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Zim Gold production up

Zimbabwe has experienced increased gold production mainly driven by small-scale miners despite the fall in gold prices on the international market, a new Africa Development Bank (AfDB) report has said.

6 Jan 2015

Image: www.freedigitalphotos.net

AfDB said gold mining firms have been able to increase output because of incentives offered by government through reduction in royalty fees and presumptive taxes for small-scale operators.

Total gold deliveries increased by 11,60% to 1268,41 kg in October 2014 compared to the same period in 2013.

Deliveries by primary producers decreased by 8,04% to 838,22 kg in October 2014, whilst deliveries by small-scale producers increased by 91,15% to 430,20 kg in October 2014.

Continue reading the full story on allafrica.com

Source: allAfrica

AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 2000 news and information items daily from over 130 African news organisations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Lagos, Monrovia, Nairobi and Washington DC.

Go to: http://allafrica.com/