Tuesday, March 07, 2006

Because it worked so well on the farms

it looks like Zimbabwe is set to nationalize the mines. From Business Day (via allafrica.com):
According to media reports in Zimbabwe and local sources, Zimbabwean Minister of Mines Amos Midzi told the Zimbabwe Chamber of Mines last week that the cabinet had approved draft proposals to require mining companies to surrender 51% of their assets to the government and/or indigenous groups, depending on the commodity. The government would pay only for 26% and the remainder would be a "free carry".

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