Miners sell gold on black market

A SMALL-SCALE mining association in Shurugwi has revealed that most of its members were selling their gold on the black market as Fidelity Printers was failing to offer competitive prices.

STEPHEN CHADENGA

Fidelity Printers is a subsidiary of the Reserve Bank of Zimbabwe (RBZ) and the only institution allowed to purchase and process gold in the country.

Shurugwi Small-scale Miners Association chairperson Isaac Chivendera said the official market was failing to offer competitive prices hence most of his association’s members had turned to the underground market.

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