MINING REFINING

Zimbabwe: Mining Sector Mobilises Gold to Sustain New Currency

Tue May 21 2024

Mines and Mining Development Minister Winston Chitando yesterday challenged the gold sector to harness efforts towards increased production of the yellow metal, as it has a direct effect on the credibility of the new currency, the ZiG.

Minister Chitando said this during a send-off workshop for the 13 teams that will go round the country on the first gold mobilisation exercise for the year.

Last month, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, launched the ZiG, which is backed by gold, other precious minerals and foreign currency reserves.

Source: https://allafrica.com