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UPDATE 2-Zambia to buy gold from miners to bolster foreign reserves

(Adds deal between central bank and ZCCM-IH, quotes) LUSAKA, Dec 11 (Reuters) - The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals and the state mining firm as it resumes holding the precious metal as part of its foreign reserves, the central bank governor said on Friday. The southern African nation - a major copper producer - became Africa’s first pandemic-era sovereign default last month after it failed to pay a coupon on one of its dollar-denominated bonds...
William Maclean Chris Mfula Elaine Hardcastle Rudi Badenhorst Christopher Mvunga Thomson Reuters Trust Principles

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