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Gold buying prices per gram in Zimbabwe 30 December 2024

These are the official gold buying prices per gram in Zimbabwe today 30 December 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$79.47/g
SG ABOVE 85% BUT BELOW 90% US$78.63g
SG ABOVE 80% BUT BELOW 85% US$77.79/g
SG ABOVE 75% BUT BELOW 80% US$76.95/g
SAMPLE BELOW 10g BUT ABOVE 5g US$75.69/g

Fire Assay CASH $79.89/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market

Filabusi mine robbed of carbons worth US$22,400

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The Zimbabwe Republic Police (ZRP) in Gwanda have launched an investigation following a daring robbery at a mine in Filabusi on December 27, 2024.

According to a police statement, the incident occurred around 11 PM when seven unidentified male suspects, armed with machetes and logs, attacked three security guards on duty. The assailants then forced their way into the carbon room, stealing 250 kilograms of gold carbons valued at approximately US$22,400.

“Police in Gwanda are investigating a case of robbery which occurred at a mine in Filabusi on 27/12/24 at around 2300 hours. Seven unidentified male suspects who were armed with machetes and logs attacked three security guards who were on duty before breaking into a carbon room where they stole 250kgs of gold carbon valued at US$22 400.00. Anyone with information to report at any nearest Police Station,” the Police said in a statement.

Authorities are appealing for public assistance to track down the perpetrators.

The robbery highlights the persistent security challenges faced by small-scale mining operations in the region.

Congo Frees Chinese Nationals Detained for Illegal Mining

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The Democratic Republic of Congo has released 14 of the 17 Chinese nationals who were arrested last week on suspicion of operating an illegal gold mine in the country, authorities of that country announced late on Tuesday.

According to News central, the men, who are now on their way back to China, were detained alongside others from Congo and neighbouring Burundi during a crackdown on illegal mining activities. They were unable to provide the necessary documentation for their operations.

Jean-Jacques Purusi Sadiki, the governor of South Kivu, where the arrests took place, expressed his surprise upon hearing of their release. He added that the Chinese miners owed the government $10 million in unpaid taxes and fines.

Around 60 Chinese nationals were present at the site, with the 17 detained individuals believed to be in charge. The Chinese embassy in Kinshasa has yet to comment on the matter, while Burundi’s embassy is awaiting more information from its representative in Bukavu.

Bernard Muhindo, South Kivu’s finance minister and acting mines minister, explained that the goal was to reform the sector. “The idea is not to go on a manhunt, but rather to clean up the mining sector so that reliable partners can work properly and legally,” he stated.

The DRC has been struggling to curb the activities of unlicensed mining companies and, in some cases, armed groups who exploit its vast reserves of cobalt, copper, gold, and other valuable minerals. Competition for control over mining operations has also contributed to ongoing conflicts in the region, which borders Rwanda.

Gold buying prices per gram in Zimbabwe 23 December 2024

These are the official gold buying prices per gram in Zimbabwe today 23 December 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$79.49/g
SG ABOVE 85% BUT BELOW 90% US$78.65g
SG ABOVE 80% BUT BELOW 85% US$77.81/g
SG ABOVE 75% BUT BELOW 80% US$76.97/g
SAMPLE BELOW 10g BUT ABOVE 5g US$75.70/g

Fire Assay CASH $79.91/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market prices.

Zimbabwe Kicks-Off Project to Reduce Mercury Use in Artisanal and Small-Scale Gold Mining

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Zimbabwe’s government is taking action to support a more responsible artisanal gold mining sector, launching a $23.7 million USD project to reduce mercury across mine sites in the country.

A toxic chemical used to extract gold from ore, mercury damages the lungs, skin, and eyes. The chemical can travel far from where it is released, polluting the air, water, and soil. Furthermore, it bioaccumulates up the food chain.

