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NEWS
Fidelity cash crisis continues, gold taskforce deployed
Gold submissions to Fidelity Printers and Refiners could further dwindle as the sole buyer has been out of cash at its various centres across...
Forex increase to drive gold mines viability
Zimbabwe’s mines have hailed the decision by Fidelity Printers and Refiners (FPR) to increase the foreign currency retention threshold for gold miners as a...
RBZ limits ZIPIT transactions to ZWL $20 000/day
THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) has directed all banks to review downwards Zipit transaction limits to ZWL$20 000 a...
We will now make consistent USD gold payments – RBZ
Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent...
Businessman jailed 10 years for swindling Investor of US517 000
A LOCAL businessman has been sentenced to 10 years imprisonment by a Bindura magistrate for swindling his Singaporean business partner of an investment worth...
BREAKING: ZMF Response to the New Gold Trading Framework
The Zimbabwe Miners Federation would like to appreciate the recent review by FPR in the gold trading framework as announced through its Press Statement...
Fine gold explained
What is fine gold and how do we make our gold fine? This was yesterday's biggest concern after the recent announcement by the Reserve...
SA mine reports 164 cases of Covid-19, shuts down
AngloGold Ashanti Ltd. has reported 164 cases of the novel coronavirus among its workers at a gold mine in South Africa, raising new questions...
Fidelity forex retention adjustment, fine gold, miners speak out
THE Reserve Bank of Zimbabwe yesterday announced that forex retention for gold had been revised up from USD 55% and 45% rtgs to USD...
Fidelity adjusts gold price, now pays 100% usd for fine gold
Fidelity Printers and Refiners, (RBZ's gold buying unit) has adjusted gold buying rates to 70%usd and 30%rtgs. The RBZ announced that Fidelity will be...
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