(MINEWEB, REUTERS) Anglo holding talks with MDC for Zimbabwean mining rights
FINANCIAL TIMES REPORTSAnglo holding talks with MDC for Zimbabwean mining rights
London’s Financial Times says Anglo American is in talks with Zimbabwe’s Movement for Democratic Change to secure platinum mining rights should the party take power.
Posted: Thursday , 14 Aug 2008
JOHANNESBURG (Reuters) - Anglo American
The FT quoted in its European edition two senior MDC figures on Thursday as saying it held talks with Anglo American about possibly granting mining rights to the company's platinum unit Anglo Platinum
South African President Thabo Mbeki is trying to broker a power-sharing deal between President Robert Mugabe and MDC leader Morgan Tsvangirai after widely-condemned polls this year plunged the country further into political and economic crisis.
The FT said the MDC planned to review mining in the country, which has the world's second biggest platinum reserves after South Africa, should it win power.
Neither Anglo American nor MDC officials could immediately be reached for comment on the article.
A deal that wrests at least some power from Mugabe and promotes political and economic stability could spur investment in Zimbabwe, which was once one of Africa's most prosperous countries but now faces spiralling inflation and biting poverty.
Impala Platinum's
Angloplat owns the Unki project and said last month it aimed to start output there in about two years despite criticism by British politicians and investors about investing in Zimbabwe while Mugabe retains power.
(Writing by Rebecca Harrison; Editing by Peter Blackburn)
Labels: ANGLO-AMERICAN, CORRUPTION, MDC, PLATINUM
posted by MrK @ 7:21 PM
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