Fidelity Gold Refinery’s (FGR) core business currently encompasses the following: Security and commercial printing operations, Gold buying and gold refining operations, and Disbursement of the Gold Development Initiative Fund (GDIF).
Gold buying and gold refining operations
Fidelity Gold Refinery (Pvt) Ltd is licensed to buy gold from large scale producers, small scale producers and holders of gold buying permits. The customer has an option to select the assay method for a particular deposit or the specific gravity method. If the customer opts for the fire assay method, payment will be made after the analysis which is carried out at the Head Office in Harare. Samples obtained after melting are accurately analysed using the internationally recognised fire assay technique. Results obtained are in the region of 1 part per thousand tolerances. However, for the specific gravity method, payment is actioned on the spot. The specific gravity method is used particularly in areas outside Harare.
- Miller chlorination process
- Electrolytic refining process
- Aqua regia refining process
FGR has decentralised its buying activities from Harare to cover the entire country, thereby significantly reducing the security risks associated with transporting gold for the small scale sector. The customer has an option to select the assay method for a particular deposit or the specific gravity method. Gold delivered to the centres is paid for on the spot after carrying out a specific gravity determination of the gold content. However, if the miner opts for the fire assay method, payment will then be made after the analysis which is carried out at the Head Office in Harare.
FGR’s Payment Method / Model
FGR has two transanctional models: i.e. Cash model (USD) and the Hybrid model (60% Nostro and 40% Local currency). The Local currency remains available to the producer for their import requirements and also facilitates other foreign exchange and trade transactions of national importance, e.g. purchasing of medicines for hospitals, buying fuel for the country, importation of inputs- for water purification, mining, manufacturing and other national beneficiation projects. All this and more can only be achieved if available mineral resources mined are sold using the formal channel. However, if miners opt to sell gold to the parallel market, valuable foreign currency is lost with detrimental effects to social service delivery and economic performance coherence. The end result will lead to the crippling of the economy and suffering on the entire nation as critical requirements will not be met. So consider the bigger picture and play your part for the national good.
Gold buying centres
The company has decentralised its buying activities from Harare to cover all gold producing regions within the country, thereby significantly reducing the security risks associated with transporting gold over long distances. The company has also appointed Gold Buying agents to conveniently mop gold produced in outlying areas and also from artisanal miners.
The current gold buying centres are:
Address: ZB Bank Fife Street Branch Corner 10th Ave / Fife St
Phone: +263 292 880175/80, +263 292 68766
Address: ZB Bank Shop No 8 NSSA Complex
Phone: +263 284 20957
Address: ZB Bank No 42 Robert Mugabe Street
Phone: +263 68 212004
Address: ZB Bank 88 Herbert Chitepo Street
Phone: +263 20 2061006
Address: ZB Bank No 28 Robert Mugabe Way
Phone: +263 66 2106854
Address: ZB Bank No 69 Robert Mugabe Way
Phone: +263 54 2220328
Address: ZB Bank No 90 Robert Mugabe Way
Phone: +263 55 2526084
Address: ZB Bank No 86 Robert Mugabe Way
Phone: +263 39 2353539
Address: ZB Bank No 47 Magamba Way
Phone: +263 67 2121010
Address: Agribank 177 Mthwakazi
Phone: +263 84 2801527
Address: ZB Bank No 39 Robert Mugabe Way
Phone: +263 39 22265288
Address: ZB Bank No 287/288 Beit Street
Phone: +263 774 111 473
For further assistance in the Southern Region contact Mr Bhekilizwe Manyathela on +263 772 950 426 and for the Northern Region Mr Brian Maradze +263 774 111 473
Get In Touch
+263 777 155 569 (WhatsApp Only)
No. 1 George Drive, Msasa, Harare
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