B2Gold Corporation, a Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe.
“There is really a strong case and we are making that case in Zimbabwe,” Johnson said in a November 24 interview. “We are looking at it as intriguing potential with some advanced projects as well as exploration potential.” Zimbabwe desperately needs fresh investment in its key mining sector to reboot a struggling economy. Still, forcing gold miners to sell the bulk of their bullion to the central bank unit, Fidelity Printers and Refiners, which then pays them back partly in dollars and partly in the rapidly depreciating local currency, is unnerving to new investors.
B2Gold would consider buying operating assets in Zimbabwe and may enter into joint ventures, the CEO said. The company could also explore the potential for establishing a milling plant.
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