$260M in Zimbabwe Mine Projects Approved

Source:

"Zimbabwe's investment climate is riddled with uncertainty as the government tries to force foreign miners to give majority stakes."

Reuters, Nelson Banya

Mining projects worth $260M were approved in the first half of 2011, over triple the same period last year, the president of the country's chamber of mines said on Wednesday.

Zimbabwe has an abundance of minerals including the world's second largest platinum reserves but the investment climate is riddled with uncertainty as the government tries to force foreign miners to give majority stakes in their local operations to black investors in the country. . .View Full Article

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