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Small-Scale Gold Miners to now Get 90% in USD, 10% in ZiG

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Fidelity Gold Refinery has implemented a new 90:10 payment structure for small-scale gold producers following the latest monetary policy directive from the Reserve Bank of Zimbabwe (RBZ).

In a statement issued after the RBZ’s Monetary Policy Statement of 27 February 2026, Fidelity confirmed that small-scale miners will now receive 90% of their gold proceeds in foreign currency, with the remaining 10% paid in local currency (ZiG). The new structure takes effect immediately.

The refinery said the move aligns with the central bank’s revised retention framework for gold deliveries by small-scale producers and gold buying agents. Authorities believe the adjustment will improve foreign currency earnings for miners while maintaining local currency circulation in the domestic economy.

To ensure smooth processing of the ZiG portion of payments, Fidelity has urged all small-scale miners to submit their local currency banking details without delay. The company emphasized that compliance with the new requirements will help avoid payment disruptions.

Fidelity also assured stakeholders that it is committed to ensuring a seamless transition in line with the new monetary policy measures.

Small-scale miners account for the bulk of Zimbabwe’s gold deliveries, making the new 90:10 structure a significant development for the sector’s cash flows and viability.

Inside Kundai Mudzviti’s rise in Zimbabwe’s Gold power circle

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At just 27, Kundai Mudzviti is redefining what it means to build a career in communications. From excelling as a journalism student at NUST to stepping into academia as an Assistant Lecturer, and now shaping the public voice of Fidelity Gold Refinery, her journey is anything but conventional.

In this interview, she reflects on an unplanned path into media, the lessons learned from the newsroom, and the realities of managing communications at the heart of Zimbabwe’s gold sector, all while balancing the demands of career, leadership, and motherhood.

Kundai, you’re only 27, and you’ve already built a career that spans journalism, academia, and corporate communications. Let’s start at the beginning. What drew you to media and communications in the first place? Was there a specific moment or person that made you say, “This is what I want to do with my life”?

To be frank, no one really inspired me. I don’t have that story of a teacher or a mentor who pointed me in this direction. In fact, I wanted to do law. That was the plan. But life happened, and I found myself in journalism instead. Some people say journalists are failed lawyers, and maybe there is some truth to that in my case! But once I arrived in Media, I stayed because I realised I loved the craft. At NUST, I was one of the best students there were only two of us at the top, really, and that excellence opened doors. I became an Assistant Lecturer while still young, and that experience shaped my confidence more than anything else. Suddenly, I was the knowledgeable one in the room. I didn’t have a “Eureka!” moment. I just kept showing up, and the path revealed itself. Law’s loss was communication’s gain.

You’ve stood on both sides of the classroom, as a student at NUST and later as an Assistant Lecturer. What did stepping into that lecture hall teach you about communication that you couldn’t have learned anywhere else? And how does that experience influence how you now communicate with stakeholders at Fidelity?

Oh, this is a good one. At NUST, most of my students were Ndebele speakers. I do not speak Ndebele. English was their second language, and it was the lecture room’s first, but that did not make me the better communicator. If anything, it made me the weaker one, because I had to work harder to be understood. I learned very quickly that communication is always two-way. You cannot just deliver information and walk away. You have to check for understanding. You have to watch faces, read the room, rephrase yourself, and ask questions. That experience taught me humility. It taught me that being “knowledgeable” means nothing if you cannot transfer that knowledge. At Fidelity, I use that lesson every single day. Whether I am explaining a policy to a miner or a compliance issue to a regulator, I never assume I have been understood. I listen for the gaps.

You worked as a Staff Writer at the Financial Gazette, which means you know exactly what journalists are looking for when they knock on a company’s door. How has that experience shaped the way you handle media relations at Fidelity Gold Refinery? What do you understand about a reporter’s pressures that someone who never sat in a newsroom might miss?

At Fingaz, I learned one thing above all else: the diary is king. The editor, Chimakure, if you know him, needs that diary filled. As a journalist, you are under constant pressure to deliver stories, often with impossible deadlines and limited information. Having that background, I understand what a reporter is going through when they call me at 4 pm on a Friday needing a comment. I try by all means to assist, because I know the alternative. And what is the alternative? They will go looking for another source. And that other source might not have the full picture, or might have an agenda. That is how miscommunication happens. That is how a company ends up reading a story that is not quite wrong but not quite right either. I understand that pressure because I lived it. So I respond. Even if I cannot give them everything, I give them something. That is more than many PR people do. The point is, I respect the job because I have done it.

