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Gold, Diamond Miners Risks 4 Months of Production Loss

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[The Herald] ZIMBABWE gold and diamond miners risk four months loss of production due to delays in approval lead time to pay foreign suppliers currently ranging between 10 to 20 days. The retention of 100 percent gold and diamond proceeds set by the Reserve Bank of Zimbabwe implies that the producers have no buffer to fund immediate foreign input payments for production requirements and must apply through the central bank for every cent they need to pay out to foreign suppliers. ......

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