Friday, 2 November 2012

Breaking News 66: Voice of America: Platinum Giant Cedes Majority Stake in Zimbabwe

Breaking News 66
World news.....www.breakingnews66.koolcentre.in,movies news.....www.koolcentre.in
Voice of America: Platinum Giant Cedes Majority Stake in Zimbabwe
Nov 2nd 2012, 18:02

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
Platinum Giant Cedes Majority Stake in Zimbabwe
Nov 2nd 2012, 15:51

The world's largest producer of platinum has bowed to pressure to cede 51 percent of its mining operations in Zimbabwe to local black concerns - under President's Mugabe's controversial indigenization policy.  The Anglo American Platinum announcement comes as the company struggles with wildcat strikes in South Africa.  Zimbabwe, meanwhile, is stalled in getting financial support from the International Monetary Fund (IMF), due in part to concerns that the indigenization policy chases ...

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