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The Drawing Board - Engineering with Attitude

Zimbabwe gold firms working below fifth of capacity
 
Zimbabwe's gold producers are operating below 20% of capacity while some have suspended operations over a deepening economic crisis and electricity cuts, the mining chamber said on Friday.

The news came after President Robert Mugabe on Wednesday threatened to seize and nationalise mines, especially gold producers he accused of smuggling the metal outside the country and stashing foreign currency earnings abroad as part of a campaign to undermine his government.
Sunday 22 July, 2007 09:35 AM
 
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