Zimbabwe miners say costs, power shortages dampen 2023 growth prospects [Reuters]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Reuters
The southern African country has pinned hopes on the mining sector to drive its economic recovery after years of decline blamed on the government's forced seizure of white-owned farms in 2000 and excessive spending which fuelled hyperinflation. An industry report published by Zimbabwe's Chamber of Mines, which represents the country's major mining firms, says the sector will experience a slower 7% growth next year, from a projected 8% this year. “Prospects for mineral output growth for 2023 are generally lower than those recorded in 2022. Key risks to the outlook for 2023 include fragile power supply, high costs, foreign currency shortages, an unstable tax framework and capital shortages,” the report says. Mining costs are projected to increase by 15% in 2023, with energy being the main driver, the report said. Zimbabwe's miners often suffer power outages due to the frequent breakdowns of the country's old generation plants. Zimbabwe's state-owned power utility gets some elec
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SBSW
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sibanye Stillwater Limited - SBSWPR Newswire
- 30 Least Developed Countries and Their Characteristics [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sibanye Stillwater Limited - SBSWAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sibanye Stillwater Limited - SBSWGlobeNewswire
- Exclusive: UAE conglomerate seeks to gatecrash China's JHCX Zambian copper deal [Reuters]Reuters
SBSW
Sec Filings
- 3/27/24 - Form 6-K
- 3/20/24 - Form 6-K
- 3/20/24 - Form 6-K
- SBSW's page on the SEC website