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Search results: Reserve Bank of Zimbabwe (RBZ)

Gold coins: Mthuli summoned to Senate

Vice President of the Senate Mike Nyambuya has summoned Finance minister Mthuli Ncube to Parliament to present a ministerial statement explaining how gold coins will stop the country’s economic haemorrhage.This is after the leader of government...

Does the introduction of gold coins violate the gold trade Act Chapter 21:03?

Since the government announced the introduction of gold coins many in the mining sector and the country at large conjectured if the Reserve Bank of Zimbabwe (RBZ) was not violating the gold trade act Chapter 21:03...

Gold coins: while some say its a milestone, financial expert foresees disaster

On the 27th of June 2022, the finance ministry announced that Zimbabwe was introducing Gold coins saying it was a more stable and a much more trustworthy way to store value.After posting the topical story our...

Zim introduces gold coins

The Reserve Bank of Zimbabwe (RBZ) on today announced the introduction of gold coins into the market as a store of value.In a statement following a meeting of the bank's Monetary Policy Committee (MPC) on June...

Govt moves to plug mineral smuggling

GOVERNMENT has set up an inter-ministerial team to oversee the improvement of security systems at ports of entry to curb mineral smuggling, Mines and Mining Development deputy minister Polite Kambamura has said.A 2019 report by the...

Bling dealer ships out US$330m goods

A CONTROVERSIAL firm that produces bling products for domestic and international markets has shaken Zimbabwe’s export market, outsmarting big brands in the past four years, central bank data showed yesterday.Suzan General Trading, which exports jewellery products...

Mines bill to deal with organized crime in mining

The amendment of the Mines and Minerals Act will deal with organized cartels that have been involved in illicit financial flow and smuggling of minerals from the country, Chairperson of the Parliamentary Portfolio Committee on Mines...

Q1 gold export receipts up 123 percent

It came after gold deliveries   for the period under review jumped 92% to 7.695 tonnes from 4.016 tonnes in the comparable period.The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya told Business Times that the spike in international gold...

Parly Mines Committee 2nd day gold enquiry – Fidelity Gold Refinery

Yesterday the Edmond Mkaratigwa led Parliamentary Portfolio Committee on Mines and Mining Development was on its second day of the enquiry into the gold mining sector for the year 2022.Rudairo MapurangaThe Parly Mines Committee has been...

Govt to stimulate gold production

Government has put in place a host of measures to boost gold production starting this year as it angles the sector to contribute significantly towards the attainment of national vision 2030, Mines and Mining Development Minister...

Miners more bullish, but these need to be addressed

MINING companies are more bullish of prospects this year as compared to 2021, raising expectations of another robust performance from the sector.However, they say they are losing half the value of the portion of export earnings...

Young miners partner consultancy to boost production capacities

YOUNG Miners Foundation (YMF) has partnered with Bulawayo based KBM Consultancy, a mining and metallurgical consulting company as part of efforts to assist young small-scale miners formalise their operations and grow their enterprises to medium scale.Formalisation...

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