Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
The first shipment of iron ore from African Minerals’ Ltd Tonkolili mine in Sierra Leone has left for China, the West African state’s deputy minister for natural resources said on Friday. African Minerals started mining late last year and had since been stockpiling the ore. It expects to export about 1.2 million tonnes of iron ore during the current fourth quarter.
