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October 28, 2009
Zim mining chamber proposes less harsh law
Zimbabwe's Chamber of Mines has made proposals for the country's mining bill that seek to strike a balance between attracting investors and indigenisation, to reassure foreign investors worried by talk of nationalisation.
An initial bill, which sought to force foreign mining firms to sell 51% shares to locals and gave 25% equity without paying in some companies, raised concerns among investors, but lapsed before it was passed.
Posted by StaffWriter at October 28, 2009 10:25 AM