MINES
Zimbabwe: mining operations allowed to import fuel directly
Faced with the shortage of US dollars affecting the country, the Harare authorities have resolved to allow mining operators to import directly the fuel needed to run their equipment. Until then, the Central Bank of Zimbabwe provided between US$80 million and US$100 million per month to companies wishing to import fuel. However, very quickly, the financial institution had to face a decline in its dollar reserves, which put large companies, particularly mining companies, at risk.