THE Reserve Bank of Zimbabwe (RBZ) says it now allows large-scale gold miners who deliver the yellow metal above the monthly average quantities to retain 80% of their forex earnings and directly.

ENERGY firm, Invictus Energy Limited (IEL) says its seismic contractor, Polaris Natural Resources Inc, for the Cabora Bassa Project has begun hiring staff to commence operations.

The Cabora Bassa Project started in late.

AUSTRALIA-LISTED mining group, Prospect Resources, has started lithium production at its newly developed Arcadia Mine under a pilot plant project.

The Arcadia lithium project is situated in Goromonzi near Harare. Prospect Resources recently.

Government policy is vital insofar as it permeates every aspect of daily life, therefore, how successfully policies are implemented is essential to the success of the economy.

Over the past week, Kuvimba Mining.

Better Brands Jewellery (BBJ), a local gold-buying agent, has delivered 1,39 tonnes of gold to Fidelity Printers and Refiners (FPR) so far this year, which eclipses cumulative deliveries by the small-scale mining.

Mining investment consortium, Chandiwana Mining Corporation, says it is constructing a processing plant at the Zvishavane-based Sabi Gold Mine as it moves to ramp up output.

Chandiwana is the majority shareholder in Sabi.

Zimbabwe gold deliveries fell 17% to 1.668 tonnes in May 2021 from 2.015 tonnes achieved in the prior comparative period owing to unfavourable policies and smuggling.

In April this year, gold deliveries declined.

Revenue from Zimbabwe’s platinum sector is expected to exceed US$3bn by the end of next year, driven by new projects that are expected to take off at the end of this year.

The Reserve Bank of Zimbabwe (RBZ) has slashed small scale miners’ royalties and the cost of importing cash as part of efforts to improve gold deliveries to Fidelity Printers and Refiners (FPR).