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Zimbabwe in ‘advanced’ talks with investor over 6 ton gold mine

The gold mine would be triple the size of the largest gold operation currently in the country.
Zimbabwe is in talks with a 'key' foreign investor over the establishment of a gold mine. Image: Pedro Lobo, Bloomberg

Zimbabwe is in advanced talks with a “key” foreign investor over the establishment of a gold mine that would be triple the size of the largest gold operation currently in the country.

The mine will produce 6 metric tons of gold a year, the mines ministry said in a presentation, without giving further details.

Read: Tharisa has right to all of $4.2bn Zimbabwe platinum mine

© 2019 Bloomberg L.P.

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Now here’s a real opportunity for this specific mine to start its own Crypto-currency…..since it will REALLY be backed by gold.

(….how many crypto tokens current exist of late, with in increasing number claiming to be “backed by gold”(to instill trust) by an imaginary mine or mining consortium? Like it’s the latest fad in crypto coins.)

How do they know they will get 6m ton a year?

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