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Zim dollar devaluation boosts Caledonia

© CALEDONIA Mining Corporation (Caledonia) says its financial performance during the second quarter of 2019 was boosted by the Zimbabwe dollar’s devaluation after the company realised significant cost savings and foreign exchange gains. Since February, when Harare reintroduced the currency after a decade of a multicurrency, without the domestic unit, its exchange rate against the…

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