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Zimbabwe Government to Take Control of Mines

Investing News Network
Dec. 09, 2010 11:26AM PST
Gem Investing

Bloomberg.com reports that the Zimbabwean government is set to take over complete control of alluvian Diamond mines, and 51% of other mines within the country

Bloomberg.com reports that the Zimbabwean government is set to take over complete control of alluvian Diamond mines, and 51% of other mines within the country.

The story is quoted as saying:

The cabinet made a decision that diamonds belonged to the state and must benefit the people of the country, the Harare- based newspaper said, citing Kasukuwere. Government officials will hold talks with South African and Chinese companies working in partnership with the state at the Marange diamond field

To access the full story, click here.

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