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African development banks are seen as the most likely funders of Caledonia Mining Corporation’s planned $250 million gold mine in Zimbabwe, the mining company’s CEO Mark Learmonth said on Wednesday.
The southern African country has significant mineral resources, including platinum group metals, gold and lithium, but has struggled to attract investment due to economic instability and jitters over property rights after the government seized white-owned farms at the turn of the century. The company is in preliminary talks with the “most likely lenders”, Learmonth said during a conference call.
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