At Danai Heritage Park, you were tasked with positioning a new destination in a competitive market. At Fidelity Gold Refinery, you are managing the public image of an institution at the very heart of Zimbabwe’s gold sector. How is the communications challenge different between selling a leisure destination and managing the reputation of a strategic national asset? What skills carried over?

At Danai, the stakeholders were not high-profile. It was about leisure, about positioning a destination as fun and exciting. You could be informal. You could charm someone over a drink. Charm is a skill, and I learned it at Danai as a social skill. At Fidelity, everything changes. You need to be formal. The stakeholders are different, government regulators, international buyers, and artisanal miners who trust you with their livelihood. The day-to-day involves management, social media, and constant stakeholder engagement. But here is what carried over: knowing what to say at the right time. The social skills I learned at Danai come into play every single day. You just wear a different suit. Also, Danai taught me how to position something new. Fidelity is not new, but its story is constantly evolving. I use the same strategic thinking: identify the target audience, craft the message, and choose the right channel.

Fidelity Gold Refinery sits at a sensitive point in Zimbabwe’s mining value chain. It is currently the national buyer of gold and the refiner before export. How do you navigate the public conversation? What is the most difficult question you’ve been asked as Fidelity’s PR officer, and how did you answer it?

By being transparent. I know that sounds like a corporate answer, but I mean it. Fidelity is a company in the public eye. We cannot hide. The only way to manage a difficult public conversation is to tell it as it is. If there is a challenge, we acknowledge it. If there is a misunderstanding, we clarify it. If we have made a promise, we keep it. Transparent communication is not just a policy; it is survival. The most difficult question I have been asked? Someone once asked me directly, “How much gold is smuggled out of Zimbabwe every month?” I could not give a number, because that is not the information we have. But I did not dodge. I explained what Fidelity is doing to formalise the artisanal sector, to create a transparent chain of custody, and to make legal channels more attractive than illegal ones. I told the truth about what we know and what we do not know. The journalist respected that.

You have a Master’s degree in Journalism and Media Studies, but you chose to go into PR rather than stay in the newsroom. Was there a moment of decision? And looking back, do you ever miss being the one asking the questions instead of the one answering them?

I miss asking questions. I miss it very much. I am used to being the one with the notebook, the one chasing the story. A part of me misses it. But the whole of me does not. Does that make sense? I chose this path. When I decided to do my Master’s, I was not choosing more journalism. I was choosing PR. Journalism and Media Studies is not only about the newsroom. My Master’s shaped me to be a PR professional. So no, I don’t regret it. I just sometimes look at a journalist across the table and think, “I know exactly what you are feeling right now.” There was no single moment of decision. It was gradual. But if I had to pick one, it was during my Master’s when I realised I was more interested in strategy and reputation than in breaking news.

At 27, you are likely the youngest person in many of the rooms you now enter, boardrooms, government meetings, and industry forums. How do you command presence and credibility in spaces where you might be the youngest person, and sometimes the only woman? What has surprised you about how senior executives respond to you?

I try to be serious and professional. That is my first line of defence. But here is what I have learned: my senior executives are listening despite my age, despite my gender. In some organisations, people get discriminated against because they are young. Not here. I have been lucky. But I also think it helps that I know what I want. I don’t walk into a room apologising for my age. I walk in prepared. I know my material. I have done my homework. What has surprised me? How willing senior executives are to listen when you speak with clarity and confidence. I expected more pushback. I expected to be dismissed. But most of the time, if you know your stuff, they will hear you. Age becomes irrelevant when you add value.

Fidelity Gold Refinery interacts with a wide range of stakeholders, from government regulators and international buyers to small-scale miners in remote parts of the country. How does your communications strategy change when you are speaking to a gold panner in a rural area versus speaking to a potential investor in London or Dubai? Do you have a different message for each, or a single core message that you adapt?

