Loading ...Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which part pays them in local currency that’s worthless outside the country.
That law is making it hard to raise capital for investment projects, according to B2Gold Corp. and Caledonia Mining Corp., which are considering acquiring assets in Zimbabwe. B2Gold Chief Executive Officer Clive Johnson said the Canadian company has held talks with the government about changing the rules to unlock investment.