Published: 15 January 2018

Gold miners - who have been clamouring for an electricity tariff reduction from the current USc12,8 per kilowatt hour (kWh) to USc7 per kWh - are set for a major reprieve amid indications that a breakthrough is in the offing.

The miners have been engaging the country's power utility, Zesa. Considering the important role being played by gold miners in foreign currency generation, Government and the Reserve Bank of Zimbabwe (RBZ) have also reportedly waded into the issue.

Gold deliveries to Fidelity Printers and Refiners (FPR) - the gold buying unit of the RBZ - rose to 24,8 tonnes last year, driven by small-scale miners' strong performance.

Small-scale miners delivered 13,2 tonnes of gold while large-scale producers delivered about 11,7 tonnes last year.

FPR shelled out US$980 million in the acquisition of the 24,9 tonnes of gold, which were 0,4 tonnes more than the 24,5 tonnes target set for the year.
- The Sunday Mail

You might also want to read this

• ZETDC vending system crashes
• Zesa announces more load shedding
• Why Zimbabwe quadrupled its electricity prices
• Zesa to review power tariffs monthly
• Powerless Zesa blacklists debtors
• Zesa announces shock tariffs hike
• Another Zesa tariff hike looms
• New Zesa board will have its work cut out
• Prepaid electricity vending system up today
• Power supply to improve long-term