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Search results: Reserve Bank of Zimbabwe (RBZ)

Zim to introduce yet another currency, gold coins ignored?

The Reserve Bank of Zimbabwe (RBZ) has revealed its plans to introduce a gold-backed digital currency as legal tender to try and stabilize the Zimbabwean dollar. This decision comes as the country’s currency faces extreme volatility, with...

Mining industry rates of pay January – December 2023

This notice serves to bring to your attention that the following new minimum rates of pay for grades 1-13 were agreed upon and pegged in US Dollars by the Associated Mine Workers Union of Zimbabwe and...

Court releases diamonds in custody of RBZ after 13years

AIM-listed Vast Resources says the High Court of Zimbabwe has ordered the release of its 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010.In...

Gold deliveries reach the 2022 target

Gold deliveries to the country's sole gold buyer and exporter Fidelity Gold Refinery (FGR) achieved the 2022 projected target of 35 tonnes marking an 18.9 per cent increase from 29.7 tonnes delivered in 2021.Rudairo MapurangaThe increase...

NEC rates of pay for the Mining Industry Oct – Dec 2022

The National Employment Council (NEC) for the Mining Industry has published the new minimum rates of pay for grades 1-13 were agreed upon in dual currency (US Dollars & ZW Dollars) by the Associated Mine Workers...

$9 billion worth of gold coins sold

As the uptake of gold coins after their introduction midyear increases significantly, 35 per cent of the coins have been bought by individuals while 65 per cent have been bought by corporates including asset management and...

Zimplats dismisses Biti’s ‘Under Declarations, Slow Beneficiation’ claims

ZIMPLATS has dismissed former Finance minister, Tendai Biti's allegations that they were reluctant to build a refinery in a development which exposes the government to minerals under-declarations and revenue losses. Speaking in parliament recently the Citizens Coalition...

RBZ confident of reaching gold delivery target

The country’s central bank, the Reserve Bank of Zimbabwe (RBZ) is confident that its projected target of gold deliveries to Fidelity Gold Refinery (FGR) reaching its projected target of 35 tonnes is within reach. Rudairo Mapuranga Gold deliveries...

Mines Committee workshop on gold production value chain takes-off

The Parliamentary Portfolio Committee on Mines and Mining Development's all-stakeholder workshop on gold production value chain has taken off.The workshop will see input and participation from Mining institutions including the Portfolio Committee on Mines and Mining...

RBZ releasing 2000 more gold coins this week

After successfully selling 1500 gold coins in the first week of trading, the Reserve Bank of Zimbabwe (RBZ) has reported that it will release an additional 2000 Mosi Oa Tunya gold coins this week as the...

85% of gold coins bought in local currency

The Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling strong demand for the yellow metal currency...

Calls for RBZ to reduce gold coin mass

The Reserve Bank of Zimbabwe (RBZ) has been advised to consider reducing the mass of gold coins in order to cover some sections of the country’s population which might not be able to raise money to...

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