LOSING OUT

Soaring world metal prices have failed to shield Zimbabwe's mining sector from a severe economic crisis, while plans by President Robert Mugabe to nationalise foreign-owned firms may harm the sector further, analysts say. Zimbabwe has the second largest platinum reserves in the world after South Africa and large gold, nickel and coal deposits but mines find it difficult to expand in the face of a worsening economic crisis. - Reuters

Soaring world metal prices have failed to shield Zimbabwe's mining sector from a severe economic crisis, while plans by President Robert Mugabe to nationalise foreign-owned firms may harm the sector further, analysts say. Zimbabwe has the second largest platinum reserves in the world after South Africa and large gold, nickel and coal deposits but mines find it difficult to expand in the face of a worsening economic crisis. - Reuters

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