tinerant Resources will partner with a gold exploration/production company. The real interest in the Montezuma licence lies not in what has been done but what has not been done. It seems that systematic exploration has hardly begun with over 1,000 ha unexplored. Itinerant Resources _ Gold and Mineral Explorer focused on Zimbabwe

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June 2010
2010-06-14

Indigenization Economic Empowerment 'IEE' requires foreign firms to have at least 51% shareholding by local Zimbabweans.


Indigenization Economic Empowerment 'IEE' requires foreign firms to have at least 51% shareholding by local Zimbabweans.

The Chamber of Mines suggests indigenous investors in the sector should hold a minimum of 15% in foreign-owned mines. The balance to make up 51% should comprise of equity equivalents.

Indigenization regulations are being formulated and once established will bring certainty to the market.

"Government has no intention of expropriating the mining industry. No mine has been nationalized since independence. The record speaks for itself."


President Robert Mugabe,
The Herald,
3rd June 2010