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Tuesday, November 20, 2007

Mugabe grabs platinum and diamonds

Highlight: The proposals are regarded by economists as the logical extension of the lawless invasions of white-owned farms that began in 2000 and set off the decline of one of the most prosperous countries in Africa.

The Bill specifies that any company showing “wilful noncompliance” in surrendering its shares will have its mining licence cancelled. Any future mining investments will be required to give the controlling share to the Government or black Zimbabweans. “It is going to put a stop to all new mining development,” said Mr Robertson. Full Story

Read the story and comment. I don’t see anything wrong with the brother trying to inch out white-owned mining companies in Africa. I must need some background. *rolls eyes*