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Search results: Reserve Bank of Zimbabwe (RBZ)
RBZ avails $21,7 million to women and youth miners
The Reserve Bank of Zimbabwe (RBZ) has availed RTGS$21,7 million to assist women and youths in small-scale mining to boost their operations.Speaking recently in Gwanda during a workshop for small-scale miners in Matabeleland South Province, RBZ...
Caledonia cries foul over export incentive
AIM-listed mining group, Caledonia Mining Corporation, says its earnings per share will decline by approximately US$5,4 million after the Reserve Bank of Zimbabwe (RBZ) withdrew the export credit incentive scheme for gold producers.The export incentive was...
RBZ calls on miners to increase production
The Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya, has called on miners to ramp up production to compensate for potential declines in mineral prices.Precious metal prices were generally subdued last year, occasioned by weak safe...
Tonnes of gold lost through illegal market
ZIMBABWE is producing close to 100 tonnes of gold, but the bulk of that is being lost to the black market as small-scale miners, who are the main producers in the country, shun official channels, a...
10 things the government need to do to improve the mining industry
The economy of Zimbabwe has become public discourse where expects have come to the conclusion that every Zimbabwean have turned themselves into economic analysts.By Rudairo D MapurangaHowever, for Zimbabwe to be back to full economic recovery...
Gold production under threat from forex shortages
THE country’s gold sector is in a precarious situation after it emerged that the Reserve Bank of Zimbabwe (RBZ) has not been paying primary gold producers for the last three months, NewsDay has established.The current state...
ZERA advocates establishment of crude oil refinery
Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe’s fuel consumption has risen from an average 2 million...
Falgold fails to publish financial results
LISTED miner Falcon Gold Zimbabwe has failed to publish its financial results for the financial year to September 30 this year, citing operational challenges which have been worsened by inadequate foreign currency allocations by the Reserve...
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...
Gold Revenue Rises 10.17% in April
Zimbabwe's gold sector has witnessed a significant upswing in revenue, with earnings from gold sales climbing by 10.17% in the first four months of 2024 compared to the same period last year. By Rudairo Mapuranga This growth, albeit impressive, could...
Issue of escrow shares in the acquisition of the Bilboes gold project
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) has recently received a notice to issue the Escrow Shares, which were withheld by the company to be issued to Shining Capital Holdings II LP...
Zim dollar slightly eases against US$
THE Zimbabwe dollar has slightly weakened to 85,63 against the United States dollar at this week’s foreign currency auction platform conducted on Tuesday.Last Tuesday, the exchange rate at the auction was $85.50.A total of US$46 million...
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