Zimbabwe eyes record gold deliveries

The Government is poised to meet and potentially surpass its annual gold delivery target of 35 tonnes, with 32 tonnes already delivered to Fidelity Printers by the end of November, Mines and Mining Development Minister Winston Chitando announced yesterday.

Addressing delegates at the fourth-quarter gold mobilisation send-off ceremony in Harare, Minister Chitando emphasized the critical role of the gold sector in bolstering Zimbabwe's economy and anchoring the recently introduced ZiG currency.

"Zimbabwe's gold sector holds immense significance for the country's economy and foreign currency generation. It anchors our new currency, the ZiG. Maximising gold deliveries increases reserves and strengthens our currency," Minister Chitando said.

He revealed that the Ministry is optimistic about exceeding the set target.

"With 32 tonnes delivered so far, achieving 35 tonnes by year-end is within reach. In fact, we are aiming for more—possibly 37 tonnes—requiring five tonnes in December. It can be done," he said.
Strong Gold Deliveries

Minister Chitando noted that gold deliveries in October and November were 4.17 tonnes and 3.77 tonnes, respectively. He urged the mining sector to maintain momentum, highlighting the Government's commitment to supporting artisanal and small-scale miners.

"We need a thriving gold sector and mining sector. The Government will continue formalising and empowering artisanal miners through training, technology, and funding. New structures will ensure this support extends beyond gold to other minerals," he said.
Promoting Responsible Mining

Minister Chitando stressed the importance of responsible mining practices, calling on the sector to adhere to labour, environmental, and financial laws.

"All laws, from labour to environmental provisions, must be observed. Teams deployed nationwide will ensure compliance and monitor production channels," he said.

Eight teams are being sent to provinces across the country, excluding Harare and Bulawayo, to inspect mining activities, including identifying and addressing illegal operations.
Economic Significance

Gold is pivotal to Zimbabwe's foreign currency earnings and the viability of the ZiG currency. Surpassing the 35-tonne target would reinforce Zimbabwe's gold reserves, strengthening the country's economic resilience.

Minister Chitando's optimism underscores the Government's determination to enhance the mining sector's contribution to national development.