Business & Economy
GOLD OUTPUT INCREASED IN 2021: RBZ
By Staff Reporter
The Reserve Bank of Zimbabwe RBZ Governor Dr John Mangudya says the 2021 gold deliveries to Fidelity gold refinery private limited recorded a significant increase.
In a statement, Dr Mangudya said the 55 percent increase was because of the efforts of both small and large gold producers who delivered almost 30 thousand kilograms of gold in 2021 compared to 19 thousand and 52 kilograms delievered the previous year.
Dr Mangudya also praised the government for the gold incentive scheme which he said played a crucial role in increasing the deliveries to Fidelity gold refinery private limited.
Dr Mangudya added that the country’s gold exports are expected to increase further in 2022.