The Reserve Bank of Zimbabwe has already disbursed US$104 million out the US$150 million Gold Development Fund initiative. RBZ is calling on miners with viable mining projects to get the remaining US$46 million.
Speaking on the sidelines of the 5th Regional Conference held in Mutare to raise the awareness of the Gold Development Fund Initiative, Fidelity Printers and Refineries Mining Investments Advisor William Gambiza said
The 5th Regional Gold Conference seeks to enhance awareness and uptake of the Gold Development Fund. The fund size is US$150 million with US$104 million having been disbursed so far.
The official gold production target set by the government for this year was 30 tonnes but has been surpassed with artisanal an small-scale miners accounting for 70 per cent of the deliveries
Read Also: Small-scale gold miners to get 100 per cent rebate from the government
Small-scale gold miners produce more than large mines
More: ZBC News
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