THE Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country’s biggest platinum producer.
Zimbabwean policymakers are debating a bill that will require mining companies to list the majority of their shares on the local exchange or risk losing their mining rights as President Emmerson Mngangagwa’s administration grapples with rebuilding an economy that halved in size under former President Robert Mugabe. Impala Platinum Holdings Ltd., the owner of Zimplats, said earlier this month the proposals will strangle investment and growth in the industry.
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