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Mining is the biggest source of foreign exchange for Zimbabwe, which has the world's largest platinum reserves after South Africa and also has deposits of chrome and iron ore.

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The team has been working on the project since 2014, with the simple intent of commercializing graphite out of a mine in Mexico, Urbix Chairman Nicolas Cuevas told Mining.

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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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