Tag: Reserve Bank of Zimbabwe (RBZ)
The country’s biggest Platinum Group Metal (PGM) producer, Zimplats, has reported a staggering 96% decline in profits for the fiscal year ending September 30, 2024, Mining Zimbabwe can confirm.By Rudairo MapurangaThe company's profit after tax plummeted...
Kuvimba Mining House (KMH) board chairman Mr Justin Mupamhanga has passed away.In a statement, KMH announced the sad news describing Mupamhanga as a visionary leader, an advocate for excellence and a guiding light to the Conglomerate.More...
Zim introduces another new currency, the”ZiG”
The new Reserve Bank of Zimbabwe (RBZ) governor Dr John Mushayavanhu today unveiled the new structured currency, the "ZiG".Patricia RwafaAddressing the country, Mushayavanhu said...
RBZ Forecasts 5% Economic Growth, Due to Lithium Investments
Despite recent monetary challenges experienced in the country, the Reserve Bank of Zimbabwe (RBZ) through its midterm monetary policy statement has projected robust economic...
BREAKING: Miners to now remit royalties to ZIMRA
The Zimbabwe Revenue Authority (ZIMRA) has advised miners and Mining companies to cease with immediate effect, remitting mining royalties to the Reserve Bank of...
Gold Economy: 10 Advantages of Using Gold Coins in Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) in 2022 introduced Mosi-Oa-Tunya gold coins to alleviate the demand for the US dollar, stabilize the exchange rate...
Issue of escrow shares in the acquisition of the Bilboes gold project
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) has recently received a notice to issue the Escrow Shares, which were withheld...
Court releases diamonds in custody of RBZ after 13years
AIM-listed Vast Resources says the High Court of Zimbabwe has ordered the release of its 129 400 carats of rough diamonds, which have been...
Gold deliveries reach the 2022 target
Gold deliveries to the country's sole gold buyer and exporter Fidelity Gold Refinery (FGR) achieved the 2022 projected target of 35 tonnes marking an...
$9 billion worth of gold coins sold
As the uptake of gold coins after their introduction midyear increases significantly, 35 per cent of the coins have been bought by individuals while...
Zimplats dismisses Biti’s ‘Under Declarations, Slow Beneficiation’ claims
ZIMPLATS has dismissed former Finance minister, Tendai Biti's allegations that they were reluctant to build a refinery in a development which exposes the government...
RBZ confident of reaching gold delivery target
The country’s central bank, the Reserve Bank of Zimbabwe (RBZ) is confident that its projected target of gold deliveries to Fidelity Gold Refinery (FGR)...
Calls for RBZ to reduce gold coin mass
The Reserve Bank of Zimbabwe (RBZ) has been advised to consider reducing the mass of gold coins in order to cover some sections of...
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...
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