Zimbabwe to Scrap Platinum and Diamond Mine Ownership Rules

A rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment, Finance Minister Mthuli Ncube has said. President Emmerson Mnangagwa has sought to water down some of the contentious rules of his predecessor, former president Robert Mugabe, as mining investment had dried up.

Finance and Economic Development Minister Mthuli Ncube (file photo).


AllAfrica publishes around 800 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.