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Zim withdraws controversial mining bill

Published Date: July 27, 2009
Source: miningmx.com

Zimbabwe's new inclusive government has withdrawn from parliament the country's controversial mining bill that would have forced foreign-owned mining firms to cede a controlling stake to Zimbabweans.

Citing Zimbabwe's Mines and Mining Development permanent secretary Thankful Musukutwa, The Zimbabwe Guardian said on Monday that the draft law had been withdrawn to allow for stakeholder consultation.

The withdrawal of the bill is in line with promises made by Zimbabwean Prime Minister Morgan Tsvangirai last month.

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