Completely different. The whole idea is knowing what one wants. I spent a lot of time with korokozas, the artisanal miners, learning what they like, learning their language. A korokoza wants to know that when they bring their gold, they will be paid fairly and on time. Their language is trust and reliability. Their channel is word-of-mouth and local media. An investor wants to know about compliance, about volumes, and about due diligence. Their language is data and process. Their channel is email, reports, and formal presentations. I do not have a different message, Fidelity is a trusted partner to everyone, but I have a different way of delivering that message. The core is the same: we are reliable, we are transparent, we are fair. The packaging changes completely. And the social skills I have come into play every single time.

Let’s look forward. You are 27 with a Master’s degree and a high-profile role at a strategic institution. What is next for Kundai Mudzviti? Do you see yourself staying in corporate communications, or do you have ambitions that would take you back into journalism, or perhaps into a different field entirely? What is the career you are quietly building for yourself?

I see myself rising to higher ranks in corporate communication. I don’t have dreams of leaving this field, I have grown a real passion for it. I can use the skills I have in PR and corporate affairs. I don’t see myself going back to the newsroom. I don’t see myself becoming a lecturer again, at least not full-time. I see myself growing here, in this industry, shaping how organisations speak to the world. And maybe one day, I will be the senior executive who listens to a young woman across the table and takes her seriously. That would be a good legacy. I am quietly building a reputation for excellence, for honesty, and for being the person who can talk to anyone, from a korokoza in a rural village to a minister in a boardroom. That is the career I want. And I am well on my way.

Finally, what do you want people to understand about the woman behind this whole conversation when they see you in town?

I am a mom to a toddler who has endless energy and an infant who thinks 2 am is playtime. I am a wife, a sister, a daughter, and a daughter-in-law. On top of all that, I am my mother’s firstborn child, the deputy parent to my siblings. That means I get the calls when something breaks, when someone needs money, or when a decision needs to be made. So I juggle. Every single day. I try to be present at home and fully present at work, but honestly? Some days I drop a few balls. I pick them up and keep going. Zvakaoma. It is hard. So if you see me in town looking like I haven’t slept, or rushing with a baby on my hip and a phone in my hand, just be kind. Smile at me. Or buy me coffee. I will probably cry.


This article first appeared in edition 86 of the Mining Zimbabwe Magazine

WEMZ to Celebrate Women Transforming the Mining Sector

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Women Empowerment in Mining Zimbabwe (WEMZ) will host the 3rd edition of the Women in Mining Service Excellence Awards on 6th of March 2026 at the Monomotapa Hotel in Harare, running under the theme “Give to Gain: Celebrating Women in Mining Excellence,” Mining Zimbabwe can report.

By Rudairo Mapuranga

According to the Organizing Secretary, Chiedza Chipangura, this year’s awards are designed to be purely celebratory rather than competitive. Speaking on behalf of WEMZ, Ms. Chipangura emphasized that the goal is to ensure that every woman working in the mining sector receives the recognition she deserves.

“These awards are not performance-based. They are about appreciation and acknowledgment. They are celebratory, not competitive; they are complimentary,” said Ms. Chipangura. “We will continue to spotlight women until everyone is celebrated. Our goal is to inspire a new generation by showing them that there is a place for them in mining and to encourage more women to pursue professional careers in this field.”

WEMZ has confirmed that the Guest of Honour for the prestigious night will be the Deputy Minister of Mines and Mining Development, Honourable Engineer Fred Moyo. He will be joined by the Gender Director from the Ministry of Women’s Affairs, as well as a senior representative from the Ministry of Mines, underscoring the government’s commitment to inclusive growth in the sector.

A Night to Honour Legends

The gala evening, running from 18:00 to 22:00 hours, will bring together 350 delegates from at least 25 leading mining companies. In a special segment, WEMZ will pay tribute to the trailblazers who have paved the way for women in Zimbabwe’s mining industry. Honorary Lifetime Achievement Awards will be bestowed upon prominent women who have served in the highest positions within mining companies. This year’s honourees include Ella Muchemwa, Elizabeth Nerwande, Tsitsi Dhambuza, Tendai Madondo, Busi Chindove, and Dr. Nomusa Moyo, leaders whose careers have broken glass ceilings and inspired countless others.

Furthermore, the awards will recognize the institutions making this progress possible. Mining companies that actively include women in their workforce and foster inclusive environments will be celebrated as “Gender-Sensitive Organizations,” receiving recognition for their role in driving sustainable growth.

