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Headline : AFDB looks forward to funding a $250 million gold mine in Zimbabwe 

Read more from the original article on here at nairametrics.com.






Tags : #afdb #looks #forward #funding #250 #million #gold #mine #inzimbabwe


No. of Paragraph 23

The African Development Bank (AFDB) has shown great interest in funding Caledonia Mining Corporation’s planned $250 million gold mine in Zimbabwe.

The information was relayed by Mark Learmonth the company’s CEO.

According to Reuters, Caledonia which already owns a blanket gold mine in Zimbabwe is conducting a feasibility study with the aim of constructing a new mine at Bilboes with a capacity to produce 170,000 ounces of gold annually, making it potentially the country’s biggest gold mine.

The company is in preliminary talks with the “most likely lenders”, Learmonth said during a conference call.

Read more from the original article on here at nairametrics.com.


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