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Zim's new bullion marketing policy well received by beleaguered gold-mining sector

Stakeholders in Zimbabwe’s ailing gold-mining industry have warmed to the recent bullion marketing policy changes announced by the Reserve Bank of Zimbabwe, with UK-based Mwana Africa and Canada- based New Dawn Mining indicating that they may...
27th February 2009

Gold-miners' plight set to continue as Mugabe ignores payment appeal

The Zimbabwe Chamber of Mines has predicted more gloom for the country’s mining sector, amid reports that President Robert Mugabe has simply ignored a direct appeal from gold-miners for his intervention in settling the long-standing dispute over...
16th January 2009

Unsolicited bids pour in for Metallon’s troubled gold mines

Corporate vultures are circling Metallon Gold Zimbabwe, which has suspended operations at its five mines owing to mounting liquidity problems.
28th November 2008

Gold producers appeal to Mugabe over delayed payments

Gold-mining companies represented by the Zimbabwe Chamber of Mines have written to President Robert Mugabe, appealing to him to force the Reserve Bank of Zimbabwe (RBZ) to pay OUT theS$25-million it owes them for gold bullion delivered to the...
17th October 2008

Zimbabwe's Falcon Gold on trial soon for alleged Gold Act contraventions

Falcon Gold Zimbabwe, one of the country's leading gold producers, and two of its employees, will soon go on trial in Bulawayo on allegations of contravening sections of the Gold Trade Act.
7th March 2008

Zimbabwe's central bank raises gold support price, reduces

THE Reserve Bank of Zimbabwe (RBZ) has raised the gold support price by 2 178% from $16 000 to $350 000 a gram, but has reduced producers� foreign currency retention levels from 67,5% to 60%.
11th May 2007
News This Week

Zimbabwe unlikely to alter price paid to gold producers

In an economy fraught with hyperinflation, outstanding payments to gold producers running to millions of US dollars and controlled gold prices set by government for the domestic bullion trade, gold mining in Zimbabwe is a trying and often...
4th May 2007
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