The Conversation (0)
Mineweb reported Zimbabwe’s President, Robert Mugabe, is rumoured to be in poor health, and the country’s platinum miners are hoping for change.
Mineweb reported Zimbabwe’s President, Robert Mugabe, is rumoured to be in poor health, and the country’s platinum miners are hoping for change.
As quoted in the market news,
Reports that Zimbabwe President Robert Mugabe, who retains tight control over the country, appears to be giving the country’s foreign-controlled mining companies some hope of respite from the indigenisation law that is forcing them to hand over 51% of their operations to local ownership. Some have already acceded – notably Rio Tinto with its diamond operation at Murowa – while others, particularly the country’s platinum miners, seem to be prevaricating as long as possible in the hope that things may change and the law repealed or softened under a future post-Mugabe government. But with increasing pressure being put on them to accede, time is running out.