MINING & RETAIL

Caledonia gold production rises 11,4% in 2017

CALEDONIA Mining Corporation Plc has achieved a full year gold production of 56 135 ounces (1,59 tonnes), up 11,4% from the 2016 output despite a slow production in the first half of 2017, the company...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Miners scramble for Gold Development Fund

The Gold Development Fund (GDF) that was introduced by the Reserve Bank of Zimbabwe to capacitate small-scale gold miners, has been oversubscribed resulting in $80 million being disbursed to miners la...

By Staff reporter | Published: 15 January 2018

BUSINESS NEWS

RBZ increases gold delivery payments

THE Reserve Bank of Zimbabwe through its arm, Fidelity Printers and Refiners (FPR) has increased its payments for gold deliveries in United States dollars from 60 to 70 percent as part of efforts to c...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

Metallon Gold sells Arcturus Mine

GOLD mining concern, Metallon Corporation has sold one of its operations, Arcturus Mine to TN Securities Limited.Metallon did not disclose the value of the sale but indicated that as part of the trans...

By Staff reporter | Published: 04 December 2017

MINING & RETAIL

Fidelity Printers boss in court for abuse of office

Fidelity Printers and Refiners head of gold operations Mehluleli Dube is appearing at Harare Magistrates' Court on allegations of approving a $183 000 gold purchase after police advised him to stop th...

By Staff reporter | Published: 27 November 2017

EUROPE

Gold miners' Q3' 17 preview

With the third quarter's earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more highly anticipated by investors, for good reason.  ...

By Adam Hamilton | Published: 19 October 2017

MINING & RETAIL

Gold producers upbeat

ZIMBABWE'S gold mining firms are planning to ramp up production in the next few years at a time the majority of companies in the country are struggling due to a deteriorating economic environment.This...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Gold deliveries in massive surge

Gold deliveries to Fidelity Printers have hit 12,09 tonnes mark in the first seven months of the year, with deliveries by small-scale miners increasing 7,8 percent to 1 127,5 kg in July from 1 045,9kg...

By Staff reporter | Published: 18 October 2017

MINING & RETAIL

Artisanal miners being duped, losing $16 per gram

Fidelity Printers and Refiners (FPR) said on Monday artisanal miners, who are contributing significantly to the country's gold production, were being duped by middle-men who are buying the yellow meta...

By Agencies | Published: 16 October 2017

MINING & RETAIL

Caledonia in Q3 record gold production

Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter. This was a reco...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Govt pays $5m to gold miners weekly

Government is shelling out US$5 million towards payment for gold delivered by small-scale miners, which is weighing down the availability for physical cash for ordinary citizens, a Cabinet minister ha...

By Staff reporter | Published: 02 October 2017

MINING & RETAIL

Afreximbank, RBZ negotiate gold deal

Fidelity Printers Refinery is set to start processing gold from other African countries if negotiations between the African Export-Import Bank (Afreximbank) and the Reserve Bank of Zimbabwe on the iss...

By Staff reporter | Published: 28 September 2017

POLITICS

Discord in AAG over gold claims

The national leadership of the Affirmative Action Group (AAG) has broken ranks with its Bulawayo chapter over the decision by city fathers in the second largest city to allocate gold claims to town cl...

By Staff reporter | Published: 21 September 2017

MINING & RETAIL

Zimbabwe loses over $500m worth of gold

Zimbabwe is losing over $500 million worth of gold annually to smuggling due to lack of support to small scale producers, the country's sole gold buyer has said. Fidelity Printers and Refinery said th...

By Staff reporter | Published: 21 September 2017

MINING & RETAIL

Gold deliveries soar

GOLD deliveries soared to almost 14,7 tonnes in the first eight months of the year, driven by a strong performance by small-scale miners, statistics reveal.Small-scale miners, who largely use rudiment...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Cash, gold stolen from exhibit room

An official in the Ministry of Justice and Legal Affairs in charge of exhibits at the Harare Magistrates' Courts allegedly stole various exhibits which included $990 and fake United States dollars.The...

By Staff reporter | Published: 20 September 2017

MINING & RETAIL

Gold output increases

ZIMBABWE'S gold production has risen by about 10 percent in the first eight months of the year to 14.6 tonnes from 13.4 tonnes in the comparable period in 2016, official figures show.The country's exp...

By Staff reporter | Published: 19 September 2017

MINING & RETAIL

RioZim reports increased gold production

MINING concern, RioZim gold production for the half year ended June 30, 2017 rose 13 percent to 873 kilogrammes helping the group's comprehensive profit swing in the positive.RioZim reported $2,9 mill...

By Staff reporter | Published: 15 September 2017

MINING & RETAIL

Plug gold leakages, add value, says Mugabe

PRESIDENT Mugabe says beneficiation and value addition, and a deliberate policy to curb rampant leakages of precious minerals especially gold, are central to realising more revenue from the mining sec...

By Staff reporter | Published: 14 September 2017

BUSINESS NEWS

Buyanga extends business to gold, precious metals

THE African Medallion Group (AMG) has extended the scope of its business activities to include gold purchasing and precious metal beneficiation.The development has seen AMG increasing its gold reserve...

By Staff reporter | Published: 13 September 2017

MINING & RETAIL

Government to boost gold production

THE Ministry of Mines and Mining Development will this week sign off at least 40 gold claims across the country as Government steps up efforts to boost gold production in the country. The claims will ...

By Staff reporter | Published: 12 September 2017

MINING & RETAIL

Zesa gold tariff reduced by 34%

Zimbabwe's power utility Zesa has reduced its tariff for gold miners by 34% to USc7,87/energy unit following calls from the miners who argued that the charges were hurting their operations.Gold produc...

By Staff reporter | Published: 08 September 2017

MINING & RETAIL

Artisanal gold miners descend on Arda Transau

HUNDREDS of artisanal gold miners have descended on Arda Transau following rich gold deposit discoveries in the area, crowding out families relocated to the area from Chiadzwa.The gold rush in the com...

By Staff reporter | Published: 07 September 2017

MINING & RETAIL

Vast Resources ramps up gold production

London-listed mining firm Vast Resources says gold production at its Zimbabwean unit went up by 36 percent to 4 037 ounces in the second quarter to June 2017.Vast Resources owns Pickstone-Peerless gol...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

'Gold mining probe complete'

The Government has completed investigations into gold mining which were triggered mainly by rampant cases of smuggling and suspected abuse of scarce foreign currency by big mining firms, Deputy Mines ...

By Staff reporter | Published: 04 September 2017
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