Bulawayo24 News - Skyes! "it makes perfect sense"

Court orders Chinese company to pay for gold ore theft

A Mutoko Regional Magistrates Court has convicted Reajin Enterprises (Pvt) Ltd, owned by Chinese national Zheng Zhangxian, for systematically stealing over 5 000 tonnes of gold ore from neighbouring small-scale miner Emmanuel Ndemera. The …

Published: 17 Sep 2025 at 08:42hrs | 63 | by Staff reporter

Gold prices hit record high

Zimbabwe's gold miners are celebrating as local gold prices hit record levels on 9 September 2025, according to the latest mining sector data.Fidelity Gold Refinery (FGR) reported a top rate of US$110.36 per gram (US$3,431.66 per ounce) fo…

Published: 11 Sep 2025 at 09:56hrs | 39 | by Staff reporter

Man in court over US$650 000 gold ore theft

A 32-year-old Mudzi man accused of stealing more than 2 153 tonnes of gold ore worth nearly US$650 000 from a mining company in Makaha has been granted bail despite opposition from police and the State.Tadeas Dumba Bote of Tonge village, u…

Published: 09 Sep 2025 at 08:42hrs | 197 | by Staff reporter

Zimbabwe's gold boom spurs laboratory expansion

Zimbabwe has witnessed a surge in gold mining exploration and production in recent months, driven by record-high gold prices that have made the metal increasingly attractive to investors and miners. Gold hit a peak of US$3,500 an ounce in …

Published: 08 Sep 2025 at 12:53hrs | 76 | by Staff reporter

Govt revokes mining licence near school

The Government has cancelled the operating licence of a gold mining company that had been carrying out gold leaching activities near the newly built US$600,000 Globe and Phoenix Primary School in Kwekwe. The decision takes immediate effect…

Published: 06 Sep 2025 at 20:12hrs | 469 | by Staff reporter

Zimbabwe's gold exports soar

Zimbabwe's gold exports surged to US$1,385 billion in the first seven months of 2025, a 60,5 percent increase from the US$863,1 million recorded during the same period last year, according to the latest Reserve Bank of Zimbabwe (RBZ) figur…

Published: 28 Aug 2025 at 06:53hrs | 390 | by Staff reporter

Zimbabwe's gold boom masked by environmental ruin

Zimbabwe's gold sector is experiencing one of its strongest rallies in years, but behind the production surge lies a darker reality of smuggling, lawlessness, and environmental collapse that threatens to undermine the gains.Gold output has…

Published: 24 Aug 2025 at 19:22hrs | 253 | by Staff reporter

'Gold war' in Filabusi

Residents of Filabusi in Matabeleland South are calling on the Ministry of Mines and other authorities to urgently address deep-rooted problems driving violence in the gold mining sector.They want stricter documentation processes, tighter …

Published: 14 Aug 2025 at 19:51hrs | | by Staff reporter

Zimbabwe labs struggle with a surge in mineral samples

Zimbabwean laboratories are struggling to cope with a surge in mineral samples submitted by mines ramping up exploration activity in response to record gold prices, a mine executive said on Wednesday.Geopolitical tensions, central bank buy…

Published: 14 Aug 2025 at 15:48hrs | 246 | by Staff reporter

'ZiG outperforms regional peers'

The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African Development Community (SADC) and beyond.I…

Published: 08 Aug 2025 at 13:02hrs | 59 | by Staff reporter

Gold rush wreaks havoc in Mutare City

Mutare's Sakubva River, located near the city's bustling Central Business District, is under siege as waves of artisanal gold minersâ€”commonly known as makorokoza - ravage the waterway and surrounding industrial zone in search of the prec…

Published: 25 Jul 2025 at 09:49hrs | 2 | by Staff reporter

Govt clamps down on reckless drivers

President Emmerson Mnangagwa has announced a nationwide crackdown on reckless driving, aiming to curb the rising number of fatalities caused by negligence on Zimbabwe's roads. The directive follows a horrific accident on the Harareâ€“Chitu…

Published: 25 Jul 2025 at 09:49hrs | 629 | by Staff reporter

Violence breaks out at Vumbachikwe Mine as panners fight over gold

Violence broke out at the Vumbachikwe Mine in Gwanda on Tuesday morning, where illegal gold panners who are now the order of the day were fighting over gold.Since the closure of the mine in November 2022, the mining shafts have become site…

Published: 24 Jul 2025 at 14:45hrs | 1023 | by Stephen Jakes

Zimbabwe teachers join night-time gold rush

In a startling development highlighting Zimbabweâ€™s worsening economic crisis, teachers from Fusira, Musvovi, and Madzivanyika schools in Masvingo South have reportedly joined illegal gold panning activities at night in Mudemba Village, W…

Published: 16 Jul 2025 at 13:11hrs | 674 | by Staff reporter

Illegal miners threaten Bulawayo infrastructure projects

The Bulawayo City Council (BCC) has raised alarm over the escalating invasion of its Khumalo gravel pit by illegal gold miners, warning that the activities of these panners threaten to derail critical road, water, and sewer infrastructure …

