Zimbabwe Tries to Gain Local Control of Platinum Mines

Reuters reported Zimbabwe’s efforts to change foreign owned platinum mines to locally owned was thrust into chaos as two ministers contradicted each other.

As quoted in the market news:

Kasukuwere’s declaration drew a sharp rebuke from Prime Minister Morgan Tsvangirai, who is sharing power with President Robert Mugabe in a fragile coalition formed three years ago.

He said Kasukuwere had no power to do this and it was not government policy, adding to the confusion over a drive that has often been carried out in an ad-hoc manner.

Click here to read the full Reuters report.