EU Strips Zimbabwe Mining Development of Sanctions

Reuters reported that the European Union has decided to remove the sanctions on state-run Zimbabwe Mining Development Corp. even though concerns remain that it was mixed up in “alleged fraud in a July election that kept President Robert Mugabe in power.”

As quoted in the market news:

EU governments have ‘begun the process of delisting’ the Zimbabwe Mining Development Corporation, the diplomat said after senior EU diplomats discussed the issue at a Brussels meeting.

Click here to read the full Reuters report.