Bloomberg News

Zimbabwe Won’t Cancel Mining Licenses Over Law, Minister Says

September 14, 2011

Sept. 14 (Bloomberg) -- Zimbabwe won’t cancel mining company licenses because of the country’s ownership law, Obert Mpofu said.

“We have no intentions of canceling of any licenses,” Mpofu said in a speech today at a mining industry conference in the capital, Harare. “There are negotiations with some parties.”

Zimbabwe have asked foreign companies to submit plans on how they will meet a law to sell 51 percent of local assets to black Zimbabweans.

To contact the reporter on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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