In Zimbabwe, over 300,000 people work in artisanal gold mining, with the sector contributing to more than 40 percent of the country’s mineral exports. Across the country, 96 percent of artisanal gold mine sites use mercury, with miners often forgoing protective equipment and risking exposure to toxic fumes. Zimbabwe’s artisanal gold mining activities result in more than 24 tonnes of mercury being released annually.

The five-year planetGOLD Zimbabwe project is financially supported by the Global Environment Facility (GEF) and implemented by the United Nations Environment Programme (UNEP). The project is executed by the international non-profit organization, IMPACT, in close coordination with the government of Zimbabwe.

The project will work together with local communities to reduce the use of mercury in artisanal and small-scale gold mining—the world’s largest source of anthropogenic emissions of mercury pollution— while improving the health and lives of local mining communities. The Zimbabwe project is part of a global programme implemented in 25 countries.

The planetGOLD Zimbabwe project plans to support 7,500 men and women at 11 districts in Zimbabwe, reducing mercury use by 4.85 tonnes. In addition to mercury reduction, the project aims to support formalization of the artisanal gold mining sector and increasing miner’s access to finance. This will lead to the adoption of mercury-free technologies and promote more responsible and traceable gold supply chains.

The project officially launched on November 14 in Harare, with an Inception Workshop that brought together stakeholders to discuss how planetGOLD Zimbabwe will support a more responsible artisanal gold sector.

In a keynote speech, Mr. Edward Samuriwo, Acting Permanent Secretary of the Ministry of Environment, Climate, and Wildlife, outlined the project’s significance in addressing the challenges of mercury use in Zimbabwe’s gold mining sector. Mr. Samuriwo reaffirmed Zimbabwe’s commitment to the Minamata Convention on Mercury and emphasized the pivotal role the planetGOLD project will play in supporting the country’s efforts to eliminate mercury use in artisanal gold mining through the implementation of Zimbabwe’s National Action Plan.

Zimbabwe ratified the Minamata Convention on Mercury in 2021. In its National Action Plan, the country committed to strong cooperation among all stakeholders including government agencies and supply chain actors to improve the health and safety of communities involved in artisanal gold mining.

“Through the launch of the planetGOLD project, Zimbabwe moves towards more responsible artisanal gold mining. We look forward to working with all stakeholders to create a sustainable change in the sector,” said Yann Lebrat, IMPACT’s Deputy Executive Director.

Coal will continue to stay

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FutureCoal welcomes the International Energy Agency’s (IEA) 2024 Coal Outlook findings, which confirm coal’s enduring role in the global energy landscape. Global coal demand reached historic levels in 2024, underlining its essential role in energy security, economic growth, and industrial development.

Key findings from the report include:

  • Global coal demand is expected to grow by 1% in 2024 to an all-time high of 8.77 billion tonnes (Bt).
  • Electricity generation from coal is set to reach an all-time high of 10,700 terawatt-hours (TWh) in 2024.
  • Global coal production is forecasted to surpass 9 Bt for the first time in history.
  • Since 2020, the global coal market has grown by more than 1.2 billion tonnes.

“Coal will continue to stay—it is the bedrock for over 100 countries,” said Michelle Manook, Chief Executive at FutureCoal. “This report underscores coal’s vital role in driving economies, creating jobs, and fuelling industrial growth. Nations like China, India, and emerging economies like Indonesia and Vietnam are harnessing coal for growth and self-sufficiency.”

“More importantly, coal supports heavy manufacturing, allowing regions like Europe to help afford new capital spending on so-called clean energy transition products such as electric vehicles, solar PV and wind turbines—or at least their essential components.”

China’s coal demand is expected to grow by 1% to reach 4.9 Bt in 2024, and India’s coal demand is projected to grow by over 5%, reaching 1.3 Bt. Emerging economies such as Indonesia and Vietnam also drive demand to support economic development.

