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CBZ and Ecobank cash leaks simply solved

With the new introduction of new versions of $2 coins the country expected some form of failure and disappointment as it usually is and already we have witnessed individuals caught with cash amounting to over $44...

Police Arrest Six “Mashurugwi” In Mazowe, Gunshot Fired To Disperse Crowd

There was a near-death experience for illegal miners at Jumbo mine in Mazowe yesterday after a gang of six machete-wielding thugs, known as Mashurugwi threatened to go on a rampage before being whisked away by the police.The police...

Miners not affected by the New SI Instrument

IT is business as usual for miners as their payment system is not affected by the recently introduced SI213 of 2019.This past Saturday government introduces a law that pricing of goods and services in foreign currency...

SI213 of 2019 effects on Miners and Suppliers

ON Saturday the whole nation woke up to the news that pricing of goods and services in foreign currency is now illegal and heavy penalties will be imposed to defaulters. This comes after Statutory Instrument, SI212...

“MaShurugwi” run for their lives in Bindura and Glendale

Houses property destroyed Youth claim to be protecting the Defenceless 12 arrestedZANU-PF youths in Mashonaland Central province went on the rampage last week, destroying property as they clashed with artisanal miners in Glendale and Bindura.WATCH:https://www.youtube.com/watch?v=9kSxdJ8JRFU&feature=youtu.beOn...

An open market for gemstone trading

 The government of Zimbabwe should work on the liberalisation of gemstone trading by creating an open market for stone buyers. The Chairperson of the Norton Miners Association who is also the sole registered gemstone buyer in...

Fidelity needs to up its game

The country's legal gold buyer and exporter Fidelity Printers and Refineries’ gold buying prices are unarguably becoming competitive in the market, however, it is failing to attract more artisanal miners on board due to different reasons...

Solution to Ecocash agent rip-off

Cash shortages have now made ecocash a fertile ground for ripping off Miners and Zimbabweans in general seeking hard cash for different uses.Ecocash Agents are now charging an illegal fee of as much as 40% to...

Gold prices set to increase , ASM liberalisation for more Fidelity deliveries

Goldman Sachs group has predicted that, gold prices will hit $1. 575 in 3 months and $1. 600 in 6 months from $1.500 per ounce.  According to Norton legislator Hon Temba Mliswa, the government needs to...

Advantages of the updated RBZ Exchange Control Regulations to the Chrome Producer / Miner:

1 Chrome Producers / Miners have a clearly defined payment structure which enables them to receive the much needed foreign currency earnings.Chrome Producers wishing to receive payments in foreign currency from chrome buyers are required to...

Persecuting artisanal miners is biting the hand that’s feeds us

Chegutu West member of Parliament Dexter Nduna has called on the government to legalise the informal mining sector in order to boost deliveries to the country's sole gold buyer and exporter Fidelity Printers and Refiners (FPR)...

100 percent forex retention to gold miners bad for the economy

The government gazetted on the 24th of June 2019 the Statutory Instrument 142 of 2019 in which banned the use of foreign currency for any transactions within Zimbabwe. However, miners were exempted from the policy citing...

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