Zimbabwe to increase gold production following adoption of gold-backed currency

HARARE, May 20 (Xinhua) -- Zimbabwe is targeting to increase its gold production following the adoption of the gold-backed currency Zimbabwe Gold (ZiG), a senior government official said on Monday.

"The ZiG currency is anchored to gold reserves. It then becomes very critical to ensure that we unlock the full potential of our gold resources, and of our gold sector," Mines and Mining Development Minister Winston Chitando said while addressing the media during a gold mobilization workshop send-off program held in Harare, the capital of Zimbabwe.