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Zimbabwe Jan–June Gold Output Up 29%

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"The southern African nation's gold mining sector is recovering from an economic crisis that peaked in 2008 when hyperinflation reached 500 billion percent and forced most mines to shut."

Reuters, MacDonald Dzirutwe

Zimbabwe's gold production rose 29% to 7.2 tonnes in the first six months of this year, generating $377 million in revenue, data from the mining chamber showed on Monday.

The southern African nation's gold mining sector is recovering from an economic crisis that peaked in 2008 when hyperinflation reached 500 billion percent and forced most mines to shut.

Total gold production for 2011 was 13 tonnes. Output remains well below the 27 tonnes reached in 1999 before the decade-long economic slide. . .View Full Article


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