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Zimbabwe Still Talking with Foreign Miners

Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.

Firms such as Impala Platinum's local unit Zimplats have asked for an extension of the deadline to submit empowerment plans.

"Our teams are now working with some mining companies that have asked for more time to work on their new proposals and we will keep the public updated on the developments," Empowerment Minister Saviour Kasukuwere told the Herald, which is regarded as a government mouth piece.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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