Zimbabwe has licensed a second gold refinery to deal with purchases and processing of the southern African nation’s growing output of the dear metallic.
The refinery, to be situated within the nation’s second-biggest metropolis Bulawayo, is because of be commissioned subsequent 12 months, in line with authorities officers, who requested to not be recognized discussing a confidential matter.
All of Zimbabwe’s gold is presently offered by way of the state-owned Constancy Gold Refinery, however that most likely gained’t be capable to deal with the nation’s manufacturing from subsequent 12 months, the officers mentioned. Zimbabwe is focusing on output of fifty tons in 2026, up from a report 46.7 tons final 12 months.
The officers declined to call the brand new refinery’s buyers, saying they might solely be introduced as soon as the ability is commissioned.
A consultant of Zimbabwe’s Ministry of Mines declined to remark.
