Milaperetz
Jan 12, 2021

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Zimbabwe gold tumble nearly a third to 19 tonnes in 2020

Gold sales to Zimbabwe’s sole buyer and exporter of bullion Fidelity Printers and Refiners (FPR) fell 31% to 19 tonnes last year after lower deliveries from small-scale miners.

Deliveries of gold, the top foreign currency earner, have been on the decline since reaching a record 33.2 tonnes 2018, mainly due to delays by FPR in paying miners.

The government says gold worth at least $1.2 billion is illegally exported from the country annually.

Source Link: https://www.reuters.com/article/uk-zimbabwe-gold-idUSKBN29G0R2?taid=5ffc4f5f5dad480001322e6d&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

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