Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
Marthinusen & Coutts (M&C), repairer of rotating electrical equipment, is close to completing an R8.6-million contract awarded in January 2011 by specialist winder consulting company DRA Technical Services (DRATS) on behalf of the client Konnoco Zambia, for the rewinding and refurbishment of the rock winder and man winder rotating machines for the Konkola North copper project. Konnoco Zambia is a subsidiary of Teal Minerals (Barbados), which is a Joint Venture owned by African Rainbow Minerals and Vale. (more…)