WEMZ has extended a partnership invitation to mining companies across the country. The organization is urging companies to support the celebration of the women who work for them by sponsoring their dinner in their honour. Participating companies are asked to fund their nominees’ participation, while WEMZ oversees the logistics, programme design, and extensive media coverage.

This partnership offers a unique opportunity for mining houses to enhance their corporate image by visibly demonstrating their commitment to gender empowerment.

Gold buying prices in Zimbabwe per gram/ ounce, 2 March 2026

Gold buying prices in Zimbabwe per gram/ ounce, 2 March 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above162.075,040.94
SG 85% and above but below 90%160.364,987.76
SG 80% and above but below 85%158.644,934.26
SG 75% and above but below 80%156.934,881.07
Sample 5g and above but below 10g154.354,800.83
Fire Assay CASH162.935,067.69

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

Gold buying prices in Zimbabwe per gram/ ounce, 28 February 2026

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Gold buying prices in Zimbabwe per gram/ ounce, 28 February 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above158.724,936.75
SG 85% and above but below 90%157.044,884.49
SG 80% and above but below 85%155.364,832.24
SG 75% and above but below 80%153.684,779.99
Sample 5g and above but below 10g151.164,701.61
Fire Assay CASH159.564,962.87

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

ZELO Endorses Lithium Export Ban, Says It Validates Findings of Its Mine to Market Report

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The Zimbabwe Environmental Law Organisation (ZELO formally ZELA) has thrown its weight behind the government’s immediate suspension of lithium concentrate exports, stating that the ban aligns with recommendations made in its recent Mine to Market Situation Report for critical minerals, Mining Zimbabwe can report.

By Rudairo Mapuranga

In a statement released Friday, ZELO said the ban will help plug mineral leakages that its research identified as a persistent problem in Zimbabwe’s lithium supply and value chains.

“Having identified the risks and vulnerabilities in the lithium sector in our recent Mine to Market Situation Report for critical minerals, which tracked Zimbabwe’s lithium supply and value chains, we take comfort in knowing that some recommendations in the situational report are aligned with the government’s position at this moment,” the organisation said.

Mines and Mining Development Minister Dr. Polite Kambamura announced the suspension on Wednesday, stating it would remain in force until further notice as authorities work to tighten export controls, promote local beneficiation, and ensure greater accountability in the country’s strategic minerals sector.

ZELO noted that this announcement validates observations in its 2025 report, which highlighted a “porous lithium value chain which is prone to illicit trade and revenue leakages.”

The organisation’s report focused on ensuring that Zimbabwe derives maximum economic benefits from the lithium sector and attracts more investment.

ZELO acknowledged that the government has introduced a range of policies and legislative instruments aimed at promoting beneficiation and value addition of lithium and other base minerals, including the Base Minerals Export Control (Unbeneficiated Base Mineral Ores) (Amendment) Order, 2023 (Statutory Instrument 57 of 2023).

This legislative direction, the organisation noted, underscores the government’s commitment to ensuring that the extraction of strategic minerals contributes meaningfully to domestic industrialisation and inclusive economic growth aligned with Vision 2030.

However, the report also noted that implementation needed improvement, as mineral leakages were still reported at borders, including the export of raw lithium passed off as concentrates even when it did not meet prescribed value addition thresholds.

ZELO’s report was particularly critical of oversight at border posts.

“The Minerals Marketing Corporation of Zimbabwe (MMCZ) currently lacks presence at border posts, leading to weak oversight,” the report stated. “The Zimbabwe Revenue Authority (ZIMRA) also lacks the technical capacity to verify mineral content independently, creating delays and risks of mineral leakage.”

The organisation noted, however, that MMCZ has since responded positively to this problem by stationing its officers at borders, a development that strengthens the enforcement of the current suspension.

The Stakes: Jobs, Infrastructure and Avoiding the Resource Curse

ZELO emphasised that if effectively implemented, Zimbabwe stands to realise substantial benefits from lithium mining and processing, including:

  • Job creation
  • The growth of new towns
  • Infrastructure development
  • Increased tax revenue
  • Improved livelihoods for rural communities

“However, to fully optimise these benefits, there is an urgent need for the government to strengthen its policy and legal frameworks governing the transitional minerals sector,” ZELO said.

“This includes ensuring investment security, fostering fair competition in the mining industry, promoting responsible and sustainable mining standards, and implementing progressive fiscal policies that enable the lithium sector to drive long-term economic growth and help the country avoid the resource curse.”

