Fidelity Printers and Refiners

One of Zimbabwe’s biggest gold miners and Zimbabwe Stock Exchange-listed entity, RioZim says it has been forced to stop gold mining operations by inability to meet operating costs.
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FIDELITY Printers and Refiners, a gold buying and printing unit of the Reserve Bank of Zimbabwe (RBZ), says unpredictability of power supply due to limited internal generation capacity, has negatively impacted on its operations.
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Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe’s central bank, legal documents showed on Thursday, as the country’s mining sector grapples with a severe dollar crunch.
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A huge fight could be brewing between Zimbabwe’s $3 billion large-scale mining industry and government after a deputy minister claimed on Monday that hard-pressed producers had been under-declaring production volumes.
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Gold buyer Fidelity Printers and Refiners (FPR) has managed to coax illegal dealers to deliver their gold to its reserves as it moves to curb leakages of the yellow metal.
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A Bulawayo businessman has appeared in court for allegedly using his registered mining company documents to facilitate the release of 14 kg of gold through a court order in return for a $30 000 kickback.
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Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from small-scale miners, official data shows.
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Fidelity Printers and Refiners head of gold operations Mehluleli Dube is appearing at Harare Magistrates’ Court on allegations of approving a $183 000 gold purchase after police advised him to stop the transaction due to ongoing criminal…
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Fidelity Printers and Refiners has reduced cash payouts to small-scale gold miners by 40 percent, a move some industry players fear may hurt production and give rise to smuggling of the precious mineral out of the country.
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By Lloyd Gumbo Fidelity Printers and Refiners has sued its former chief executive officer and finance director Allen Marimbe and Godknows Hofisi respectively, after they allegedly clandestinely withdrew about $2,7 million from the firm’s…
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