MINING & RETAIL

Gold deliveries slump 44%

SMALL-scale miners have called on Government to consider paying 100 percent of gold deliveries in hard currency after deliveries to Fidelity Printers and Refineries (FPR) for November plummeted by 44 ...

By Staff reporter | Published: 06 December 2018

MINING & RETAIL

Fidelity Printers issues 21 gold buying licences

THE country's sole gold buyer and exporter, Fidelity Printers and Refiners (FPR) has issued 21 gold buying licences to the Zimbabwe Miners Federation (ZMF) as part of its concerted efforts to mop up t...

By Staff reporter | Published: 02 December 2018

MINING & RETAIL

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly as the sole gold buyer to promote competition. FPR ...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

Top forex earners to spur Zimbabwe revival

IMPROVED production of the country's two top foreign currency earning commodities, tobacco and gold is likely to be a springboard to the country's economic turnaround.Captains of industry and economis...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

Large-scale gold miners in scam

Government has threatened to descend heavily on large-scale gold mining companies that are reportedly under declaring their gold output. Some of the primary producers are understood to be selling thei...

By Staff reporter | Published: 20 November 2018

MINING & RETAIL

Caledonia's production drops

CALEDONIA Mining Corporation's gold production for the nine months to September 30, 2018 fell by 0,4% to 39 558 ounces from 39 710 ounces recorded over the same period last year. The mining company, w...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Modi invited to India gold summit

THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

RioZim H1 gold output rises

Resources group, RioZim Limited's half year gold production rose 20 percent to 1 050 kilograms from 873 kilograms in the same period last year as production at its three mines was ahead of comparable ...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

NatPharm in golden handshake scam

FORMER managing director of the National Pharmaceutical Company (NatPharm), Mrs Flora Sifeku, is set to walk away from the national drug procurer $200 000 richer after the board resolved to give her a...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Govt ups efforts to boost gold output

THE Government will soon establish gold centres throughout the country as efforts to increase gold output to 100 tonnes per annum by 2023 gather momentum. This comes in the wake of reports that the co...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Zimbabwe govt pledges support for largest gold miner

GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Gold deliveries peak 24 tonnes in 7 months

THE country is poised to achieve its 30 tonnes gold production target for this year buoyed by the continued increase in deliveries of the yellow metal to Fidelity Printers and Refiners (FPR) by small-...

By Staff reporter | Published: 09 September 2018

MINING & RETAIL

Debts push Metallon Corporation to the brink

PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...

By Staff reporter | Published: 07 September 2018

MINING & RETAIL

4 injured in shooting at illegal gold mine

Police in Mashonaland East Province have arrested three security guards from Braising Security Company for shooting illegal gold miners at Arcturus Mine in Goromonzi over the week-end. The guards shot...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

Small-scale miners mainstay of gold production

Small-scale gold miners have been described as the mainstay of gold production in Zimbabwe and should be protected if the country's economy is to fully recover.The contribution of small-scale miners c...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

SA gold unions reject insulting wage increase proposals

Gold wage negotiations between producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU),...

By Agencies | Published: 25 July 2018

MINING & RETAIL

Blanket Mine gold output stagnates

LONDON Stock Exchange-listed resources firm Caledonia Mining Corporation says gold output at its Zimbabwean unit, Blanket Mine, went up one percent to 25 582 ounces for the half year ended June 30, 20...

By Staff reporter | Published: 23 July 2018

Pickstone gold output up 10%

AIM-listed junior miner Vast Resources (Vast) says gold production at its Pickstone Peerless mine increased by 10 percent to 6,969 ounces in the quarter ended June 30, 2018 compared to 6,326 ounces re...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

$5m gold, cash scandal suspects set free

THE $5 million gold and cash scandal, which rocked Zimbabwe about two weeks ago, is dead in the water amid indications that the five Indian suspects have been released along with their "loot".While po...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Chiwenga to open Gold Centre

BUBI Milling Centre Private Limited, one of the numerous Gold Service Centres earmarked to be set-up by Government as it moves to ensure the yellow metal from small-scale and artisanal miners is sold ...

By Staff reporter | Published: 22 July 2018

POLITICS

Gold war rocks Esigodini

EIGHT people were injured and four of them were hospitalised after they were attacked by machete-wielding artisanal miners in Esigodini during a three-day gold war that saw two alleged gold barons bei...

By Staff reporter | Published: 22 July 2018

MINING & RETAIL

Zimbabwe's gold output hits 10-year high

Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from smal...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

Cheers for small scale miners

GOVERNMENT has finalised effecting amendments to the Mines and Minerals Amendment Bill, which will see small scale miners getting recognition at law, as Government steps up efforts to grow the sector ...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Economy glitters as gold rakes in $715m

Zimbabwe'S economy has continued on a solid upward trajectory since the beginning of the year, with exports rising 23 percent in the January to June period led by gold shipments, which earned more tha...

By Staff reporter | Published: 15 July 2018
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