image

CONSTED is a leading and pioneering enterprise with the most advanced international level in R&D, manufacturing and selling of large-scale crushing & screening plants , industrial milling equipments and beneficiation plants.

contact info

social networks

Zimbabwe sells gold refinery Fidelity Printers and ...

ZIMBABWE – A total of ten companies will take control of Zimbabwe's privatized gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, the country's Finance minister Mthuli Ncube has said, reports Newsday. This will be

Mining in Africa and beyond: Tracking the great gold rush

Similarly, in Southern Africa gold smuggling is depriving state treasuries of substantial revenue, while criminal gangs and rogue officials control the trade. Over the past two years, gold has become Zimbabwe's biggest export: formal sales are valued at $1.4bn but smuggled gold could be worth twice as much.

Zimbabwe sells gold refinery stake for $49m - Africa Briefing

TEN companies have agreed to pay $49 million to acquire 60 percent of Zimbabwe's sole gold refiner and exporter, now owned by the central bank, finance minister, Mthuli Ncube, said. The central bank announced in January that it would unbundle its gold refining and printing unit, Fidelity Printers and Refiners (FPR), into two separate companies …

Zimbabwe sells gold refinery Fidelity Printers and ...

ZIMBABWE – A total of ten companies will take control of Zimbabwe's privatized gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, the country's Finance minister Mthuli Ncube has said, reports Newsday.. This will be the first time that the refinery will be in private hands since it was established in 1988.

Zim sells gold refinery for US$49m - Mining Zimbabwe

Zim sells gold refinery for US$49m. August 3, 2021. TEN companies will take control of Zimbabwe's privatised gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, Finance minister Mthuli Ncube said on Thursday. This will be the first time that the refinery will be in private hands since it was established in 1988.

Zimbabwe losing $1.5 billion gold a year to smuggling ...

Over 14 gold bars at the centre of the smuggling scandal that engulfed the First Family are believed to have been stolen from the vaults of the state-owned refinery Fidelity Printers and Refiners.

Zimbabwe losing $1.5-bln gold a year to smuggling ― Report

A report published Tuesday by a global research group estimated that cash-strapped Zimbabwe is losing at least $1.5 billion a year through the smuggling of gold, mainly to traders in Dubai.

COLUMN | Zimbabwe's refinery privatisation: Whose gold is ...

ALSO READ: Zimbabwe sells gold refinery to group of miners for US$49m. What has however been in the public domain about gold has been stories and allegations of gold smuggling, even most astoundingly at our own international airports. So the narrative is one of cartels and shady operations about gold.

Zimbabwe: Losing millions from illicit gold mining trade

Inside Zimbabwe's illicit gold mining trade. The Ministry of Finance says it has been losing about $1.8bn of mineral revenues; especially from gold smuggling. Kazembe Kazembe, the Minister of Home Affairs, said Zimbabwe has been losing some $100m worth of gold every month through international smuggling rings and the country's porous borders.

Islamic terrorists threaten bloody war on Zimbabwe

Zimbabwe has not deployed the Zimbabwe Defence Forces(ZDF) in Mozambique. — Nick Mangwana ... State Gold refinery to be ready by November this year – …

Zimbabwe - Mining and Minerals

Fidelity Gold Refinery to Privatise. There's been a lot of talk about privatisation of state-owned entities over the last 2 years in earnest in Zimbabwe but it has counted for nought until now. The Reserve Bank of Zimbabwe published a circular to inform the public of its disposal of Tull Coal limited and the privatisation of gold refinery ...

Finance Minister Mthuli Ncube sells Zimbabwe's gold ...

Ten gold producers have agreed to buy 60 percent shareholding in Fidelity Printers and Refiners, an arm of the Reserve Bank of Zimbabwe (RBZ), for US$49 million, Finance and Economic Development Minister Professor Mthuli Ncube has said.. It is estimated that gold worth millions of United States dollars is being smuggled out of the country every month as producers and dealers search for …

Zimbabwe - Mining and Minerals

Zimbabwe's top minerals include gold, platinum, chrome, coal, diamonds, and lithium. Exploration of possible oil and gas deposits in Muzarabani in 2018 is scheduled to begin in early 2022. Mining activities were largely depressed in 2020 compared to 2019 due largely to COVID-19 induced lockdowns, both domestically and globally.

Fidelity Printers and Refinery - Wikipedia

1000. Website. .co .zw. Fidelity Printers and Refinery is a security printing and gold refinery company wholly owned by the Reserve Bank of Zimbabwe established in 1966. FPR operates from a printing and gold refinery plant located in Msasa Industrial area in …

Gold news - Could Zimbabwe be about to regain its LBMA ...

