Search results: Zimbabwe Gold (ZiG)

Zimbabwe’s gold sector has entered a new era of transparency and accountability, as the country’s sole gold buyer and exporter, Fidelity Gold Refinery (FGR), introduces a groundbreaking mine-to-market system, Mining Zimbabwe reports.By Rudairo MapurangaThis innovative system,...

Miners have welcomed the zero-rating of gold supply to Fidelity Gold Refinery (FGR), noting that it alleviates operational burdens. However, they called for clearer legislation as the new statutory instrument (SI) 105 of 2024 does not...

The Chamber of Mines of Zimbabwe anticipates a significant increase in gold production driven by rising gold prices and the strengthening of the Zimbabwe Gold (ZiG) currency.by Rudairo MapurangaThis positive outlook was shared by the Chamber’s...

The Reserve Bank of Zimbabwe (RBZ) has issued a public notice to clarify the legal status of the Zimbabwe Gold (ZiG) currency, addressing concerns raised by prominent lawyer Thabani Mpofu, Mining Zimbabwe reports.By Rudairo MapurangaMpofu had...

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has said that the 25% forex surrender requirement imposed on revenue generated from all mineral exports will remain in effect, emphasizing its crucial role in maintaining foreign...

The Minister of Finance and Investment Promotion, Prof. Mthuli Ncube, announced on Tuesday that the Zimbabwe Gold (ZiG) is now the official unit of exchange for transactions.According to Prof. Ncube, plans are underway to implement regulations...

The Reserve Bank of Zimbabwe (RBZ) began circulating the new Zimbabwe Gold (ZiG) banknotes this Tuesday, with individuals permitted to withdraw only ZiG3,000 per week and companies ZiG30,000 per week.Patricia RwafaOn April 5th, the new RBZ...

Less than a week after its launch, the Zimbabwe Gold (ZiG) has gained against the United States Dollar by 0.2%, making it one of the strongest currencies in Southern Africa.The ZiG currency is expected to address...

The decline in global mineral commodity prices has resulted in a 9% decrease in export receipts during the first nine months of 2023 compared to the same period in 2022.Rudairo MapurangaAccording to the Reserve Bank of...