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Search results: Reserve Bank of Zimbabwe (RBZ)
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...
Zim Gold Export Receipts Up 8.64% Amid Surging Global Gold Prices
Zimbabwe’s gold export earnings grew by 8.64% in the first two months of 2025, reaching US$240.1 million, up from US$221 million during the same period in 2024, according to official data from the Reserve Bank of...
Mining Sector Suffered US$800 Million Loss Following RBZ’s September ZIG Devaluation
The Zimbabwe mining sector, the country’s largest export earner, suffered a significant setback when the Reserve Bank of Zimbabwe (RBZ) decided to devalue the ZIG currency by 40% in September 2024, Mining Zimbabwe can report.By Ryan...
RBZ Wary of Subdued PGM Prices’ Impact on Export Earnings
The Reserve Bank of Zimbabwe (RBZ) is concerned about the anticipated decline in platinum group metal (PGM) prices in 2025, driven by slowing demand from the automotive sector as the shift to renewable energy accelerates.
By Rayan...
Can Miners Survive Another Blow? New 70% Forex Retention Policy Threatens the Sector
As Zimbabwe’s mining sector adjusts to the latest foreign currency retention policy changes, many miners are left questioning how they will manage to stay afloat under the new rules, Mining Zimbabwe can report.By Rudairo MapurangaThe Reserve...
The Future of ZiG: RBZ Quells Concerns Over Legal Status
The Reserve Bank of Zimbabwe (RBZ) has issued a public notice to clarify the legal status of the Zimbabwe Gold (ZiG) currency, addressing concerns raised by prominent lawyer Thabani Mpofu, Mining Zimbabwe reports.By Rudairo MapurangaMpofu had...
Drop 75/25 export surrender – National Competitive Commission tells RBZ
Miners have been given a glimpse of hope as the government-owned National Competitive Commission (NCC) has urged the government to abolish the export surrender requirement and implement policies that support exporters, who continue to suffer from...
Gold Miners Smile as Gold Prices Hit Record US$2,520 Per Ounce
Gold miners are smiling all the way to Fidelity Gold and Refinery (FGR) as gold prices today reached an unprecedented peak of US$2,520 per ounce, the highest on record.By Ryan ChigocheThis historic spike is largely attributed...
MMCZ Mulls Export Exemption Certificates for Gemstone Miners
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is actively pursuing the introduction of Exemption Certificates for gemstone exporters, a development that will provide semi-precious mineral miners with more market options while enabling the government to increase...
Women in Mat North Eager to Fully Utilize Bubi Gold Centre
Women under the Zimbabwe Miners Federation (ZMF) in Matabeleland North Province have vowed to restructure operations at the Bubi Gold Service Centre, which is currently "partially" operating.By Rudairo MapurangaSpeaking to Mining Zimbabwe, ZMF Matabeleland North Chairperson...
25% Forex Surrender is here to Stay – RBZ Governor
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has said that the 25% forex surrender requirement imposed on revenue generated from all mineral exports will remain in effect, emphasizing its crucial role in maintaining foreign...
ZiG hits Harare streets
The Reserve Bank of Zimbabwe (RBZ) began circulating the new Zimbabwe Gold (ZiG) banknotes this Tuesday, with individuals permitted to withdraw only ZiG3,000 per week and companies ZiG30,000 per week.Patricia RwafaOn April 5th, the new RBZ...
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