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Chinese mining group exit Zimbabwe Chinese mining and exploration group ASA Resources Group says it is tying up a deal to sell-off its shareholding in Bindura Nickel Corporation (BNC), which will see it exit the Zimbabwean market
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Gold producers restart mining in Zimbabwe – GOLD NEWS – … Gold producers are re-starting shut mines in Zimbabwe after new rules allowed them to sell gold directly on world markets, and keep the proceeds On Feb 2, Zimbabwe … »More detailed
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This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher prices Mining experts say the mineral is mostly illegally sold in South Africa
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Metallon Corp is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output Zimbabwe will accelerate debt plan, Finance
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Zimbabwe is perhaps the only country whose colonisation by Europeans was a direct result of its perceived rich and wide variety of gold deposits The Portuguese occupied parts of the country in the 17th century and traded in gold with local miners
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Zimbabwe is perhaps the only country whose colonisation by Europeans was a direct result of its perceived rich and wide variety of gold deposits The Portuguese occupied parts of the country in the 17th century and traded in gold with local miners
The problem for Zimbabwe is that after relying too much on paper printing, it is now all too reliant on gold mining: gold is the single largest export earner in the southern African country, whose economy is flatlining as a result of lack of investment, electricity shortages and high cost of capital
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