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hfields

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hfields

Re: NYBob post# 1243

Friday, 07/15/2011 9:11:59 PM

Friday, July 15, 2011 9:11:59 PM

Post# of 5870
Thanks for that information. After looking at that link, it looks like the indigenisation plan has been suspended.


20.01.2011 17:19:54 Zimbabwe Mining Report Q1 2011 - a new market research report on companiesandmarkets.com

(live-PR.com) - Indigenization and Empowerment Act suspended for now

In a dramatic policy U-turn, the Zimbabwean government has now stated
that its controversial Indigenization and Empowerment Act –
whichoriginally called for a 51% stake in all mining companies
(with assetsover US$500,000) to be divested to indigenous
Zimbabwean groups within afive-year period – has been suspended -
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