Fidelity Printers and Refiners

  • Business Briefs

    Tagwirei eyes big money by controlling RBZ’s Fidelity Printers

    Business kingpin Kudakwashe Tagwirei, under United States sanctions since August, aims to expand his commanding stake in Zimbabwe’s gold industry – and could end up taking control of the country’s sole gold refinery and marketer, Africa Confidential understands. President Emmerson Mnangagwa and Reserve Bank governor John Mangudya are working on a plan to break up Fidelity Printers and Refiners, the arm of the central bank that is officially the…

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  • Business Briefs

    Zimbabwe gold output falls by over 30% in 2020

    GOLD sales to Zimbabwe’s sole buyer and exporter of bullion Fidelity Printers and Refiners (FPR) fell 31% to 19 tonnes last year after lower deliveries from small-scale miners, official data showed on Monday. FPR pays U.S. dollars in cash to small-scale gold miners, but a shortage of hard cash caused delays in payments most of last year. That forced many…

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  • Business Briefs

    Zimbabwe mineral exports exceed target

    ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe’s mineral exports exceed the projected numbers for the 11 months of 2020 by 29,4%, according to latest figures. The Minerals Marketing Corporation of Zimbabwe (MMCZ) revealed that cumulative mineral exports, excluding gold which falls under the Reserve Bank…

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