PLANS by Zimbabwe to force mining companies to list have been formally abandoned in an effort to attract fresh investment in the sector, said Reuters. This was after the government adopted amendments to its mining bill.
Mines minister, Winston Chitando, last month promised to remove the requirements, which he said caused panic among foreign mining firms and were contrary to the government’s push to open the country to foreign investors.
Zimbabwe said it had turned over a new leaf following the ouster of former president, Robert Mugabe, in November.
