Gold production drops

HARARE - Official gold production in Zimbabwe last year slumped nearly 40 percent says the Chamber of Mines. Producers delivered 13,000 kgs of ore, down from 21,300 kgs in 2004. Gold is one of the country's major foreign currency earners, and the price is almost at a record world high. The Chamber's

chief executive, David Murangari, said the decline was due to the fact that producers could no longer source sufficient foreign exchange to buy fuel, cyanide, spare parts and other essential materials. – Own correspondent

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Post published in: Economy

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