Published: 16 Jul 2025 at 07:43hrs | 363 | by Staff reporter

Zimbabwe gold makes currency history

Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in the country's recent history. Speaking at…

Published: 14 Jul 2025 at 08:10hrs | 736 | by Staff reporter

Securico ordered to pay mine US$675,000 over gold bullion heist

Security firm DDNS Security Operations, trading as Securico, has been ordered by the High Court to pay US$675,000 to How Mine after it lost nearly 12 kilograms of gold bullion in an armed robbery while ferrying the consignment to Bulawayo …

Published: 04 Jul 2025 at 14:35hrs | 526 | by Staff reporter

Zimbabwe gold exports jump 25% in June

Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the Reserve Bank of Zimbabwe (RBZ). The gr…

Published: 04 Jul 2025 at 09:22hrs | 146 | by Staff reporter

Fidelity Gold launches elite enforcement unit

Fidelity Gold Refinery (Private) Limited has launched a dedicated Gold Trade Enforcement Unit (GTEU), a landmark development aimed at clamping down on illegal gold trading, smuggling, and value chain leakages that have cost Zimbabwe millio…

Published: 01 Jul 2025 at 12:23hrs | 4 | by Staff reporter

RBZ's decision to halt gold coin sales has drawn warnings

The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflationary pressures and destabilise financia…

Published: 30 Jun 2025 at 09:15hrs | 2603 | by Staff reporter

Foreign investment fuels Matabeleland gold rush

A surge in foreign investment and exploration activity in Zimbabwe's Matabeleland region is being hailed by mining analysts as a strong vote of confidence in the country's mining sector. This renewed interest is driven by soaring global go…

Published: 29 Jun 2025 at 19:02hrs | 2712 | by Staff reporter

Mnangagwa approves key appointments

President Emmerson Mnangagwa has approved a series of high-level appointments and promotions aimed at enhancing the effectiveness of the Zimbabwe Independent Complaints Commission (ZICC), a constitutional body mandated to investigate misco…

Published: 20 Jun 2025 at 06:12hrs | 734 | by Staff reporter

Promising gold discovery near Bulawayo

London-listed Kavango Resources Plc has announced the discovery of a series of significant gold intercepts at its flagship Hillside Gold Project near Bulawayo, further boosting Zimbabwe's profile as an attractive destination for mining inv…

Published: 20 Jun 2025 at 06:08hrs | 498 | by Christopher Mutambirwa

Zimbabwe gold reserves rise to 3.4 metric tonnes

President Emmerson Mnangagwa today inspected the Reserve Bank of Zimbabwe (RBZ) vaults, where he was briefed on the status of the country's national gold reserves, which now stand at an impressive 3.4 metric tonnes.The gold stockpile, buil…

Published: 19 Jun 2025 at 16:47hrs | 108 | by Staff reporter

Mnangagwa inspects Zimbabwe's gold reserves

President Emmerson Mnangagwa on Thursday morning conducted a high-profile inspection of Zimbabwe's gold reserves held in the Reserve Bank of Zimbabwe (RBZ) vaults, following his directive for the country to build gold stockpiles to anchor …

Published: 19 Jun 2025 at 13:38hrs | 668 | by Staff reporter

'Zimbabwe gold-backed currency stable' but ...

Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market.The Reserve Bank of Zimba…

Published: 18 Jun 2025 at 18:30hrs | 347 | by Staff reporter

RBZ suspends mop-up gold coin sales

The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of its mop-up sale of gold coins following the successful conclusion of the clearance exercise.In a statement issued by RBZ Governor Dr. John Mushayavanhu, the centr…

Published: 17 Jun 2025 at 11:16hrs | 568 | by Staff reporter

Gold rally is bringing new riches to rural Zimbabwe

In Filabusi, the streets are packed with BMW X5s and Land Rover Defenders, modern houses paid for in cash are springing up and whisky is only sold by the bottle in the small town's bars.The three-year surge in gold prices, driven to a reco…

Published: 11 Jun 2025 at 09:43hrs | 2625 | by Ray Ndlovu

IMF wants Zimbabwe's gold-backed ZiG to become sole currency

The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) that could unlock much-needed debt restr…

Published: 11 Jun 2025 at 09:05hrs | 1164 | by Staff reporter

Zimbabwe gold deliveries surge 26% year-on-year

Zimbabwe's gold mining sector continues to demonstrate strong performance, with gold deliveries to Fidelity Gold Refinery (FGR) rising by 27.6 percent year-on-year in May 2025. A total of 3 488 kilogrammes were delivered, surpassing the 2 …

Published: 09 Jun 2025 at 12:38hrs | 125 | by Staff reporter

Gold panner digs under railway line, faces 10 years behind bars

A daring artisanal miner is facing a possible 10-year prison sentence after being caught illegally digging for gold directly beneath an active railway line in Mvuma - a reckless act that endangered both national infrastructure and human li…

Published: 06 Jun 2025 at 12:10hrs | 96 | by Staff reporter

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

How gold incentives work in Zimbabwe

IN the past few days, social media and media outlets have been awash with claims that there is grand looting of state funds between Treasury and a selected few individuals, especially after a payment instruction of about US$4.2 million for…

