Zimbabwe to allow miners to export portion of their gold By Reuters – Investing.com

Zimbabwe to allow miners to export portion of their gold By Reuters – Investing.com

HARARE (Reuters) - Zimbabwe's central bank will allow large-scale gold mining companies to directly export a portion of their bullion, an official said, as the bank gradually eases its control of gold trading in the country.

The central bank-owned Fidelity Printers and Refiners (FPR) is the sole buyer, refiner and exporter of gold in the southern African nation but has at times struggled to pay producers.

Reserve Bank of Zimbabwe's director of exchange control Farai Masendu said in a circular that miners who increased gold production above their average monthly output would be allowed to directly export that portion.