Tuli Coal News Today

Thursday, December 17, 2020  NewsdzeZimbabwe   THE Reserve Bank of Zimbabwe (RBZ) has privatised its gold refining business, ending a monopoly that has been enjoyed by Fidelity Printers and Refiners. Fidelity controls Zimbabwe’s gold trade as well as the minting and printing of local currency. In a statement, governor John Mangudya (pictured) said the central bank’s board of directors agreed to a restructuring exercise that will see the bank disposing Tuli Coal and unbundling of Fidelit...

HARARE (Bloomberg) –Zimbabwe’s central bank plans to sell a majority stake in the southern African nation’s sole gold-buying firm in a bid to boost compliance with trading of the precious metal. Fidelity Printers and Refiners will be split in two, with 60% of its gold-refining business sold to private investors, the Reserve Bank of Zimbabwe said in an emailed statement. The central bank would retain a 40% stake, plus full ownership of the separate printing and minting business, it said. �...