Home News Artisanal miners scale up gold deliveries to RBZ

Artisanal miners scale up gold deliveries to RBZ

by Bustop TV News

By Romio Takundwa

The Reserve Bank of Zimbabwe Governor, John Mangudya has said there has been a sharp increase in gold deliveries to Fidelity Printers and Refiners from small scale miners in June as compared to May 2021.

Fidelity Printers and Refiners is the central bank’s subsidiary which is the country’s sole gold buyer and refiner.

Mangudya was speaking before the Parliamentary Portfolio Committee on Environment, Climate and Tourism.

According to the RBZ governor deliveries for June stood at 1 798,8/kg compared to 783/kg in May.

He added that government is working on passing into law a Statutory Instrument to facilitate registration of artisanal miners to curb illegal mining, promote formalisation and traceability of gold from artisanal and small-scale miners.

“Traceability will be done through capturing biometric data of miners and issuance of registration numbers for enhanced monitoring,” he said.

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