Government-owned Fidelity Gold Refineries (FGR) has reportedly moved to strengthen gold verification systems after suspected cases of tungsten-infused gold in Zimbabwe surfaced, raising alarm over potential losses to national revenue. According to reports by NewZimbabwe, the refinery has begun acquiring X-ray fluorescence (XRF) machines, each costing at least US$10,000, to detect manipulated gold deliveries allegedly linked to some miners operating in the country.

HARARE, ZIMBABWE – The Zimbabwe Miners Federation has entered into a joint venture with Chinese investor Anhua Chenxi Mining to formalise operations at Ball Mine in Mutawatawa, ending years of conflict and illegal mining activity. The partnership, structured through ZMF’s special purpose vehicle FS Mining, has resulted in the formation of a new entity, RR Mining, aimed at restoring order and boosting gold production at the troubled site.

HARARE – Zimbabwe risks being judged harshly by future generations if it fails to industrialise its rural communities and retain value from its mineral wealth, Vice President Constantino Chiwenga has warned.

The Mutapa Investment Fund (MIF) has announced a sweeping restructuring of its mining portfolio, abandoning a centralised holding-company model in favour of streamlined, commodity-based mining units aimed at improving efficiency, capital discipline, and operational focus.