The Chamber of Mines Zimbabwe (COMZ) has called for government to make good on its promise to cancel its ownership restrictions on platinum group metals and diamond operations.
COMZ president, Batirai Manhando, said the government had yet to change the legislation stipulating that locals should own at least 51% of all mines in the country.
“These are areas that require huge capital and if you put restrictions I don’t think you would be able to attract a lot of capital,” he said, pointing out that mining was Zimbabwe’s largest source of foreign exchange.
Last month, the Zimbabwean government said there were two new investors looking to develop separate platinum mining projects in the country.
