(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.
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...