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Zimbabwe sells gold refinery to group of miners for US$49m

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HARARE – Ten companies are to take control of Zimbabwe’s privatised gold refinery for US$49 million, Finance minister Mthuli Ncube said Thursday.

This will be the first time that the refinery will be in private hands since it was established in 1988.

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The sale, first announced in December last year, will see the new shareholders owning 60% of Fidelity Printers & Refiners, while the Reserve Bank of Zimbabwe (RBZ) retains the remaining 40%.

“The process of partial privatisation of Fidelity Printers and Refineries through offering 60% of its shareholding in the gold refinery business to producers of gold. The Central Bank will remain with 40% in the gold refinery company and 100% in the printing, minting and gold financing business. Ten shareholders have so far accepted to take shareholding in Fidelity Gold Refinery at a total consideration of US$49 million,” Ncube told Parliament as he presented a budget review statement.

He did not name the shareholders.

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However, under the ownership structure announced last year, companies would take shareholding based on the average quantity of gold delivered to Fidelity over the previous three years. Large scale miners will hold a 50% shareholding, while 3% will go to gold buying agents and the remaining 7% to the small scale producers through their representative bodies.

Among the country’s largest gold producers are Kuvimba – which controls Freda Rebecca, Shamva and other mines – Caledonia Mining, which runs Blanket, and RioZim, which owns three gold mines.

Kuvimba’s biggest mine, Freda, produced 2,7 tonnes last year. Blanket Mine produced 1,6 tonnes while output at RioZim was 1,21 tonnes for 2020.

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The privatisation of FPR came after lobbying from some players in the mining business.

It follows the model of Rand Refinery, South Africa’s biggest refinery, which is owned by the five largest gold miners Anglogold Ashanti, Gold Fields, Harmony, Sibanye Gold and DRDGOLD.

However, the privatisation will create fresh controversy over the ownership of mining assets, given the leading role that Kuvimba, whose shareholding structure has been subject to public scrutiny, is likely to play due to its commanding output.

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FPR started refining gold in 1988, and at its peak producers from abroad sent in their gold for refining at its Msasa refinery. However, FPR has not used most of its installed capacity to refine 50 tonnes of gold per year, and its new owners will have to invest substantially in retooling.

The company, which buys gold from miners from at least a dozen centres around the country, has struggled to pay miners on time for gold deliveries, pushing miners to call for its privatisation. – newZwire

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In the community

Tsholotsho man jailed for stealing and slaughtering neighbour’s goat

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BY STAFF REPORTER

A 31-year-old man from Tsholotsho has been sentenced to an effective six months in prison after being convicted of stealing and slaughtering his neighbour’s goat.

The incident occurred on 11 July 2024 when the complainant released his herd to graze at Mhlahlo grazing land. One black-and-white goat failed to return, prompting the owner and fellow villagers to launch a search.

The search led to the accused’s homestead, where the complainant positively identified the carcass of his missing goat. The man initially denied involvement in the theft, but investigations revealed overwhelming evidence linking him to the crime.

He was arrested and placed in police custody but later escaped while being taken to the police station. The escape was promptly reported, leading to his re-arrest.

The court sentenced the accused to 12 months’ imprisonment, with three months suspended on condition of good behaviour. A further three months were suspended on condition that he pays restitution amounting to ZAR1 500. He will therefore serve an effective six-month prison term.

In a statement, the National Prosecuting Authority of Zimbabwe commended communities for remaining vigilant and reporting crime promptly.

“Justice is strongest when citizens stand together against lawlessness. Silence and tolerance of crime only empower offenders,” the NPAZ said.

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In the community

EMA, Lupane State University step up fight against deadly Umkhawuzane in Mat North

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BY WANDILE TSHUMA

The Environmental Management Agency (EMA), in partnership with Lupane State University, has launched a community-based initiative to control and reduce the impact of the toxic plant Dichapetalum cymosum, locally known as Umkhawuzane or Gifblaar, which has caused significant livestock losses in Matabeleland North.

The initiative, focuses on managing the spread of the poisonous plant, which is widely recognised as one of the most dangerous threats to cattle in Southern Africa. Gifblaar is estimated to contribute to about eight percent of livestock deaths linked to toxic plants in the region. The plant contains fluoroacetate, a potent toxin that causes sudden death in animals and poses risks of secondary poisoning through the food chain.

According to EMA, the study was carried out in Ward 18 (Makhovula) in Lupane District and Ward 10 in Umguza District. It combined community sensitisation with mechanical and chemical control trials aimed at identifying effective ways to eradicate the plant.

Community engagements revealed a high level of awareness among farmers about the toxicity of Umkhawuzane. Farmers reported losing an average of three to four animals per household during the winter season, when forage is scarce and the plant remains green, increasing the risk of livestock consumption.

Results from the trials showed that mechanical removal of the plant produced promising outcomes. No regeneration was observed in areas where roots were excavated to depths of between one and 1.5 metres. However, chemical control using glyphosate only led to temporary suppression of the plant and did not achieve complete eradication, while also affecting surrounding vegetation.

EMA said the findings highlight the need for integrated and site-specific management approaches. These include effective mechanical removal, cautious use of chemicals, and continuous community education to prevent further losses.

The agency, together with Lupane State University, reaffirmed its commitment to working closely with local communities to protect livestock, improve rangeland management and reduce the economic losses caused by Umkhawuzane in Matabeleland North.

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National

Government to reward top-performing schools nationwide

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BY NOSIZO MPOFU

The Ministry of Primary and Secondary Education has launched a new national initiative to promote and reward academic excellence across Zimbabwe’s education system, Minister Torerayi Moyo has announced.

In a post on X, Minister Moyo said the programme will recognise and award the top 10 best-performing schools in each province, based on their 2025 pass rates at Grade Seven, Ordinary Level and Advanced Level.

“The recognition is a celebration of high-performing schools that have consistently demonstrated a strong commitment to academic achievement and the holistic development of learners,” said Moyo. He added that the initiative aligns with the Government’s commitment to providing equitable, inclusive and quality education, in line with Sustainable Development Goal 4 (SDG 4).

In addition to provincial awards, the ministry will also identify and reward the top five best-performing schools nationally in the 2025 Zimbabwe School Examinations Council (ZIMSEC) and Cambridge examinations. These schools will be honoured on 20 March 2026.

According to the minister, the recognised institutions will serve as “beacons of excellence and inspiration,” setting benchmarks for quality education and academic performance across the country.

Minister Moyo also called on individuals, corporates, well-wishers and development partners to support the initiative through sponsorships, awards, grants and other forms of assistance.

“This support will go a long way in motivating our hardworking teachers and headmasters,” he said.

Those interested in supporting the programme have been advised to contact the Ministry of Primary and Secondary Education Head Office through official communication channels.

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