Monday, 3 November 2008

Zimbabwe gold mining sector on verge of collapse

Zimbabwe's gold mining industry, Africa's third biggest nine years ago, is fighting with the central bank to pay for the gold the government has bought. Gold mining companies are obliged by law to sell their gold to the central. The central bank owes more than 30 million dollars to the mines. Without the payments, one of the countries most reslient industries stands to go bankrupt.

No comments: