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Search results: Reserve Bank of Zimbabwe (RBZ)
RBZ Drops Fixed Mono-Currency Timeline, Adopts Conditions-Based Transition
…As they assure investors of capital repatriation and forex availability
The Reserve Bank of Zimbabwe (RBZ) has moved to adopt a conditions-based transition to a mono-currency, abandoning the 2030 fixed-date target, as authorities simultaneously build sufficient foreign...
Contango Moves Muchesu Coal Project Forward as PGI Takes Operating Role
Contango Holdings Plc has cleared a key regulatory hurdle at Zimbabwe’s Muchesu coal project. The Reserve Bank of Zimbabwe (RBZ) has approved a revised ownership and operating structure that brings in Pacific Goal Investments Private Limited...
Zim Gold Export Earnings Jump 89pc to US$3,76bn on Price Rally
Zimbabwe’s gold export earnings surged sharply in the first ten months to October 2025, rising 88,9 percent to US$3,76 billion from US$1,99 billion recorded over the same period last year, according to the latest figures from...
Gold forecast to Hit US$5,000 by 2026
Zimbabwean producers ramp up investments as gold’s bull run fuels renewed optimism and record inflows
Gold’s relentless rally is reshaping investor sentiment worldwide, with HSBC now forecasting prices could climb to US$5,000 per ounce by 2026 —...
“Retention Policy is Punitive and Self-Defeating” – Economist on PGM Payments Delay
Mineral economist Lyman Mlambo has issued a stark warning over Zimbabwe’s 30% foreign currency retention policy and the government’s delayed settlement of more than US$609 million owed to platinum group metal (PGM) producers for the first...
2025 Minimum Wage Rates for the Mining Sector
The new minimum wage rates for the period 1 January to 31 December 2025 have been agreed upon and pegged in US Dollars. The agreement, reached on 17 April 2025, was made between the Employees' Party,...
RBZ Collects US$402 Million from Exporters in Five Months, Bolstered by Mining Sector
The Reserve Bank of Zimbabwe (RBZ) has collected US$402 million from exporters between January and May 2025 through the compulsory foreign currency surrender mechanism.
By Ryan Chigoche
This inflow, largely driven by the mining sector, is part of...
Mnangagwa Backs Gold-Based Currency and Recognises Artisanal Miners as Economic Drivers
In a powerful declaration of Zimbabwe's economic direction, President Emmerson Dambudzo Mnangagwa has reaffirmed his government’s commitment to anchoring the national currency in physical gold reserves—while simultaneously acknowledging the crucial role of artisanal and small-scale miners...
RBZ Suspends Gold Coin Sales After Final Stock Clearance Amid Soaring Gold Prices
The Reserve Bank of Zimbabwe (RBZ) has officially suspended the sale of gold coins with effect from June 16, 2025, after clearing out the remaining stock through a final mop-up exercise. This move brings to a...
RBZ Resume Gold Coin Sales as bullion prices soar
The Reserve Bank of Zimbabwe (RBZ) has resumed the sale of its gold-backed Mosi-Oa-Tunya coins, reintroducing the program after a 10-month break amid soaring international gold prices.
By Ryan Chigoche
The RBZ initially launched the 22-carat coins in...
NEC Sets New Mining Industry Wage Rates for 2025
The National Employment Council (NEC) for the Mining Industry has released a new wage rates that will see minimum pay rates across all mining grades adjusted upward for the year 2025. The announcement follows successful negotiations...
Mining Revenue Generation Goes Beyond 3% Royalties
The mining sector in Zimbabwe is often misrepresented in public discourse, particularly when discussing its contribution to government revenue. While official figures from the Zimbabwe Revenue Authority (ZIMRA) indicate that mining royalties contribute just 3% of...
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