Kavango Resources pushed back the deadline for buying the Nara Gold Project in Zimbabwe to late February while both sides wrap up paperwork. The site covers 45 claims across four old mines that pulled over 90,000 ounces out of the ground, but never got proper modern exploration work done.
The company already has three Zimbabwe projects on the books, with Hillside being the main focus right now. Purebond Limited committed 5 million dollars back in the summer to help pay for Nara and cover development costs, and that money ties into a potential listing on the Victoria Falls Stock Exchange.
Kavango thinks flooded lower levels at the Killarney Mine might be hiding untapped gold deposits, and drilling confirmed mineralized zones below...
UK miner Ariana Resources locked down a 5.31 million dollar investment from Hong Kong Xinhai Mining Services to fund metallurgical testing and wrap up a feasibility study for the Dokwe Gold Project in Zimbabwe. The site holds over a million ounces of gold worth nearly 4 billion dollars at current prices, and Ariana has already started drilling to expand the resource.
Xinhai dropped a non-refundable 332,000 dollar signing fee while both sides hammer out the full deal structure. The cash comes in three chunks, with the first tranche hitting 5.31 million dollars in exchange for depositary interests that trade on the Australian exchange. Xinhai gets a board seat once the first payment clears.
The second and third tranches cover...
Tanganda Tea Company is dumping non-core assets and locking down bridge financing to scrape together 7 million dollars for working capital after weather issues and commodity price drops tanked its tea, macadamia, and avocado operations. The firm expects to post a 4.2 million dollar loss for the year while ditching the Victoria Falls Stock Exchange listing plan it had been pushing earlier.
Management approved a 4.5 million dollar asset sale that should close within 30 days if shareholders sign off, and a 2.5 million dollar bridge loan is getting final review from lenders. The company already cut staff to save 1.8 million dollars annually and consolidated its cattle operations by moving livestock to two estates, which freed up 50 workers...
The Zimbabwe National Chamber of Commerce is pushing back against the government's plan to bump VAT from 15 to 15.5 percent, saying companies will just pass costs straight to consumers and make inflation worse. The business group argues the tax hike lands at a terrible time since firms are already dealing with rising expenses and weak demand from households getting hammered by rising living costs.
VAT already pulls in nearly a quarter of total government revenue, and the chamber warns low-income and middle-income families will feel the increase hardest. Monthly inflation numbers showed some improvement in October, but annual rates stayed high at 82.7 percent for local currency and 13 percent for the dollar, which makes the timing...
Willdale Limited cleared illegal settlers off its 123.6-hectare Mt Hampden site and handed the property to contractors who are building an industrial commercial park. The brick company plans to sell residential and commercial stands from the development to fund a capital raise that will pay for a new all-weather production plant and boost working capital.
The property sits inside the boundaries of a proposed new city, and management expects land sales to start generating cash next quarter. Revenue from the real estate play should help the firm modernize its brick manufacturing tech and expand market share after volumes took a hit.
Seed Co International pulled its half-year loss down to $200,000 from $2.8 million in the same period last year by tightening up spending and managing credit risk better. The foreign ops arm of the Seed Co Group pushed revenue up 15 percent to $46 million while cutting overhead by 9 percent, though forex issues in Malawi and hyperinflation effects still caused some damage.
The local subsidiary Seed Co Limited went the other way and posted a $5.73 million loss after revenue dropped 39 percent to $11.6 million. That drop came from seasonal timing shifts, fewer exports after regional supplies bounced back, and a smaller winter wheat season hitting the books.
The company is banking on normal to above-normal rainfall across southern Africa...
The Comesa Yellow Card Council of Bureaux Secretariat rolled out a USSD verification app in Zimbabwe that lets border officers check if yellow cards are legit using just a regular phone. The system works without internet and aims to cut down on fake insurance cards while speeding up crossings for trucks and vehicles moving between member states.
Chief executive Calven Mutyavaviri said the tool makes verification faster and more reliable since enforcement agents can confirm coverage on the spot instead of dealing with paper systems that are easier to game. The yellow card scheme is basically regional insurance that covers third-party liability when vehicles cross borders, and it keeps trade flowing by making sure foreign drivers have...
TBProAudio dropped TBPAClip, which is a dynamics plugin that handles clipping and saturation for mixing and mastering work. The thing runs on individual tracks, busses, or the master channel, and it goes from light saturation all the way to hard brickwall limiting depending on what you need.
The plugin has a two-stage setup where you can add saturation before the clipper hits, which lets you warm up the signal and pack in some harmonics before the hard limiting kicks in. It works as either single-band or multi-band processing with symmetric and asymmetric clipping options, and it oversamples at 256x to keep aliasing out of the picture.
The plugin costs 39 euros, and there is a demo version with some limitations if you want to try it...
Fanan Team put out Playlisted 2, which turns a DAW channel into a media player that handles audio and video files without bouncing between programs during live sets. The plugin lets you run backing tracks through VST effects and route them wherever you want, and everything gets controlled through MIDI.
You can pitch tracks up or down 12 semitones without messing with the speed, and playback goes from 0.1x to 2.1x for practice runs or energy shifts. Video decoding happens in a separate process, so busted files cannot nuke your DAW, and the video pops out in a resizable window. Each track gets its own volume boost up to 22dB, plus individual pitch and speed settings.
The plugin has auto-wait logic that counts down between tracks for...