“Coal is central to decarbonisation when paired with proven abatement technologies,” Manook stated. “Our Sustainable Coal Stewardship roadmap shows how coal can reduce emissions, enhance economic growth, and ensure environmental responsibility. It’s time for global stakeholders like the IEA to acknowledge coal’s transformative role.”

To sustain coal’s future responsibly, FutureCoal calls for increased investment in abatement technologies and balanced, fair policies supporting coal innovation.

“Technologies today can abate up to 99% of emissions while boosting efficiency, without the need for massive new infrastructure or overreliance on critical minerals,” said Manook. “A level playing field in regulations and finance, backed by fair government and media support, will drive investment to modernise coal abatement technologies and de-risk assets that will operate for decades”, Manook concluded.

Kavango Secures US$13 Million to Boost Gold Mining Ventures in Zimbabwe

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London Stock Exchange-listed mining and exploration junior, Kavango Resources, which has gold projects in Zimbabwe, has made a significant financial breakthrough by securing £10 million (US$13 million) as part of an expanded strategic financing package, Mining Zimbabwe reports.

By Rudairo Mapuranga

Operating through its Zimbabwean subsidiary, Kavango Zimbabwe, established in July 2023, the company is targeting several historic high-grade gold mines in the Matabeleland region, with a focus on economically viable bulk mining.

Kavango’s Chief Executive Officer, Ben Turney, confirmed that substantial funding has been secured to launch the Hillside Gold Project in 2025.

“We have completed the first phase of exploration and believe we have identified two potential gold mines. One of these is an underground, high-grade opportunity that we hope to mine using a spiral decline.

“Spiral declines are a modern form of mining developed in Australia over the last 25 years. They enable bulk mining of underground lode gold systems. This is a relatively new approach in Zimbabwe, which we hope to pioneer.

“We have built a very strong exploration and mining team in Bulawayo. We look forward to what they can achieve next year,” he said.

Kavango also aims to use a prospectus to list its shares on the Victoria Falls Stock Exchange, signaling its intent to broaden market exposure.

Earlier this month, Kavango announced the discovery of substantial tungsten and other strategic elements at its Hillside Project. These findings emerged from the initial phase of Inductively Coupled Plasma (ICP) testing on core samples from the site.

With its newly secured financial package, Kavango is poised for a promising 2025 as it seeks to introduce modern mining practices to its Hillside Gold Project. If successful, this initiative promises to be a pioneering milestone in the development of Zimbabwe’s extensive goldfields.

Women in Mining Awards Hailed as a Vehicle for Empowering Female Miners

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The Women in Mining Awards have been celebrated as a significant step towards promoting and empowering women in the mining sector through the recognition of their achievements and contributions, Mining Zimbabwe can report.

By Rudairo Mapuranga

Held yesterday at Holiday Inn Hotel Harare and organized by Women in Mining Empowerment, led by Chiedza Chipangura, the event brought together key figures in the industry, acknowledging both individuals and companies for their participation and accomplishments.

The ceremony was a glamorous affair, with women from various mining sectors being celebrated for their resilience, dedication, and success.

Sharon Tokoda, an award recipient, expressed her gratitude for the recognition, emphasizing the importance of celebrating the contributions of women in mining.

“This event was long overdue. The recognition of women in mining is something we are celebrating today because many women have been involved in mining for years, and mining has provided for numerous households,” Tokoda said.

She also celebrated her award as a supplier in the mining sector, noting that her work supplying lime from Zambia was driven by passion.

“When it comes to mining, it’s all about passion. These women wake up every day because they love what they do. We should encourage our young girls to take up mining because it has vast opportunities that are often overlooked,” Tokoda added.

Sharon Pencil, a young chrome miner from Mutorashanga in Mashonaland West, also shared her thoughts on the awards, describing them as empowering for women in small-scale and informal mining.

“This event was very empowering. It encourages women in small-scale or informal mining to formalize their operations and grow. It also shows that women can succeed in mining, a field once considered masculine,” Pencil said.

