Exchange rate disparities hit Zim mining industry

AdvertisementsZIMBABWE’S mining sector is losing at least 20 percent of gross export proceeds on the back of exchange rate disparities, an industry survey has shown. The miners, who generated US$3,4 billion between January and October are the biggest contributors to the foreign currency auction, providing US$1,38 billion under the 40 percent export proceeds surrender requirements.Advertisements…

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