Key Recommendations to Complement the Ban

To ensure that the intended benefits of the ban are realised, ZELO reiterated several recommendations from its Mines to Market report:

  1. Strengthen Compliance and Export Monitoring

Government agencies, particularly the Ministry of Mines and Mining Development and MMCZ, must ensure strict enforcement of export regulations, including the ban on unbeneficiated lithium. Improved inspection, monitoring, and data transparency systems are essential to curb illicit trade and revenue leakages.

  1. Ensure Consistent Enforcement

The government should strictly enforce the ban on unprocessed lithium exports as provided under SI 213 of 2022 and ensure compliance with the concentrate thresholds stipulated in SI 57 of 2023 and SI 5 of 2023. Effective enforcement will strengthen local beneficiation and reduce risks of illicit trade.

  1. Strengthen Public-Private Partnerships (PPPs)

The government should encourage joint ventures and PPPs between local and international actors across the lithium value chain. Such partnerships should prioritise the establishment of Approved Processing Plants (APPs), energy hubs, and skills development programmes to promote technology transfer and local capacity building.

  1. Establish Special Economic Zones (SEZs) for Beneficiation

Create Special Economic Zones dedicated to lithium and critical mineral beneficiation into high-value products such as lithium metal oxide cathode material, graphite anode material, lithium-ion batteries, turbines, and solar panels. These SEZs can serve as catalysts for industrialisation aligned with Vision 2030 and the National Industrial Development Policy.

  1. Diversify Export Markets

ZELO called for national strategies aimed at reducing reliance on a single export market, particularly China. This can be achieved by exploring new global trade partners, expanding market outreach, and aligning domestic production with international demand trends.

“Market diversification will enhance resilience, improve competitiveness, and strengthen Zimbabwe’s bargaining power,” the organisation said.

  1. Broaden Investor Participation

The government should encourage competition by engaging additional investor countries through trade fairs, diplomatic missions, and international partnerships. Regional trade agreements such as AfCFTA, SADC, and COMESA should be leveraged to attract diversified investment portfolios and enhance Zimbabwe’s integration into regional and global value chains.

ZELO’s endorsement adds a civil society voice to the growing chorus of support for the government’s export suspension, framing the ban not as a punitive measure but as an evidence-based intervention to protect national interests.

The organisation made clear that, based on its research, the ban was “an expected development.”

With MMCZ now stationed at border posts and enforcement mechanisms being strengthened, the focus shifts to implementation and ensuring that the complementary measures—SEZs, PPPs, and market diversification—are pursued with equal vigour.

The trucks that once rolled across Beitbridge carrying raw lithium may have made their last journeys. The question now is how quickly Zimbabwe can build the processing capacity to replace those exports with something far more valuable: jobs, skills, and a place in the global battery value chain.

RBZ Maintains 30% Exporter Surrender, Cites Uptick in Mineral Prices

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The Reserve Bank of Zimbabwe (RBZ) has maintained the export surrender threshold at 30% while introducing a new 10% surrender requirement for small-scale gold miners in its 2026 Monetary Policy Statement, citing rising global metal prices, Mining Zimbabwe can report.

By Ryan Chigoche

The policy comes amid continuing debate over Zimbabwe’s foreign currency retention framework, which mining operators say is critical given that most operating costs are denominated in United States dollars.

Exporters have also expressed concern that delays in accessing the liquidated portion of the 30% surrender have worsened liquidity pressures across the sector.

The apex bank increased the surrender requirement from 25% in February last year to 30%, despite industry calls for retention levels of about 80–85%. Producers argue that lower retention limits the foreign currency available for working capital, particularly for essential inputs such as electricity, imported equipment, and specialised services.

Presenting the 2026 MPS in Harare, RBZ Governor John Mushayavanhu said the decision was informed by the current upswing in commodity prices.

“We have decided to maintain the 30% because we are seeing an uptick in the price of commodities. So, even if we export the same quantity that we exported last year, we should be able to realise more because the price has gone up. So, 30% of a larger figure would be a larger figure, which means the foreign exchange market should be able to give. So, we are maintaining the export retention or export surrender at 30% surrender, 70% retention,” he said.

