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Zimbabwe - Monthly Economic Review - October 2014
Zimbabwe has been experiencing growth in gold production mainly driven by small scale miners despite the fall in gold prices on the international market. Gold mining fi rms have been able to increase output because of incentives offered by government through reduction in royalty fees and presumptive taxes for small scale operators. Cumulative gold deliveries to October 2014 reached 11.11 tonnes which surpassed the 10 tonnes required for the country to be reaccredited into the London Bullion Market Association compared to 10.55 tonnes in October 2013. The readmission into the London Bullion Market Association will enable the government to increase earnings from gold and also attract more investments.