The threat of news that President Robert Mugabe wants to nationals 51% of all mines owned by foreigners has been put on hold.

The Bill that was introduced to the Zimbabwean parliament in 2007 was lapsed prematurely when President Mugabe dissolved the parliament ahead of the planed election of March 29. The Bill allowed for foreign owners to be reimbursed for only 26% of their stake and shares. The Rio Tinto Mine is the only mine with reasonable production that accounts for about 78% of the local production.

By Nicky James for Cozdia