HARARE, June 3 Foreign loans that use minerals
as collateral may complicate Zimbabwe's future negotiations with
foreign creditors to restructure its $8.8 billion debt, an
International Monetary Fund official said on Monday.
HARARE Zimbabwe's largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country.
HARARE Zimbabwe government figures blamed exporters on Monday for exacerbating a dollar shortage and warned the power utility against fuelling inflation as the state grappled with a mounting economic crisis.
HARARE Nelson Masaka heaves a hindquarter of beef on his shoulder from a truck and trudges inside his butchery shop, wondering out loud how he would survive Zimbabwe's worst power cuts in three years. | Video
* RTGS$ currency posts its biggest one-day fall
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HARARE Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one of the world's biggest platinum and gold producers.
HARARE Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said.
HARARE, May 15 Power imports are cushioning
platinum mining companies against Zimbabwe's worst blackouts in
three years, but gold mines could face production cuts as they
continue to rely on an unstable national grid, industry
HARARE Zimbabwe's central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggesting the local unit will be devalued further.
* Miners seek to hold on to dollar earnings for longer
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