Zimbabwe: 'Mat North Ready for Ownership Trusts'

17 October 2012

MINING companies operating in Matabeleland North are to donate shares to the Community Share Ownership Trusts in line with the indigenisation and empowerment programme, Mines and Mining Development Minister Dr Obert Mpofu has said. President Mugabe is expected to launch the scheme once the dates are announced.

Speaking during celebrations to mark Makomo Resources' second anniversary, Dr Mpofu said local communities in the province would have a 10 percent stake in the mining firms.

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