Search results: Reserve Bank of Zimbabwe (RBZ)

In order to fully support the recently devalued Zimbabwe Gold ( ZWG) currency analysts have implored the authorities to shore up the reserves as the current gold reserves of 2.5 tonnes are not sufficient to fully back the...

Zimbabwe’s mining sector is a critical contributor to the country's economy, with the government pushing to ensure the sector contributes significantly towards the achievement of Vision 2030, where Zimbabwe is expected to become an upper-middle-income economy...

A report by SWISSAID, titled "On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows," suggests that over 55 tonnes of gold produced by Artisanal and Small-scale Miners (ASM) in 2022 in...

Zimbabwe has a total of 2.5 tonnes of gold reserves ahead of the launch of the country's new currency, which will be backed by the nation's gold reserves.President Emmerson Mnangagwa yesterday toured the Reserve Bank of...

Discontent has erupted among employees at Prospect Lithium Zimbabwe (PLZ)’s Arcadia Mine who will not be receiving their salaries after the Reserve Bank of Zimbabwe (RBZ) reportedly froze its bank accounts. PLZ is a Chinese-run multi-million open-pit lithium mining company...

On 4 May 2023, Mining Zimbabwe reported that Caledonia Mining Corporation Plc has commenced the direct sale of gold produced from the Blanket Mine to a refiner outside Zimbabwe.By James Tsabora (PhD) & Reginald Mutero (LLM)This...

The Reserve Bank of Zimbabwe (RBZ) in 2022 introduced Mosi-Oa-Tunya gold coins to alleviate the demand for the US dollar, stabilize the exchange rate of the Zimbabwean dollar, and control the rising inflation.The substantial increase in...

The mining industry in Zimbabwe plays a significant role in the development of the country as it brings in foreign currency, contributes to government revenue and provides for infrastructure development.Dumisani NyoniSince 2009, the mining sector has...

A report by the International Crisis Group last year estimated that cash-strapped Zimbabwe is losing at least US$1.5 billion annually through the smuggling of gold, mainly to traders in Dubai and South Africa.By Dumisani NyoniThe figure...

The year 2020 was a difficult year for both large producers and small scale miners due to falling commodity prices as well as the impact of the COVID-19 pandemic which ravaged the entire globe.Mostly affected in...

Zimbabwe is reportedly losing more than US$100 million a month through gold smuggling, according to Home Affairs Minister Kazembe Kazembe.The government has been, for eons, trying to fight gold leakages but with little success. This article will...

ZIMBABWE is a host of 60 different types of minerals, 40 of which have been historically exploited to various extents.By Dumisani NyoniHowever, production since 2000 has been dominated by about ten minerals which are gold, platinum,...