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RBZ: Gold deliveries to Fidelity Gold Refinery increased in 2021

RBZ: Gold deliveries to Fidelity Gold Refinery increased in 2021. Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya has said gold deliveries to Fidelity Gold Refinery (Private) Limited rose by 55.5% in 2021 compared to deliveries made in 2020.

In a statement this Wednesday, Mangudya hailed both small-scale and large scale producers, as well as the Government for the Gold Incentive Scheme for the development. Said Mangudya:

The Reserve Bank of Zimbabwe wishes to express its appreciation and gratitude to the country’s small and large gold producers for having delivered a total of 29 629.61 kg of gold to Fidelity Gold Refinery (Private) Limited (FGR) in 2021, a 55.5% increase from the 19 052.65 kg delivered in 2020.

Large gold producers delivered 11 159.0 kg to FGR in 2021 whilst small-scale producers contributed 18 470.61 kg. The Bank also commends the Government for the Gold Incentive Scheme introduced in May 2021, which scheme has had a significant positive impact on gold deliveries to FGR.

It is projected that the quantum of the country’s gold exports in 2021 will increase beyond the 29 629.61 kg when the gold component in the Platinum Group Metals is eventually included in the tally of gold deliveries to FGR.

RBZ Statement

Source – Pindula News

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