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Zimbabwe gold reserves rises 12%

The Reserve Bank of Zimbabwe (RBZ) has announced that its gold reserves have grown by 12% to over 3.1 tonnes since March this year, bolstering the country's efforts to build a more stable foreign exchange buffer and restore public trust in…

Published: 06 Jun 2025 at 12:06hrs | 114 | by Staff reporter

Zimbabwe gold reserves surge to nearly US$700 million

The reserves backing Zimbabwe's structured currency, Zimbabwe Gold (ZiG), have soared to an impressive US$683 million, more than doubling since the currency's launch in April 2024 and significantly strengthening the currency's sustainabili…

Published: 01 Jun 2025 at 14:03hrs | 66 | by Staff reporter

Zimbabwe foreign currency reserves rise to US$500m

Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected to foster greater currency stability a…

Published: 10 Nov 2024 at 10:41hrs | 172 | by Staff reporter

Annual independent external audit for RBZ reserves

Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of measures authorities have put in place…

Published: 11 Apr 2024 at 08:32hrs | 23 | by Staff reporter

'RBZ reserves inadequate'

New Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu talking to journalists at the central bank in Harare on Thursday during a handover takeover process from his predecessor John Mangudya overseen by President Emmerson Mnangagwa w…

Published: 04 Apr 2024 at 21:16hrs | 141 | by Staff reporter

Zimbabwe has over 5.5 billion barrels of oil resource

Oil and gas explorer Invictus Energy (IVZ) has bolstered the potential prospective resource of its Cabora Bassa project in Zimbabwe to over 5.5 billion barrels of oil equivalent (boe).The company today said an independent technical report …

Published: 06 Oct 2022 at 19:10hrs | 2 | by Staff reporter

Zimbabwe holds Africa's largest lithium reserves

Zimbabwe holds Africa's largest lithium reserves, the fifth-largest globally, with its province of Masvingo home to the Bikita mine - site of the world's largest-known deposit of the metal at around 11 million tonnes.The resource, however,…

Published: 14 Jun 2022 at 19:33hrs | 37 | by Staff reporter

Rio Tinto Offers $3.9 Billion, to Get Mozambique Coal Reserves

Rio Tinto Group, the world's third biggest mining company, offered A$3.9 billion ($3.9 billion) for Australian coking coal developer Riversdale Mining Ltd. to gain reserves in Mozambique as demand rises.Rio offered A$16 a share for Riversd…

Published: 23 Dec 2010 at 05:04hrs | 2 | by Byo24

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