Zimbabwe gives Rio ‘part approval’

[miningmx.com] — RIO Tinto’s Murowa diamond mine in Zimbabwe said on Wednesday it had been given “part approval” for its plan to comply with a government demand that foreign mining houses tarnsfer 51% of their local equity stakes to black investors in the country.

“Murowa Diamonds has received part approval … and intends to proceed with implementing a community equity component of that plan,” Murowa managing director Niels Kristensen said in an e-mailed response to questions from Reuters.