Foreign Miners will not be required to Go Public in Zimbabwe, Govt Confirms

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Zimbabwe will not require foreign mining companies to list locally as previously announced and will remove the clause from a mines amendment bill now before parliament, the mines minister said on Friday.

Reuters reported Winston Chitando to have said the requirement had caused panic among foreign mining firms and it was contrary to the government’s push to open the country to foreign investors.

The mining bill is expected to be adopted by parliament by the end of this month, the chairman of the parliamentary committee in charge of mining and energy, Temba Mliswa, said on Friday.

The southern African nation has seen increased interest from foreign investors since longtime leader Robert Mugabe was deposed following a de facto military coup last November, but financing of projects remains a hurdle.

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