Categories: Zim Latest

Mashurugwi violence cause massive drop in gold deliveries to Fidelity Printers

Zimbabwe’s gold mining industry has been severely affected by on going gang related violence amid reports that gold deliveries are under threat as the machete-wielding Mashurugwis are targeting both the miners and registered gold buyers.

The damage by gangs has not only been on the operations of the sector but also on the national output as deliveries to Fidelity Printers and Refineries have dropped.
At an all-stakeholder meeting organised by the Zimbabwe Environmental Law Association held in Harare this Friday, the Zimbabwe Miners Federation (ZMF) Chief Executive Officer, Wellington Takavarasha made the revelation:

“The situation has become so bad. Gold deliveries to Fidelity have severely been affected we have witnessed a huge drop on the tonnage,” he said.
“During this period last year 22tonnes against the 17tonnes this time around. Gold buyers are also being targeted by the gangs and therefore are now sceptical about their business. Not only that but investment is also under threat. There was an indaba that we had scheduled to hold next month but investors are becoming much more concerned about the prevailing situation.”

Ministry of Mines rep Rangarirari Mhazo said the violence in mining districts threatens the national vision of a US$12 billion mining sector by 2023.

“It is now a huge threat to the set-out vision to grow the mining sector. The sector’s contribution is a huge chunk we cannot afford to ignore,” he said.


Recent Posts

1 person killed, another injured in fatal RTA

File image The Zimbabwe Republic Police (ZRP) has confirmed a fatal road traffic accident which… Read More

23rd February 2024

RBZ Gold Coin and Gold-backed Digital Token Prices – 23 February 2024

The Reserve Bank of Zimbabwe -RBZ- has released the latest prices for the gold coins… Read More

23rd February 2024

The Rise of Peptide Use in Improving Endurance and Strength in Sports

In the world of sports performance enhancement, athletes are constantly seeking new methods to gain… Read More

23rd February 2024

Zim beauty queen in top 5 for Miss World Head to Head Challenge

Zimbabwean beauty queen, Nokutenda Marumba is in the top five at the Miss World Head… Read More

23rd February 2024

Chaplain Phiri Overwhelmed as Sir Wicknell Gifts Car and $10,000, Recalls Emotional Journey

Chaplain Phiri was overcome with emotion as she expressed her gratitude to Sir Wicknell for… Read More

23rd February 2024

Make the rain come or I will fire you- President Mnangagwa tells chiefs

President Emmerson Dambudzo Mnangagwa has expressed concern on the looming drought, tells chiefs to play… Read More

23rd February 2024