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National Railways of Zimbabwe (NRZ) using letters for railroad signals

National Railways of Zimbabwe (NRZ) using letters for railroad signals

The National Railways of Zimbabwe (NRZ) is relying on letters to communicate with train operators, risking derailment and collisions, board chairman Larry Mavhima has told Parliament. Giving oral evidence before the parliamentary portfolio committee on Transport on Monday, Mavhima said the ailing parastatal desperately needs $400 million to turn around its waning fortunes. NRZ is […]

Norilsk Nickel launches legal action against BCL over non-payment for African asset sale

Norilsk Nickel Mauritius and Norilsk Nickel Africa Pty Ltd (together “Norilsk”), MNOD (LSE), GMKN (MOEX), announce that they have filed legal claims against BCL Limited and BCL Investments Proprietary Limited (together “BCL”) in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million (plus damages and other costs) […]

Zimbabwe Railways NRZ Open To Private Train Operators

Zimbabwe Railways NRZ Open To Private Train Operators

ZIMBABWEANS with the financial muscle to buy their own trains are free to use the country’s railway infrastructure to pursue the business, Transport Minister Obert Mpofu told Parliament this past week. “I think that the policy is that, if one wants to enter into that kind of economic activity, he or she is free to […]

Glencore, Barrick Gold Considering Selling Tanzania Nickel Project

Glencore, Barrick Gold Considering Selling Tanzania Nickel Project

Mining giants Glencore PLC and Barrick Gold Corp. are looking to sell a joint nickel development project in Tanzania, according to people familiar with the matter, in a sales process that may struggle amid volatility in the pricing of this metal. The two mining giants each own half of the Kabanga nickel project in northwest […]

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