Zimbabwean President Robert Mugabe and Prime Minister Morgan Tsvangirai arrive at a rally marking Zimbabwe's 31st independence anniversary celebrations in Harare

Zimbabwe's Mugabe, Tsvangirai slam violence

Rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai together on Friday condemned political violence in Zimbabwe and said parties should freely hold meetings at a time when tensions are rising ahead of possible elections in 2012.
Bottles of beer move along a production line at the South African Brewery in Alrode

SABMiller's Zimbabwe unit H1 earnings up 46 pct

SABMiller's Zimbabwe unit registered a 46 percent increase in earnings in the half-year to September, driven by strong beverage sales growth as the country's economy continues to recover.
Rough diamonds are displayed at the Botswana Diamond Valuing Company in Gaborone

US says compromise on Zimbabwe diamond sales was necessary

The United States agreed to a compromise allowing Zimbabwe to export diamonds that human rights groups say are tainted by abuses, to prevent the paralysis of the global system for stopping trade in blood diamonds, the State Department said on Wednesday.
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Zimbabwe police seal MDC offices, fire tear gas

Zimbabwean police sealed the offices of Prime Minister Morgan Tsvangirai's party on Tuesday, firing tear gas into the building and at bystanders in central Harare and raising tensions ahead of elections that could come next year.
A worker casts an ingot of platinum

Zimplats Q1 output down, eyes local ownership plan

Impala Platinum's Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter after a maintenance shutdown at its furnace, but the company was on track to submit a revised local ownership plan in November.
Saif Al-Islam

Gaddafi son should be tried in Libya first: minister

Saif al-Islam Gaddafi will not escape justice and should be tried in Libya for murder, corruption and many things before an international court questions him, the country's interim justice minister said on Monday.
Mugabe

Mugabe says he's still fit, may target Swiss assets

Zimbabwean President Robert Mugabe denied speculation his health is failing and hinted at taking action against Swiss firms in retaliation for his wife and aides being denied visas to visit Geneva, the official Herald newspaper reported on Monday.

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