Gold deliveries hit four tonnes

Gold deliveries hit four tonnes
Published: 09 May 2014

Gold deliveries to Fidelity Printers and Refiners, the country's sole buyer of the mineral, reached nearly four tonnes in four months to April this year, official statistics show.

The deliveries from primary producers stood at 3.175 tonnes while small-scale miners delivered about 762.3kg, latest statistics obtained from Fidelity Printers and Refiners show.

Fidelity Printers resumed gold refining in December last year since 2008 and the country will be seeking re-admission on the London Bullion Market Association this year.

Before resuming gold refining, all gold was being exported unrefined and this, among other things negatively affected the local jewellery industry as it resorted to importing refined gold and silver.
- herald
Tags: Gold,

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