2009-04-15 18:41:04

Gold Mines Might Re-Open in Zimbabwe

(15 Apr 09 - RV) Zimbabwe’s state-run Herald newspaper on Wednesday reported that the country’s largest gold miner, Metallon Gold is negotiating a $10 million loan from local and foreign banks to restart operations at its closed mines.

Such a deal would be good news for the country, since a majority of the country's gold mines shut last year as they struggled with an economic crisis made worse by hyper-inflation, which made the local currency worthless.

But the spokesman for the London-based group Zimbabwe Vigil , Dennis Benton told us ongoing political instability continues to discourage foreign investors from returning to the once-prosperous country... RealAudioMP3

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