HARARE, April 5 (Reuters) – Zimabwe’s government raised the
stakes on Thursday in its drive to wrest majority control of
foreign mining companies, with a minister saying the state now
considered it owned 51 percent of firms that have not complied
with local ownership laws.
“All mining companies that have not complied … should note
that 51 percent of their shareholding is now deemed to be owned
by the state,” empowerment minister Saviour Kasukuwere said in a
statement.
(Reporting by Nelson Banya, writing by Ed Stoddard, Editing by
Ed Cropley)
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