Fidelity increases lending to miners

Latest figures from Fidelity Gold Refin­ery, the country’ sole gold buyer, show that purchases climbed to 4,81 tonnes in June, up 21,7 percent from 3,95 tonnes record­ed in May, marking the sixth consecutive month of growth this year.

FIDELITY Gold Refinery (FGR) plans to expand the number of miners who will be granted loans from the Gold Development Fund this year, reaffirming its commitment to supporting the sector with tailored solutions. FGR introduced low-cost funding for artisanal and smallscale miners to support the expansion of mining operations and boost gold production within the…

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