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Gold Development Initiative Fund (GIDF) full requirements

Gold Development Initiative Fund (GIDF) full requirements

The Gold Development Initiative Fund (GDIF) is administered by Fidelity Printers and Refiners (Private) Limited (FPR) which is the sole buyer, refiner and exporter of gold in Zimbabwe. The GDIF was created by the Reserve Bank of Zimbabwe (RBZ) as part of its initiatives to enhance economic productivity through promotion and development of the gold mining industry in Zimbabwe. The loan facility is primarily for the acquisition of gold mining plants and equipment in order to enhance gold production by miners.

We offer flexible and world-class mining investment solutions to our clients. We work with you to understand your unique financing and cash flow needs, to come up with the best financing options for your gold mining operation.

Our team is composed of dedicated and seasoned banking and mining investment professionals. Our single point of contact system means you will move easily and quickly through the investment and financing process with an expert who thoroughly understands your needs.

No matter where your mine is located, or the size of your operation, we are built to deliver the solutions you need anywhere in Zimbabwe. As our valued partner, we aim at growing your business to the next level.

At Fidelity Printers and Refiners (Pvt) Ltd (FPR), under the Gold Development Initiative Fund, we support gold mining operations with focused and customized financial products that keep mining business moving forward. No matter where the mine is located, or how many ounces they mine, we can join hands and help with everything
from project to corporate financing.

Who can apply for the Gold Development Fund

All gold producers in Zimbabwe.


COMPANY (Applicable to incorporated mining entities)
• Application Letter (indicating the purpose)
• Board Resolution to Borrow / Surety
• Certified Copy of Certificate of Incorporation
• Certified Copy of Memo & Articles of Incorporation
• Certified Copy of CR14 and CR2
• List of shareholders & percentage age shareholding
• Shareholders Agreements (where applicable)
• Management Agreements (where applicable)
• Holding Company details if applicable


Passport photo taken within six months of application
Certified Copy of ID / Passport/ Driver’s License
Proof of current residence


• Certified Copy of Mine Ownership Certificate
• Certified Copy of EIA License
• Certified Copy of Explosives License
• Shareholders / Partners Agreements (where applicable)
• Management Agreements (where applicable)


• Organizational Structure and Labour Strength
• Details of Executives and Management
• CVs for Executives and Management

See Also
Minister of Mines and Mining development Winston Chitando


• Geological Report (critical)
• Mine Production History
• Mining Production Plan or Forecast (including Mining Methods)
• Gold Processing Production Plan including Flowsheet Diagrams
• Life of Mine (LOM) Plan (applicable to Medium and Large Scale)
• Environmental Impact Assessment (EIA Certificate)
• Site of Works Plan / Surface Plans
• Infrastructure Status Report
• Due Diligence Report (if ever it was done)
• Bankable Document (FBS or Business Plan)


• Financial statements of the applicant for the previous 2 years
• Latest Management Accounts i.e. Income Statement & Balance Sheet
• Explanatory Notes to the Financial Statements
• Asset Register
• Tax clearance certificate
• Cash flow projections to cover the tenure of the loan & assumptions used
• Debtors & Creditors Age Analysis
• Quotations


Head Gold Development Initiative Fund, Fidelity Printers and Refiners (Pvt) Ltd
Gold Development Initiative Fund Department
No 1 George Drive, Msasa
Harare, Zimbabwe
Tel: +263 242 486694/7, 242 486670, 242 487131
Matthew Chidavaenzi


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