Zimbabwe Central Bank Accumulates Almost a Ton of Gold Reserves

Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal.

The reserves were collected after mines in the southern African nation produced 30.1 tons of gold last year, compared with a record 35.3 tons a year earlier, Reserve Bank of Zimbabwe Governor John Mangudya said by phone from the capital, Harare, on Tuesday.