How Zimbabwe uses gold smuggling to evade sanctions …
Zimbabwe's government is using smuggling gangs to sell gold worth hundreds of millions of dollars, skirting some of the consequences of tough Western sanctions imposed on the country over human ...
Zimbabwe launches new gold-backed currency
Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the ...
Zimbabwe introduces new gold-backed currency to tackle …
Zimbabwe's central bank has launched a new "structured currency" backed by gold, as it seeks to tackle sky-high inflation and stabilise the country's long-floundering economy. The new ...
Zimbabwe launches gold coins as legal tender to tackle
According to the International Monetary Fund, inflation in Zimbabwe reached 837% (year on year) in July 2020 and, although tighter fiscal policy helped reduce it to 60.7% by the end of last year ...
Gold production takes a knock, small miners still dominant
PressReader. Catalog; For You; The Herald (Zimbabwe) Gold production takes a knock, small miners still dominant - Business Reporter . ZIMBABWE'S gold deliveries declined by 14,7 percent last year to 30,1 tonnes compared to a record high of 35,3 tonnes realised in 2022 official figures show but small scale miners still …
Zimbabwe sells millions of gold-backed crypto tokens
The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean dollars' worth of gold-backed digital tokens — worth around $39 million — despite a warning from the International Monetary Fund ...
Zimbabwe introduces gold coins in an effort to tame …
Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country's unstable currency. The unprecedented move was announced Monday by ...
Caledonia explores funding options to build Zimbabwe's …
HARARE, Oct 19 (Reuters) – Caledonia Mining Corp is exploring options to raise $250 million needed to develop its Bilboes project into what could be Zimbabwe's …
Zimbabwe's gold production up as new mines begin …
Gold deliveries for the first ten months of 2021 totalled 22 tonnes, up from 16 tonnes in the same period last year, according to numbers released this week by Fidelity …
Zimbabwe's new gold-backed currency, the ZiG, is on a roll
Backed by gold and foreign currencies, Zimbabwe's fledgling currency has steadily risen in its debut week of trading, with an outsize gain on Thursday. After launching on Monday at $13.56 to the ...
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Mining Index Provides mining news and detailed, relevant information on mining in Zimbabwe focusing on local news, environment, investment, mining concessions, …
Zimbabwe
BBC News, Harare. Shingai Nyoka/BBC. Zimbabwe's central bank governor John Mushayavanhu shows off the new currency. Zimbabwe has introduced a new gold-backed currency called ZiG. Central bank ...
Six secrets uncovered by Al Jazee ra's Gold Mafia investigation
A four-part investigation by Al Jazeera's Investigative Unit (I-Unit) has revealed a series of gold smuggling gangs in Southern Africa that help criminals launder hundreds of millions of dollars ...
Investors excited by Zimbabwe plan to mint gold …
A shopper displays a five hundred million dollar Zimbabwean bank note June 29, 2008 in Bulawayo, Zimbabwe[File: John Moore/Getty Images)
Zimbabwe to introduce gold coins as local …
Tue 5 Jul 2022 10.17 EDT. First published on Tue 5 Jul 2022 03.26 EDT. Zimbabwe will start issuing gold coins as legal tender in late July, its central bank has said, as the country battles to ...
Zimbabwe debuts gold coins as legal tender to stem inflation | AP News
By Farai Mutsaka. Published 7:18 AM PDT, July 25, 2022. HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country's unstable currency. The unprecedented move was announced Monday by the country's central bank, the …
Zimbabwe: A Gold Mining Boom Amid Rapid Agrarian Change
The history of gold mining and processing in Zimbabwe predates the colonial occupation by Cecil John Rhodes' British South Africa Company (BSAC) in 1890 …
Zimbabwe gold: new entrant, new strategy, new …
The formal gold mining sector in Zimbabwe is really dominated by one mining player – Caledonia Mining Corporation. ... Local News Zimbabwe gold: new entrant, new strategy, new potential. …
Zimbabwe to mint gold coins to tackle rising prices
Zimbabwe to mint gold coins to tackle rising prices. 6 July 2022. Getty Images. Zimbabwe says it will introduce gold coins later this month as it tries to curb soaring inflation amid a slump in ...
Key Mining projects and plant upgrades in Zimbabwe
The Central Shaft project commenced in 2015 with the objectives to increase production to 80,000 ounces of gold per annum, reduce operating costs and allow for further exploration to extend the life of mine beyond 2024. The Central Shaft is one of the deepest shafts in Zimbabwe, with a depth of 1,200 metres from the surface.
Zimbabwe Will Attempt to Establish Gold-Backed Currency
Print. Harare, Zimbabwe —. Zimbabwe's government said Monday it is introducing a gold-backed currency to replace the country's nearly worthless dollar, which most businesses have shunned ...
New Dawn commissions first gold stamp mill | The Sunday News
They are meant for the gold artisanal miners that we gave mining tributes and all mined gold ores will come to the stamp mills for processing," said Mr Saunders. Last year the Mines and Mining Development Minister, Walter Chidhakwa, and his Deputy Fred Moyo visited the Shurugwi project as it is the first pilot project between Zimbabwe …
Zimbabwe's gold deposits under-explored: official
The Zimbabwean government has earmarked the mining sector to reach a 12 billion U.S. dollar market value by 2023, with gold expected to contribute about 4 billion dollars. Zimbabwe sees the mining sector as the main driver for the economy. Gold is one of the country's major foreign currency earners, along with platinum and tobacco.
Zimbabwe Gold exports near US$2 billion in 2021
Caledonia Q4 output up 24%. Zimbabwe's gold exports rose 42% last year raking in US$1.7bn compared to US$1.2bn earned in the previous year on the back of increased output and firming prices, the central bank has said. "The country's gold export receipts have gone up 42% to US$1.7bn during 2021 from US$1.2bn earned during 2020 …
GOOD NEWS: Zimbabwe's strong gold holdings and cash …
ZIMBABWE has 2,5 tonnes of gold and US$300 million in cash reserves, placing it in good stead to introduce a new structured currency. Of the gold, 1,5 tonnes is held in the Reserve Bank of Zimbabwe (RBZ) vaults while one tonne is held offshore. The revelation comes as the new RBZ Governor Dr John Mushayavanhu
National – ZimEye
National Tshabangu TikTok Account Suspended (Timothy Ncube) for Posting Anti-Chamisa Hate Speech - 21 April, 2024
Home | Mining Index News
Mining Index Provides mining news and detailed, relevant information on mining in Zimbabwe focusing on local news, environment, investment, mining concessions, mineral processing, construction, tenders and stock markets specifically on mining counters. ... GOLD MINE WANTED TO BUY IN ZIMBABWE; December 1, 2019 Vast Resources …
Musimboti manufactures hammer mill for small-scale …
The gold ore especially from this region is very hard but we have designed the machine to handle it," said Mr Zimunya. A hammer mill is a mill whose purpose is to shred or crush aggregate material into smaller pieces by the repeated blows of little hammers. ... Zimbabwe Miners' Federation chief executive officer Mr Wellington …
Six dead and 15 trapped in Zimbabwe gold mine collapse
Six people have died and 15 others are trapped, after a mine shaft collapsed in Zimbabwe, state media report. The collapse of Bay Horse gold mine in Chegutu, 100km (62 miles) west of the capital ...
Zimbabwe gold output declines 15% amid electricity, forex …
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.