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LONDON TO A BRICK
How Western miners make big money in Zimbabwe
Zimbabwe, it has oft been reported, is a basket case of a country renowned for human rights violations and a severely dysfunctional economy. Inflation is running at about 60%. And yet, some Western miners have been making money there, big time, prompting investors in London to sit up and take notice.
Step forward ASX-listed Prospect Resources which cut a deal recently to sell its 87% stake in the Arcadia lithium project to a Chinese company for a whopping $377.8 million. Admittedly, that's before Prospect...
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