Search results: Reserve Bank of Zimbabwe (RBZ)

Delays in the proposed unbundling of Fidelity Printers and Refiners (FPR) has rattled investors who are now reluctant to fund gold projects without proper knowledge of the timelines of the privatisation processes, an executive with the...

THE Chamber of Mines of Zimbabwe (CoMZ) says engagements with the Government are ongoing to ensure mining houses receive sufficient foreign currency to meet their import requirements.The mining industry is one of the economic pillars expected...

Fidelity Printers and Refiners (FPR) general manager, Fradreck Kunaka, is leaving Zimbabwe’s sole buyer, refiner, and exporter of gold, at the end of this month after six years at the helm, a local publication revealed.Well-placed sources...

THERE are no compelling reasons yet for Zimbabwe to increase the number of gold authorised refiners because its bullion output still falls far short of the minimum thresholds required to sustain the profitability of multiple refinery...

Covid-19 containment strategies that were activated in different parts of the world have had very little if any effect on Zimbabwe’s march towards the US$12 billion mining industry target, Mines and Mining Development Deputy Minister Hon...

RioZim Limited has removed the cautionary statements it released in June and July stating the consequences of overdue gold payments, arguing that the commitment of the central bank was fruitful. By Shantel Chisango In a statement, RioZim informed...

Mining industry experts have warned that the sector will remain in the doldrums even after its executives gave it a clean bill of health in a Chamber of Mines of Zimbabwe (CoMZ) report released last week.The...

Reserve Bank of Zimbabwe (RBZ) Governor Doctor John Mangudya has applauded the mining sector for their input in the stabilization of the country’s economy through the foreign currency generated from exports despite the covid 19 challenges.By Shantel...

LAFARGE Cement Zimbabwe Limited is implementing a US$25 million capital expenditure programme expected to improve the company’s milling capacity and automating the Dry Mortar Mix (DMX) plant.A statement accompanying the cement manufacturing company’s financial results for...

The Reserve Bank of Zimbabwe (RBZ) has started clearing all outstanding payments due to small scale miners for the gold delivered to Fidelity Printers and Refiners (FPR) as it moves to ensure deliveries to official channels...

ARTISANAL and small-scale gold miners have said they will continue to work hand in glove with Fidelity Printers and Refiners (FPR) even though there had been delays in the issuance of remittances from the country’s sole...

The Reserve Bank of Zimbabwe (RBZ) governor Dr. J.P Mangudya has committed to settle the outstanding payments of gold submissions beginning next week.This was after he met with the Zimbabwe Miners Federation (ZMF) officials as they...