MMCZ misses first half targets

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THE Minerals Marketing Corporation of Zimbabwe (MMCZ) sold a total 1,9 million metric tonnes (mt) of minerals valued at US$1,5 billion in the first half of 2024 – missing first half revenue and volume projections.

The country’s sole minerals marketing agent’s acting general manager, Nomusa Moyo, reported that while MMCZ had targeted to sell two million mt valued at US$2,030 billion, declines in global mineral commodity prices led to a six percent volume miss and a 26 percent revenue shortfall.

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