Zimbabwe hit a crazy export record after pulling in over a billion dollars during October, and the Manhize steel plant plus gold prices basically carried the whole thing. Dinson Iron and Steel Company pushed construction material exports up 300 percent compared to last year, with semi-finished iron products and ceramic tiles leading the charge. Gold still dominated overall shipments at 45 percent of total value, while tobacco and nickel rounded out the top three earners.
The UAE grabbed half of all exports because it bought most of the gold, and South Africa plus China took another third combined. ZimTrade boss Allan Majuru said local companies are proving they can actually compete across the region after the steel sector came back to life.
Mining revenue jumped 35 percent from the previous year, hitting over six billion dollars for the period. Gold output smashed annual targets by reaching nearly 42 tonnes, which generated close to four billion in receipts alone.
The UAE grabbed half of all exports because it bought most of the gold, and South Africa plus China took another third combined. ZimTrade boss Allan Majuru said local companies are proving they can actually compete across the region after the steel sector came back to life.
Mining revenue jumped 35 percent from the previous year, hitting over six billion dollars for the period. Gold output smashed annual targets by reaching nearly 42 tonnes, which generated close to four billion in receipts alone.
