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Zimbabwe central bank accumulates tons of gold reserves ahead of new gold-backed currency

HARARE - Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal. The reserves were collected after mines in the southern African nation produced 30.1 tons of gold last year, compared with a record 35.3 tons a…
Mashonaland East United States John Mangudya Reserve Bank Zimbabwe Governor John Mangudya Sibanye Gold

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Ivanhoe Mines' Kamoa-Kakula Signs Term Sheet to Export Copper Along Lobito Atlantic Railway Corridor

Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025■Lobito Corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-Kakula■Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development■Lobito Corridor is supported by the United States and G7 nations th...
Cape Town Western Cape South Africa Democratic Republic Of The Congo British Columbia Walvis Bay
Source: yahoo.com

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