· The Tanzanian-born entrepreneur, who migrated to Zimbabwe in 1982 and is married to a Zimbabwean, is worried about the performance of his business. Mr Chohan's Pista Enterprises, which trades as Gold Products, was established in 2010 and has two divisions – a maize meal plant and a repackaging business for rice, flour, soya chunks, sugar ...
· "Results noted the underlying solution to be that whoever would want to buy gold should support the operations that lead to the production of that gold" The Institute for Sustainability Africa (INSAF) embarked on a research that aimed at developing a business strategy perspective on strengthening the gold mining value chain in Zimbabwe.
· B. Custom Millers and Elution Plant Owners: a. Current licence for the custom milling plant and/or elution plant issued by the Ministry of Mines and Mining Development. b. Current tax clearance certificate. N.B: All custom millers are Fidelity Printers and Refiners' gold buying agents in terms of SI 178 of 2005 section 3. January 2018
· THE Government is set to ban the use of stamp mills for gold processing in the country as a way of promoting environmentally friendly production and efficiency in the sub sector.
· ZIMBABWE THE 2014 MID-YEAR FISCAL POLICY REVIEW ... centres in the active gold buying areas throughout the country. ... has also licenced custom millers and elution plant owners as its gold buying ...
· Many people believe that the typical artisanal gold miner in Zimbabwe is a single, migratory man in his early 20s who has no education, gambles away his money, and is likely to contract HIV. But the picture of the miners who participated in this study is rather different.
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· This report is a preliminary investigation of Zimbabwe's illicit gold trade, covering activities for the three years from 2017 to 2019. The primary objective of this investigative report is to shed more light, and to offer a fresh perspective on the nature and extent of the illicit gold trade in Zimbabwe. The report attempts to
· Zimbabwe's largest daily newspaper. Africa Moyo Business Reporter FIDELITY Printers and Refiners (FPR) – a gold buying unit of the Reserve Bank – has embarked on gold mobilisation outreach ...
· In Zimbabwe all gold won from mining activities should be sold to FPR. FPR is the sole authorised gold buyer in the country. All large scale miners, …
· Southern Eye. -. April 14, 2014. 0. 41. FIDELITY Printers and Refiners, a unit of the Reserve Bank of Zimbabwe, has set at deadline of April 31 for all gold buying agents to register with buying centres as the Mines and Mining Development ministry would undertake site visits at all mills to monitor level of activity.
· In order to achieve this, we are planning on ensuring that millers are well resourced in order to be able to buy all the gold processed at their mills," he said. Mr Kunaka added that FPR could ask the Reserve Bank of Zimbabwe to investigate transactions of …
· When the settlers came to Zimbabwe in 1890, it was in pursuit of gold and they thought that this country could be another South Africa. Rhodes had almost lost the opportunity to mine gold in South Africa, believing the real wealth was in diamonds and only after the opportunity was exposed for all to see did he get into the game, but at great cost.
· organised by Government and the Reserve Bank of Zimbabwe. 34. Increased gold sales to Fidelity Printers and Refiners also benefitted from the designation of gold millers as buying agents. 13 35 ...
· Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from ...
· This gold is then sent over into Switzerland as an export," he said. Before the inception of the multicurrency regime in 2009, Fidelity Printers used to buy the precious metal from registered gold producers that included primary producers, small-scale miners and custom millers under a government support price facility.
· Gold Mining has attracted a number of both formal and informal Small Scale Mining Activities in Zimbabwe. However, not all of the above mentioned parties can directly sell there produce to Fidelity Printers and Refiners (The sole buyer of Gold in Zimbabwe) so this is when a gold buying agent comes in, buying gold low and selling it higher, the ...
· Compared to what millers procured last year, Musarara said: "It is a three-fold increase. We are happy with the current bumper harvest.". Musarara said millers had mobilised $20 billion (about US$238 million) under a pre-payment arrangement with the government to bankroll maize procurement by the GMB this selling season.
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· 46 of the Reserve Bank of Zimbabwe Act [Chapter 22:15] reviews the monetary policy measures pursued by the Bank since the last Statement and outlines the new monetary policy measures to be followed by the Bank in the second half of the year.
· EVERY DISTRICT OF ZIMBABWE HAS GOLD DEPOSISTS; GOLD PRICES ARE DETEMINED BY THE INTENATIONAL MARKET; For a prospective gold buyer, the criteria below must be satisfied before issuance of such gold buying agency permit: A. Non-Custom Millers or Elution Plant Owners. 1. Police clearance for individual buyers and for company …
· Source: Illegal gold dealers under investigation | The Sunday Mail February 4, 2018 Fidelity Printers and Refiners is investigating registered gold buying agents amid indications of rampant black market dealings which could be prejudicing Zimbabwe of millions of dollars.
· An official with the elution plant (name withheld) declined to comment adding that the matter was being handled by his lawyers. The unearthing of the suspected gold leakage scam is unlikely to be an isolated case as mineral leakages continue to plague Zimbabwe, costing the country millions of dollars in potential revenue.
· A gold buying agent is accredited by Fidelity Printers and Refiners (FPR), Zimbabwe's only sole buyer and exporter of the yellow metal. How to get a gold buying permit in Zimbabwe. For a prospective gold buyer, the criteria below must be satisfied before issuance of such gold buying agency permit: A. Non-Custom Millers or Elution Plant Owners. 1.
· A gold buying permit in Zimbabwe is issued by Fidelity Printers and Refiners (FPR). To get a gold buying permit visit FPR. An interview will be scheduled and in the interview, one should be prepared to commit to gold quantities they are able to buy per month. It is a must that this target is met. Licenses are issued on a monthly basis and ...
· Zimbabwe's government says China has poured millions of dollars into the gold-mining industry, but it's nearly impossible to tell whether that money makes its way to miners. Even so, the lure of Chinese-funded grants and loans has …
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