The decision comes as global metal prices remain supportive of Zimbabwe’s mining exports. Gold is trading at elevated levels, while platinum group metals have staged a recovery, helping cushion producers against rising operational costs.

The extension of the framework to small-scale gold miners through a new 10% surrender requirement marks a significant shift, particularly as the segment now contributes the bulk of national gold deliveries.

However, uncertainty remains over how smaller operators will adjust. Many operate with tighter margins and limited access to formal financing, and additional conversion requirements could test cash flow sustainability.

The move has reignited debate within the industry. The Chamber of Mines of Zimbabwe has been engaging authorities over the retention regime, arguing that surrendering earnings at the official rate, especially amid exchange rate gaps, reduces the real value of export proceeds and constrains reinvestment.

As metal prices rise, the central bank sees opportunity. Miners, however, remain focused on managing rising costs and liquidity pressures.

Worker dies in an accident at Chinese owned Prospect Lithium, body spends almost 12 hours at scene

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A fatal incident has been reported at Prospect Lithium Zimbabwe (Private) Limited (PLZ), where a worker is alleged to have died in an early morning incident at the company’s processing plant, Mining Zimbabwe can report.

The incident is understood to have taken place during the early hours of the morning in the conveyor belt section of the plant.

According to sources, officers from the Zimbabwe Republic Police attended the scene later in the afternoon, and distressed relatives had to endure waiting until around 17:40 hours when the body was eventually released.

Mining Zimbabwe contacted the company for comment, however, no response had been received at the time of publication. Police spokesperson Ass Com Paul Nyathi confirmed the incident but has yet issue an official statement confirming the circumstances surrounding the fatality.

This remains a developing story. Further details will be published once official confirmation and additional information become available.

Prospect Lithium Zimbabwe (PLZ) is a subsidiary of Zhejiang Huayou Cobalt Co., Ltd., a Chinese battery metals producer.

BREAKING: RBZ Imposes 10% Export Surrender on Small-Scale Gold Miners

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Zimbabwe’s small-scale gold miners will now be required to surrender 10% of their export earnings to the Reserve Bank of Zimbabwe (RBZ), as authorities move to formally include the segment in the export surrender framework and curb arbitrage opportunities within the gold marketing chain, Mining Zimbabwe can report.

By Ryan Chigoche

The policy shift was announced by RBZ Governor John Mushayavanhu in his Monetary Policy Statement released today. Until now, small-scale miners were exempt from export surrender requirements and retained 100% of their export proceeds.

Under the new measures, small-scale gold miners will retain 90% of their export earnings and surrender 10% to the central bank. Previously, they enjoyed full retention of their export proceeds.

Explaining the rationale behind the decision, Mushayavanhu said the central bank was seeking to ensure fairness across the sector while tightening regulatory loopholes.

“You remember, when I first came in, I said this is not Animal Farm, where some animals are more equal than others. So we now want to start gradually bringing the small-scale gold miners into the net. So, for now, they are going to have to surrender 10% and retain 90%, and the figure will be reviewed as we go. So, it’s 70% retention for everyone; for small-scale gold miners, it’s 90%,” Mushayavanhu said.

“We are also beginning to see arbitrage activities where large-scale gold miners will now market their gold via small-scale miners, and we want to stop that,” he added.

The development is significant, given that small-scale miners have in recent years emerged as the dominant contributors to gold deliveries to Fidelity Gold Refinery. Artisanal and small-scale producers have consistently accounted for the bulk of national gold output, often surpassing large-scale mining houses in monthly deliveries.

Their strong delivery performance has made them a critical pillar of Zimbabwe’s foreign currency inflows, particularly as gold remains the country’s leading export earner. By bringing small-scale miners into the surrender net, the central bank is widening its foreign currency mobilisation base while seeking to eliminate distortions within the gold marketing system.

Although the 10% surrender requirement is modest, the gradual approach signals the RBZ’s intention to progressively align retention thresholds across the gold sector. The Governor indicated that the ratio for small-scale miners will be reviewed over time as authorities assess compliance and market dynamics.

With small-scale miners now formally incorporated into the export surrender framework, the gold sector enters a new regulatory phase that could reshape foreign currency flows and marketing practices within Zimbabwe’s mining industry.