She emphasized that young people should take advantage of such opportunities, especially in a challenging economic environment.

The awards not only celebrated the achievements of women in the sector but also served as a platform to inspire more women and young people to venture into mining. The recognition of their efforts is expected to encourage women to formalize their businesses, invest in their operations, and grow their impact within the industry.

The Women in Mining Awards, hosted by Women in Mining Empowerment, have been hailed as a powerful vehicle for ensuring that women in mining are not only recognized but also supported in their efforts to contribute to the nation’s mining industry. Through events like these, women are empowered to take up leadership roles and break barriers in a field that has traditionally been male-dominated.

Chiedza Chipangura, who leads the Women in Mining Empowerment organization, emphasized the importance of these awards in giving women the recognition they deserve and motivating more women to join the industry. The success of the event reflects the growing role of women in Zimbabwe’s mining sector and the increasing opportunities for their participation in its future growth.

MMCZ Records 21% mineral sales increase

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Although there was a 21% increase in mineral sales during the first 11 months of 2024 compared to the previous year, there was a 13% decline in value from $3 billion to $2.6 billion due to depressed global mineral prices during the period under review, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking during a press briefing held on Friday, the Acting General Manager of the Minerals Marketing Corporation of Zimbabwe (MMCZ), the country’s sole minerals marketing agent except for gold and silver, Dr. Nomusa Moyo, in a speech delivered by Mr. Gwarimbo, Acting Deputy General Manager of Finance and Administration, confirmed the revenue loss, citing fluctuating global mineral prices as the main contributing factor.

“While we successfully increased our mineral exports in terms of volume, particularly in the platinum group metals (PGMs), lithium, and high-copper ferrochrome sectors, we experienced a decline in the overall value due to weaker global prices,” Gwarimbo said.

MMCZ recorded a total of 3.9 million metric tonnes in mineral sales during this period, an improvement from 3.2 million metric tonnes sold over the same period in 2023. However, the value of these sales dropped significantly as global markets, especially in key minerals like PGMs and coal metals, experienced reduced demand and lower pricing.

“Despite the decline in revenue, MMCZ remains optimistic, as the volume increase demonstrates that Zimbabwe remains a strong player in the global mineral market,” Gwarimbo added.

He emphasized the need for the country to focus on value addition and beneficiation strategies, in line with the National Development Strategy 1 (NDS1), to counter the effects of price volatility in raw mineral markets.

PGMs were the top-performing minerals, contributing $1.3 billion to total exports, followed by lithium, which earned $457 million, and high-copper ferrochrome, which brought in $311 million. Despite this performance, the overall value of exports saw a sharp decline, a trend affecting several mineral-producing countries due to global market conditions.

To mitigate future losses, MMCZ has embarked on a strategic plan to develop new export markets in countries such as China, India, Australia, and Peru. The Corporation is also focusing on research and development initiatives to better understand Zimbabwe’s lithium resources and enhance mineral resource accounting.

Gwarimbo also highlighted the corporation’s ongoing efforts to curb mineral leakages, noting investments in state-of-the-art equipment to improve local laboratories’ assaying capabilities.

“We are confident that once these measures are fully implemented, we will be able to recover lost revenue and improve the mining sector’s contribution to the economy,” he said.

The corporation remains hopeful that global mineral prices will stabilize, enabling the country to regain lost ground in the mining sector as it continues to pursue value addition and beneficiation opportunities.

Gold buying prices per gram in Zimbabwe 20 December 2024

These are the official gold buying prices per gram in Zimbabwe today 20 December 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$78.76/g
SG ABOVE 85% BUT BELOW 90% US$77.93g
SG ABOVE 80% BUT BELOW 85% US$77.09/g
SG ABOVE 75% BUT BELOW 80% US$76.26/g
SAMPLE BELOW 10g BUT ABOVE 5g US$75.01/g

Fire Assay CASH $79.18/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market prices.