Mining is ours so part with 51%: Chinamasa

[miningmx.com] – ZIMBABWE is to clarify its local ownership laws in months in which sectors will be treated differently from one another, although investors in mining will have to part with control of their assets, said Bloomberg News.

“Any investor who comes to exploit our natural resources will be treated differently than for example an investor that’s coming into banking or an investor coming into manufacturing, who is coming with his capital, with his equipment,’ finance minister, Patrick Chinamasa told Bloomberg News.

“Mining will be treated differently because the mineral is ours, it belongs to the state,’ he said.

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