Tag: gold
The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has escalated its calls for urgent government intervention to address the worsening humanitarian crisis faced by RioZim employees, who have gone without salaries for five months, Mining...
The Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has reported a net foreign exchange loss of US$9.7 million in 2024, up from US$6.8 million the previous year, marking a 30% increase. The rise in these losses...
Nine ways Zimbabwe can increase gold submissions
The government last year launched a strategic roadmap to the achievement of a US$12 billion mining industry by 2023 as it ramps up efforts...
Gold price hike: A closer look
Zimbabwe's mining industry is regarded as one of the major economic centrepieces with the sector exponentially contributing to the Gross Domestic Product through foreign...
Eight reasons why gold forex retention should be revised upwards
THE Reserve Bank of Zimbabwe (RBZ), through its February 2019 monetary policy statement, reduced the 70/30% gold retention threshold to 55/45% for all miners,...
Gold prices fall
Gold futures fell from a four-week high as a promising study for an experimental coronavirus vaccine curbed demand for the metal as a haven.Moderna...
Ten most mined minerals in Zimbabwe
ZIMBABWE is a host of 60 different types of minerals, 40 of which have been historically exploited to various extents.By Dumisani NyoniHowever, production since...
ZELA urges Fidelity to buy gold in US$
The Zimbabwe Environmental Law Association has called for the elimination of gold trade distortions that have persisted during the Coronavirus lockdown, to improve revenue...
Gold softens as trade deal signs boost equities, dollar
Gold prices eased on today and were hovering close to a two-week low touched in the previous session as increasing signals that an interim...
Africa loses billions worthy of gold to Dubai through smuggling
Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East —...
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