Better Blasting: Eureka Mine and AECI Mining Partner to Drive Downstream Efficiencies

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In an era where operational margins are won or lost in the blast outcome, Eureka Mine has moved beyond traditional pyrotechnic constraints to better blasting. By transitioning from legacy shock tube systems to AECI’s flagship electronic initiation platforms, Intellishot®, the operation is not just blasting, it is taking full control of the blasting outcome.

Located in Guruve, Zimbabwe, Eureka Mine is a cornerstone of the nation’s gold production. Operated by Dallaglio Investments (a subsidiary of Padenga Holdings), the mine utilises the contractor mining model on drilling, blasting, loading, and hauling services. While this model offers flexibility, it requires high-level of technical blasting integration to ensure that every blast yields into the downstream mine performance.

Historically, Eureka Mine faced several technical bottlenecks common in legacy systems. Poor fragmentation and inconsistent perimeter control were leading to high secondary breakage costs. Furthermore, the limitations of shock tube timing meant an inability to blast larger benches, resulting in a high frequency of blasts, averaging ten per month, reducing the mine equipment utilisation index.

From a safety perspective, the open-flame initiation system posed a fatal risk which modern mining engineering seeks to eliminate.

Better Blasting: Eureka Mine and AECI Mining Partner to Drive Downstream Efficiencies

The transition to AECI’s IntelliShot® system began strategically in controlled (buffer blasting) and ore blasting before a full rollout on all blasting activities. The technology allows for up to 16,000 programmable detonators per blast, with delays ranging from 0 to 20,000 ms, which enhances the Drilling and Blasting Engineers’ control over a design blast.

This millisecond-accurate timing allows for single-hole firing and complex blasthole sequencing that is not possible with pyrotechnic systems. “Precision equals performance,” notes the AECI Explosives Engineer, Kudzai Kondo. “Optimised muck pile profiles, vibration control, and cast accuracy are the direct results of the adoption of the new technology on precise and accurate blast timing.

Better Blasting: Eureka Mine and AECI Mining Partner to Drive Downstream Efficiencies

The adoption of the AECI’s Electronic Initiation Systems (EIS) has yielded operational benefits into the mine value chain. By optimising blast designs, Eureka Mine has achieved the following:

  • Blast Size Scale-Up: Blast sizes have increased from an average 30,000 bcm to a staggering 110,000 bcm.
  • Reduced Blast Frequency: Blast frequency has reduced from ten (10) to an average of six (6) per month, increasing the mine equipment utilisation index.
  • Fragmentation Excellence: Fragmentation performance rose from 95% to a consistent average of 97% per ore bench, increasing the crusher performance from 302 tph to an average of 331 tph.
  • Wall Stability: Final wall berm retention ratings rose from an average of 79% to an average of 85%, allowing for an optimised pit shell design, which increases the life of the mine.

Michael Zvaraya, the Mining Manager at Eureka Mine, emphasises this results-oriented approach: “We have seen the benefits off the new system on our value chain from blasting of benches to the processing of the blasted rock. This system has been a key enabler during our production ramp-up period to ensure we optimise on all the key mining indices.”

The new system required a comprehensive training conducted by AECI Mining to Eureka Mine and Mining Contractor technical and operational teams to ensure there is transference of knowledge as part of the Management of Change (MOC).

“AECI has been pivotal in our drilling and blasting optimisation strategies” says Senior Mining Engineer, Desmond Chawira. “They have been with us from the trial phase into the full rollout phase, providing 24/7 technical assistance on complex blasting operations.”

From a safety standpoint, the ability to initiate blasts remotely from up to 3 km away from the blast has enhanced control on fatal risk management over explosives. “Intellishot significantly reduces personnel exposure to the effects of the blast,” says Taurai Mudzimuirema, AECI Site Manager.

Ryan Masona, Drilling and Blasting Superintendent, adds: “The system is safe, simple to use, and easy to understand even in challenging situations.”

The success at Eureka Mine serves as a blueprint for the Zimbabwean mining sector. Moshen Jena, Regional Manager for AECI, concludes: “The future belongs to those organisations that embrace technology. We are proud to partner with Eureka Mine to unearth wealth. Our electronic blasting systems have gained widespread application in both underground and surface operations across Zimbabwe and the world over.”

Through the pillars of Precision, Safety, and Efficiency, Eureka Mine and AECI are proving that intelligent blasting is no longer a luxury, it is a prerequisite for the modern, high-performance mine.