Search results: Reserve Bank of Zimbabwe (RBZ)

Artisanal and Small-scale Miners (ASM)'s contribution to the national fiscus particularly to the achievement of the US$4 Billion gold industry by 2023 continues on an upward trajectory compared to their counterparts in the large-scale sector as...

Zimbabwe’s yellow metal export receipts rose 7.6% to US$1.057bn by mid-November this year from US$982.3m during the same period last year due to improved gold deliveries.The year 2021 was a year of two halves where the...

BINDURA Nickel Corporation (BNC) says the 40% export retention and the depreciating Zimbabwe dollar triggered a loss of US$1,2 million during the half year ended September 30, 2021.Under the export retention scheme, companies are required by...

CALEDONIA Mining Corporation, the parent company for Blanket Mine, will debut trading on the Victoria Falls Stock Exchange (VFEX) on December 1, 2021, becoming the third listing on the USD-denominated bourse.The VFEX is a subsidiary of...

ZESA Holdings has threatened to switch off mining houses over a US$37 million legacy debt, which it blames for crippling the power utility’s operational efficiency. Vongai Mbara  Speaking during the recent launch of the 2021 Mining Industry Report...

The Reserve Bank of Zimbabwe (RBZ) has hailed the mining sector for contributing 78% out of the total foreign currency injections amid calls for the public to exercise discipline in avoiding exchange rate volatility. Vongai Mbara Addressing delegates...

INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said on Friday,...

As largely expected, Zimbabwe’s annual inflation rate fell to the lowest level in close to three years in August, but the scourge threatened to rear its ugly head again.The year-on-year inflation rate for the month of...

Small scale and artisanal miners continue to outshine large scale producers in gold deliveries to the country’s sole gold buyer and exporter, Fidelity Printers, and Refiners (FPR) contributing over 52% of the total deliveries during the...

Zimbabwe’s gold exports hit a record high of US$184.2m in July, mirroring the favourable Reserve Bank of Zimbabwe (RBZ)’s policies and improved commodity prices on the international markets.The export receipts reflected a 132% increase from US$79.3m...

Executive Director at Centre for Natural Resource Governance (CNRG) Farai Maguwu and MDC Alliance principal Tendai Biti has condemned the government's decision to sell Fidelity Printers and Refiners (FPR) without the consent of the parliament.By Shantel...

TEN companies will take control of Zimbabwe’s privatised gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, Finance minister Mthuli Ncube said on Thursday.This will be the first time that the refinery will be in...