In 2023, Zimbabwe achieved gold deliveries of 30.1 tons to the Fidelity Gold Refinery (FGR). The target for 2024 is set at 40 tons.
However, from January to April 2024, only 8.4 tons were delivered, slightly less than the 8.57 tons delivered during the same period in 2023.
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Book NowLarge-scale miners have registered a 26% increase in their contributions, thanks to new technologies and expansion projects. Conversely, small-scale miners have seen a 23% decrease, a trend attributed to illegal trade and side marketing.
To address these challenges, the Ministry of Mines is supporting small-scale miners through various initiatives, including the establishment of gold service centers. The first center in Makaha, Mashonaland East, is operational, with more centers planned for completion by the end of the year. Additionally, the Mining Industry Loan Fund is providing equipment to enhance production efficiency.
The mobilization exercise also focuses on compliance. Teams will encourage small-scale miners to formalize their operations and ensure all gold is traded through legal channels. They will also monitor and collect data on processing equipment, such as hammer mills and leaching tanks, to account for all gold produced.
This comprehensive approach aims to curb illegal mining practices and boost gold deliveries to FGR. “Every ounce of gold must contribute to our national development,” said Hon. P. Kambamura. “We must work together to ensure that our gold benefits all Zimbabweans.”
As the team embarks on this critical mission, they are urged to act with dedication and integrity. The success of the Gold Mobilization Exercise is seen as a key driver for Zimbabwe’s economic future, unlocking the full potential of the nation’s gold resources.
