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Sep 18, 2018· Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said.

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Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said.

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This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher prices. Mining experts say the mineral is mostly illegally sold in South Africa.

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Metallon May Pay Suppliers in Gold Amid Zimbabwe Cash Shortage

(Bloomberg) -- Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash ...

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Metallon may pay suppliers in gold amid Zimbabwe cash ...

(Bloomberg) — Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi ...