Search results: gold prices

The Reserve Bank of Zimbabwe (RBZ) has slashed small scale miners’ royalties and the cost of importing cash as part of efforts to improve gold deliveries to Fidelity Printers and Refiners (FPR) and stem the smuggling...

The National Gold Buyers Association (NGBA) an affiliate of the Zimbabwe Miners Federation (ZMF) through its chairperson Mr Pedzisai Scott Sakupwanya has pledged to deliver 37 tonnes of gold to the country’s sole gold buyer and...

THERE is a need to come up with urgent lasting solutions towards addressing the problem of gold leakages, which continues to prejudice the economy of millions of dollars.The Parliamentary Portfolio Committee on Mines and Mineral Development...

ZIMBABWE’S total gold production in the first quarter of the year declined by 30 percent to 4,3 tonnes compared to 6,1 tonnes in the same period last year.The yellow metal is one of Zimbabwe’s major foreign...

THE spike in gold smuggling cases in Zimbabwe is worrisome. Gold smuggling has compounded the country’s economic woes, frustrating government efforts to leverage on its abundant mineral resources.The country is said to be losing an average...

MINES and Mining Development Minister, Winston Chitando, says the target of producing 100 tonnes of gold is achievable but producers need improved access to alternative sources of financing such as loans.As the Government drives towards the...

Zimbabwe’s gold export receipts have plunged 35% to US$78.4m in May from US$120m achieved in the prior comparative period as the yellow metal deliveries to the country’s sole buyer and marketer, Fidelity Printers and Refiners dropped.While...

Cryptocurrencies are an alternative to copper — not gold — when it comes to hedging against inflation, according to Jeff Currie, global head of commodities research at Goldman Sachs.Inflation is rising as the global economy recovers...

South African miner Harmony Gold on Tuesday reported a jump in third-quarter core profit, boosted by higher output and a strong gold price, positioning the miner to pursue growth. Firmer bullion prices have helped miners’ profits soar...

The value of Zimbabwe’s gold export receipts jumped by more than half to US$97.06m in April 2021 from US$63.42m reported in the same period last year due to improved bullion deliveries and firming prices on the...

ZIMBABWE’S mining industry says chrome sector growth continues to be undermined by poor prices offered by buyers.Ferrochrome exports form a significant part of minerals that Zimbabwe trades on the international markets every year.Although the country is...

Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that...