Zimbabwe Mine Companies Reject State Control, Document Shows
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The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd., rejected a proposal for the state to control mineral production and prices, a draft response from the industry organization obtained by Bloomberg News shows.
Earlier this month, the country’s Ministry of Mines proposed the auctioning of mineral deposits, restricting production of commodities deemed strategic and that the state sell the output from all mines. The ministry is seeking comment from mining companies before taking the proposed policy to parliament to have it passed into law. Zimbabwe has the world’s second-biggest platinum and chrome reserves.