Shumba Gold Mining is one of the largest gold producer in Zimbabwe and one of the world's most efficient gold mining companies. Our mission is to deliver superior returns from finding, developing and operating gold/copper mines. Our vision is to be the Miner of Choice. We will lead the way in safe, responsible, efficient and profitable mining.
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Inside Zimbabwe's illicit gold mining trade The Ministry of Finance says it has been losing about $1.8bn of mineral revenues; especially from gold smuggling. Kazembe Kazembe, the Minister of Home Affairs, said Zimbabwe has been losing some $100m worth of gold every month through international smuggling rings and the country's porous borders.
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Blockchain proponents argue that blockchain technology can be used to minimize corruption in gold mining in Zimbabwe even at the crisis-hit Gaika Mine. Elsewhere in Africa, the Tanzanian government said that it is using blockchain technology to fight ghost-worker fraud in the country. This kind of fraud is estimated to be costing the country ...
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Gold from Zimbabwe is still being exported via South Africa's Rand Refinery. What made FPR to bend? For the first time in more than 5 years in Zimbabwe, annual gold deliveries to FPR from ASGM plunged in 2019 by 20%. In 2018, gold deliveries from ASGM peaked to 21,678.42 kgs and fell by 4,289.68 kgs in 2019 to 17,478.74 kgs.
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