They were responsible for all of Zimbabwe's refining and took 7.5% of the gold produced as payment. With the rapid decline in Zimbabwe's economy since 2000, and hyperinflation running riot, gold mining and output shrunk significantly, resulting in the expulsion of Fidelity Printers and Refiners from the London Bullion Market Association on ...

Zimbabwe's refinery privatisation: Whose gold is it anyway ...

The government of Zimbabwe has decided to privatise its gold refinery, Fidelity Printers and Refineries. ... The government of Zimbabwe has decided to privatise its gold refinery, Fidelity Printers and Refineries. ... In the latter they expand a one party state …

Government gives up gold refinery to private miners - newZWire

December 16, 2020. Reserve Bank of Zimbabwe is ceding control of the refinery of gold, offering mining companies 60% of the refining business of Fidelity Printers & Refiners (FPR). RBZ is splitting FPR into two entities, keeping the coin minting and security printing arm, but keeping 40% of the gold refinery side while miners gain control.

Cash-strapped Zimbabwe losing $1.5bn gold a year to ...

HARARE - A report by a global research group estimated that cash-strapped Zimbabwe is losing at least $1.5-billion a year through the smuggling of gold, mainly to traders in Dubai. The figure is ...

Zimbabwe to unbundle its gold refinery, sell majority ...

Zimbabwe's central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday. Reserve Bank of Zimbabwe's Fidelity Printers and Refiners (FPR) is the sole buyer, refiner and exporter of gold in the country ...

Tagwirei's hold on gold | Article | Africa Confidential

After buying more mines and banks, the mogul could become the country's top gold buyer. 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 …

Zim sells gold refinery for US$49m - NewsDay Zimbabwe

Zim sells gold refinery for US$49m. TEN companies will take control of Zimbabwe's privatised gold refinery, Fidelity Printers and Refiners (FPR), for …

GOLD BUYING - Official Fidelity Printers and Refiners Gold ...

Mining Zimbabwe – our core focus is the Zimbabwe Mining Industry, Zimbabwe Mining News, trends, new technologies being developed and used to improve this crucial sector, as well as new opportunities and investments arising from it. Telephone: 0242 777728 VOIP: +263 8644 276 585

Zimbabwe privatises gold refinery for US$49m – M i N M E T

Zimbabwe privatises gold refinery for US$49m. Ten companies will take control of Zimbabwe's privatised gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, Finance minister Mthuli Ncube said last week. This will be the first time that the refinery will be in private hands since it was established in 1988.

Zimbabwe to sell stake in gold refinery for $49m - NS Energy

Zimbabwe's Finance Minister announced that ten companies have agreed to buy stake in the country's only gold refiner and exporter for $49%. The companies will acquire 60% in the refinery, which is owned by the central bank, said Mthuli Ncube. Ncube was quoted by Reuters as saying: "Ten shareholders have so far accepted to take ...

Zimbabwe plans to sell stake in gold refinery for $49m

Ten firms agree to buy 60% stake in Zimbabwe's only gold refiner for $49m. 30 Jul 2021 (Last Updated July 30th, 2021 10:00) Fidelity Gold Refinery is owned by the country's central bank. A stake of 60% in the gold refinery business will be sold to …

Mining Law 2022 | Laws and Regulations | Zimbabwe | ICLG

The government made the decision in December 2020 to dispose 60% of Fidelity Printers and Refiners, which is responsible for gold refining and the sole buyer of gold in Zimbabwe. The stake will be disposed to private entities in the gold mining industry.

Zimbabwe's gold output slightly up in H1 – NewsPages.co.za

Gold is Zimbabwe's second-largest mineral export earner after platinum. Last year, the country produced 19 tons of gold due to lower contribution from small-scale miners, down from 27.66 tons in 2019. Small-scale producers delivered only 9.35 tons in 2020, compared with 17.48 tons in 2019.

Home | Fidelity Printers & Refiners

The company has also appointed Gold Buying agents to conveniently mop gold produced in outlying areas and also from artisanal miners. The current gold buying centres are: Bulawayo. Address: ZB Bank Fife Street Branch Corner 10th Ave / Fife St. Phone: +263 292 880175/80, +263 292 68766. Email: [email protected]

Gold incentives lift output - Mining Zimbabwe

Gold incentives lift output. August 27, 2021. INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said on Friday, projecting higher year-end output.

Gold Refinery Systems – for enhanced metals recovery

FL provides high-quality refining equipment to the gold mining industry. As a global provider of precious metals recovery equipment, we offer high-quality refining products to the gold mining industry, all designed to suit your needs. Our equipment makes it a lot simpler to turn precious metal concentrates, sludge and precipitates into Dore.