CoMZ chief executive officer, Isaac Kwesu
THE Chamber of Mines of Zimbabwe (CoMZ) has said government should revisit the indigenisation law on platinum and diamonds miners in a bid to lure foreign capital to the relatively undeveloped sub-sectors, which still require huge capital outlays.
President Emmerson Mnangagwa’s administration has removed the local ownership requirement for foreign investment in all sectors, except diamond and platinum mining.
Investors in the two sub-sectors still have to comply with the 51 percent indigenous ownership threshold.