Chinese-made mining equipment worth $5-million is to be delivered to small-scale gold miners in Zimbabwe by the end of August as the first consignment of a much bigger deal that has been in abeyance since 2012, owing to failure by the Southern African country to guarantee a loan from the China Development Bank to fund the acquisition. Mines and Mining Development Deputy Minister Fred Moyo told the media in Harare recently, on returning from China, that, under the deal, the Chinese Development Bank will provide a $100-million loan for the acquisition of mining equipment for small-scale miners.
