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The parastatal is also looking forward to establishing 20 gold milling centres across the country to boost the production of the yellow metal by smallscale miners. And the Bubi Gold Milling Centre, is a pilot project by the government officially commissioned by Vice President Dr. Constantino Chiwenga in 2019.
Zimbabwe has been ranked as one of the top three African countries that offer the best Return on Investment (ROI) between 2014 and 2016. Zimbabwe is ranked after Nigeria and Kenya in a survey which was conducted with the aim of establishing the African country that would offer the best economic outlook for the next three years.
He said Government was looking forward to sealing the 10 million loan facility deal with the new financier this week. As you are aware, we have secured a 50 million loan facility for smallscale gold miners after signing an agreement with an investor two weeks ago, said Minister Chitando.
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ZIMBABWE earned US381 million in the first half of the year from gold exports after large and smallscale miners delivered 9,6 tonnes of the precious metal to Fidelity Printers and Refiners (FPR), which puts the industry on a solid path to achieve this years targeted output of 24 tonnes. Last year, the country generated 684 million from the export of 18,4 tonnes of gold. Inclusive of the
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