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

By: Oscar Nkala 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 revive their operations in the country within months. 

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

By: Oscar Nkala 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 the nonpayment of royalties owed to the mining... 

Unsolicited bids pour in for Metallon’s troubled gold mines

By: Barnabas Thondhlana Corporate vultures are circling Metallon Gold Zimbabwe, which has suspended operations at its five mines owing to mounting liquidity problems. 

Gold producers appeal to Mugabe over delayed payments

By: Oscar Nkala 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 bank since March. 

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

By: Oscar Nkala 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. 

Zimbabwe's central bank raises gold support price, reduces

By: Barnabas Thondhlana 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%. 

Zimbabwe unlikely to alter price paid to gold producers

By: Neal Goldwyer 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 unprofitable business. 


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