Published: 05 Jun 2025 at 17:10hrs | 1342 | by Trymore Sibanda

Zimbabwe Chamber of Mines optimistic about 100 tonnes gold target

The Chamber of Mines Zimbabwe (CoMZ) has expressed confidence that the country can meet the Government's ambitious annual gold production target of 100 tonnes, despite the current national target standing at 40 tonnes for 2025.CoMZ Preside…

Published: 05 Jun 2025 at 10:03hrs | 132 | by Staff reporter

'Tsholotsho Gold Project has 1 million gold ounces potential'

United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing investor confidence as the company prepare…

Published: 02 Jun 2025 at 18:40hrs | 670 | by Staff reporter

Gold miner pays fees for underprivileged learners

Shamva-based gold mining company Ming Chang has reaffirmed its commitment to community development by donating thousands of dollars worth of school fees and stationery to underprivileged learners at Ming Chang Primary School, in a continua…

Published: 02 Jun 2025 at 09:03hrs | 156 | 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 | 68 | by Staff reporter

Zimbabwe's gold sector performing exceptionally well, but

Zimbabwe's gold sector is experiencing a period of robust growth, yet mining leaders and experts are asking whether the country is fully capitalising on its mineral wealth.This was the central theme at the Gold Symposium held during the Ch…

Published: 24 May 2025 at 09:00hrs | 71 | by Staff reporter

Gold sinks as trade talks, easing tensions impact haven demand

Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in early trading in Asia to around US$3 265 an oun…

Published: 13 May 2025 at 09:54hrs | 101 | by Staff reporter

Zimbabwe in massive gold mop up

The Zimbabwean government has launched an aggressive campaign to meet its 2025 gold delivery target of 40 tonnes, amid a global price surge that has seen the value of gold skyrocket to US$3,322.93 per ounce - a 40% increase since the begin…

Published: 11 May 2025 at 12:43hrs | 156 | by Staff reporter

Chitando bemoans gold smuggling

Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of its potential gold revenue, even as the s…

Published: 09 May 2025 at 11:02hrs | 212 | by Staff reporter

Zimbabwe records 62,5% rise in gold deliveries

Zimbabwe's gold sector continues to perform exceptionally well, with April 2025 gold deliveries reaching a remarkable 3.9 tonnes, marking a 62.5% increase from the 2.4 tonnes recorded during the same period in 2024.According to Fidelity Go…

Published: 08 May 2025 at 16:05hrs | 240 | by Staff reporter

UK firm secures US$5m to fund gold mines in Zimbabwe

United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold mining operations in Zimbabwe. The fund…

Published: 24 Apr 2025 at 07:08hrs | 150 | by Staff reporter

Fresh US$100m gold scandal rocks treasury as top Zanu-PF ally implicated

A major financial scandal has erupted at Zimbabwe's Finance Ministry, exposing what appears to be a fraudulent US$100 million payout to a shadowy company linked to a top Zanu-PF gold dealer, Pedzisayi "Scott" Sakupwanya. The illegal paymen…

Published: 22 Apr 2025 at 08:29hrs | 3 | by Staff reporter

Caledonia Mine sets new gold production record

Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ounces of gold produced at its Blanket …

Published: 16 Apr 2025 at 23:24hrs | 144 | by Staff reporter

Mnangagwa swears in 2 new ministers

President Emmerson Mnangagwa yesterday swore in two newly-appointed ministers at State House in Harare, who immediately pledged their commitment to fulfilling the national Vision 2030 agenda of creating an empowered upper-middle-income soc…

Published: 16 Apr 2025 at 23:13hrs | 245 | by Staff reporter

NUST enlists police to combat illegal gold mining on campus

The National University of Science and Technology (NUST) has called in the Zimbabwe Republic Police (ZRP) to help tackle a growing crisis of illegal gold panning that has infiltrated its main campus in Bulawayo, resulting in significant la…

Published: 16 Apr 2025 at 22:56hrs | 203 | by Staff reporter

Gwanda police thwart brazen ore heist

Police in Gwanda Rural have successfully foiled a daring, movie-style gold ore theft operation, arresting six suspects and impounding equipment worth hundreds of thousands of dollars. The heist was thwarted under the cover of night last We…

Published: 13 Apr 2025 at 09:38hrs | 256 | by Staff reporter

Fidelity Gold Refinery invites bids for gold collection centre construction

Fidelity Gold Refinery (FGR), a wholly owned subsidiary of the Mutapa Investment Fund, has issued a tender for the construction of gold collection centres as part of efforts to improve accessibility and efficiency in Zimbabwe's gold-buying…

Published: 23 Mar 2025 at 08:08hrs | 223 | by Staff reporter

4 foreign nationals arrested in gold robbery plot in Zimbabwe

Four foreign nationals from China, Singapore, and Sierra Leone appeared in court on Tuesday, charged with conspiracy to commit robbery after allegedly targeting a Chinese smuggler transporting 4kg of gold to Zambia via Chirundu.The accused…

Published: 12 Mar 2025 at 17:09hrs | 1047 | by Staff reporter

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