Fidelity Gold Refinery (FGR) has changed its web address from www.fpr.co.zw to www.fgr.co.zw.
Speaking to Mining Zimbabwe FGR General Manager Mr Peter Magaramombe said the change was in line with the rebranding of the sole gold buyer to Fidelity Gold Refinery.
Fidelity Gold Refinery’s (FGR) core business currently encompasses the following: Security and commercial printing operations, Gold buying and gold refining operations, and Disbursement of the Gold Development Initiative Fund (GDIF).
Fidelity Gold Refinery (Pvt) Ltd is licensed to buy gold from large-scale producers, small-scale producers and holders of gold buying permits. The customer has the option to select the assay method for a particular deposit or the specific gravity method. If the customer opts for the fire assay method, payment will be made after the analysis which is carried out at the Head Office in Harare. Samples obtained after melting are accurately analysed using the internationally recognised fire assay technique. Results obtained are in the region of 1 part per thousand tolerances. However, for the specific gravity method, payment is actioned on the spot. The specific gravity method is used particularly in areas outside Harare.
The refinery has the capacity to refine gold to purities of 99.5% and above using the Miller chlorination process, Electrolytic refining process and the Aqua regia refining process technique.
FGR has decentralised its buying activities from Harare to cover the entire country, thereby significantly reducing the security risks associated with transporting gold for the small-scale sector. The customer has the option to select the assay method for a particular deposit or the specific gravity method. Gold delivered to the centres is paid for on the spot after carrying out a specific gravity determination of the gold content. However, if the miner opts for the fire assay method, payment will then be made after the analysis which is carried out at the Head Office in Harare.