|The ZIMBABWE Situation||Our
thoughts and prayers are with Zimbabwe |
- may peace, truth and justice prevail.
|Zimbabwe to amend mining act|
|www.chinaview.cn 2004-04-04 16:01:25|
†††† HARARE, April 4 (Xinhuanet) -- The Zimbabwean government is proposing to amend the present Mines and Minerals Act to give locals a 49 percent equity in all foreign and private mining concerns as part of its accelerated black empowerment drive, the Sunday Mail reported.
††††A draft of the Mines and Minerals Amendment Bill will be soon tabled in the parliament, which will seek to amend the present Mines and Minerals Act to give 49 percent shareholding to "historically disadvantaged persons."
††††Public listed mining operations will offer 25 percent equity tolocals while foreign and privately owned mines will offer a 49 percent equity.
††††The draft bill, which was last week widely circulated to several stakeholders such as multinational companies, the Chamber of Mines and privately owned mining enterprises, is understood to have sent tremors throughout the mining sector, with some foreign companies reportedly resisting the move.
††††The draft bill defines historically disadvantaged persons as "any person, category of persons or community disadvantaged by unfair discrimination before April 18, 1980."
††††The draft bill is said to be receiving strong opposition from some foreign mining companies who were reportedly worried by the 49 percent quantum.
††††It is said that some foreign and privately owned mining companies were crying foul, saying the bill was negative and amounted to "nationalization" of their operations.
††††Minister of Mines and Mining Development Amos Midzi said that his ministry was presently engaging in extensive consultations with the various stakeholders in the mining sector.
††††"We are going to do it in such a way that it does not affect the present mining operations," explained Midzi.
††††Through the consultations, the ministry's objective would be toensure an increase in the mining sector's contribution to the country's gross domestic product (GDP).
††††Presently, the mining sector contributes about 6 percent to thecountry's GDP.
††††Meanwhile, Permanent Secretary for Mines and Mining DevelopmentEdgar Chiguduhas said there was no need for panic in the mining sector as the draft bill was still open to amendments before the drafting of the final bill to be presented to the parliament.
††††"There is no reason for panic as the draft was just an internalpaper prepared as a basis for discussion with the relevant stakeholders and the mining industry," said Chigudu.
|Zimbabwe condemns Congo coup attempt|
|www.chinaview.cn 2004-04-05 05:32:27|
††††HARARE, April 5 (Xinhua) -- The Zimbabwean government here on Monday condemned last week's coup attempt in the Democratic Republic of the Congo (DRC) where four military bases around Kinshasa, the capital, were attacked by armed assailants.
††††In a statement, the Ministry of Foreign Affairs said the government condemns the attempted coup aimed at removing the legitimate government in the DRC through unconstitutional means.
††††"This treasonous act is no doubt the work of those who want to see the reversal of the significant gains made by parties in the DRC towards achieving lasting peace and stability in that country. ††††
††††"Coming closely after another recent coup attempt in EquatorialGuinea, the development is a direct challenge to the African Union's efforts to rid Africa of the perception by its detractors as a continent characterized by perpetual conflict and instability," the ministry said.
††††It said Zimbabwe was in solidarity with the government and people of the DRC and urged them to continue to work together in consolidating the gains made so far in the peace process.
††††The DRC authorities foiled the coup attempt in Kinshasa in which one soldier was killed and two others injured during attacksat the Kokolo and Tshatshi military barracks, Ndolo air base and the naval base on the River Congo, north of Kinshasa.