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Govt offers target-beating incentive for biggest gold miners

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By Bloomberg news


Zimbabwe extended an incentive for the country’s biggest gold miners to produce above state-set output targets.

Large producers that exceed their goals will receive 80% of the payment for the additional output in foreign currency, Deputy Mines Minister Polite Kambamura said in an interview.

That compares with the existing 60-40 split between foreign and local currency payments for gold produced in the southern African country.