Loading ...Investors are encouraging Africa-focused Caledonia Mining (TSE:CAL) to expand operations in Zimbabwe, given the new political climate in the southern country.
Following the ousting of president Robert Mugabe, the new Emmerson Mnangagwa administration decided to knock out the rule that established that all mines had to be 51 per cent owned by Zimbabweans. Only diamond and platinum assets must comply with the order now.
Given this new scenario, Caledonia’s head of corporate development Maurice Mason told Reuters that the company has plans to work on mines that had previously been forced to shut because of a lack of investment.
cont. http://www.mining.com/caledonia-wants-expand-zimbabwe/