Zimbabwe to Start Gold-Tracing System in Bid to Curb Smuggling
- Fidelity Gold Refinery will introduce the system in September
- Nation targets 40 tons of output this year, 33% more than 2022
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Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling.
Fidelity Gold Refinery Ltd.’s initiative will start on Sept. 30, General Manager Peter Magaramombe told miners Monday in the capital, Harare.