Zimbabwe: Essar to Get Mining Rights ? Minister

INDUSTRY and Commerce Minister Welshman Ncube says there are no sticking issues to the transfer of mining rights to Essar Global, which acquired a 60 percent stake in Ziscosteel from Government.

The US$750 million deal appeared to be on the rocks following reservations from the Ministry of Mines and Mining Development that Essar had acquired most of Zimbabwe's iron ore mining rights, held by Buchwa Iron Ore Mining Company for a pittance.

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