Published: 04 February 2014

Zimbabwe has intensified efforts to mobilise gold in excess of 15 tonnes this year as the country forges ahead with its plans to be readmitted to the London Bullion Market Association.

The country's gold output has been steadily increasing since 2010 and rose to 14 742kg in 2012 from 12 992kg a year earlier.

Charity Dhliwayo, the acting Reserve Bank of Zimbabwe governor says government's decision to re-designate Fidelity Printers and Refiners Limited as the sole buyer and exporter of gold in the country, will facilitate the mobilisation of the yellow metal.

Industry experts claim that re-admission to the London market, the biggest centre for gold trading according to the LBMA, would increase Zimbabwe's ability to sell to global buyers.
- dailynews

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