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Zambia scoffs at Zimbabwe and South Africa mine nationalization schemes - Mining.com

On Tuesday Zambia’s Finance Minister Dr Situmbeko Musokotwane mocked Zimbabwe and South Africa for planning to forcibly raise government stakes in foreign mines, saying “the Zambian miner in 1970s was a happier miner than a miner during the period of state ownership of the mines.”

Under Zimbabwe’s on-again off-again indigenization policy mining companies were granted until the beginning of June to submit proposals about transferring majority ownership to locals while there are growing calls within the ruling party in South Africa to move ahead with nationalization as called for in the country’s Freedom Charter.

More @: http://www.mining.com/2011/06/21/zambia-scoffs-at-zimbabwe-and-sout...

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