Zimbabwe raises $250 million for mining from Belarus, PTA Bank
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Zimbabwe raises $250 million for mining from Belarus, PTA Bank

Zimbabwe's platinum reserves raise mining sector hopes

Zimbabwe has raised up to $250 million in lines of credit from Belarus and Africa’s Preferential Trade Area Bank in the last year to help boost gold and diamond production, the central bank governor said on Monday.

Mining generates more than half of the southern African nation’s total export receipts, but weak commodity prices have led to lower earnings and is one of the reasons the economy is expected to flatline this year.

 

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