Zimbabwe gained independence from the UK in 1980 and black-majority rule was cemented through Robert Mugabe being instated as Prime Minister in 1987. He has dominated the country’s political landscape for the past 20 years.
Zimbabwe's economy is basically agricultural. Corn is the chief food source, and cotton and tobacco the principal cash crops. Other products include sorghum, peanuts, wheat, sugarcane, soybeans, and coffee. There are also numerous tea plantations in the country; dairying is important in the high veld. Forests in south-eastern Zimbabwe yield valuable hardwoods, including teak and mahogany. The country is rich in mineral resources, including gold, platinum, diamonds, nickel, asbestos, tin, iron, chromite, copper, and coal. Among Zimbabwe's industrial products are iron and steel, cement, foodstuffs, machinery, textiles, and consumer goods.
Despite recent economic and political instability, Zimbabwe boasts good infrastructure, skilled labour and relatively easy access given its close proximity to South Africa.
Central African Gold acquired an 84.7% interest in Falgold and the entire issued share capital of Olympus Gold Mines Limited, two Zimbabwean-based gold mining companies on 1 March 2007.