Impala Platinum, the world's second-largest producer of the precious metal, said on Thursday a Zimbabwe government threat to remove the licence of its unit in the country Zimplats' had fallen away.
Zimbabwe has no intention to cancel the mining licenses of foreign mining groups and will continue talks with some miners over a law requiring them to give Zimbabweans a 51 percent stake in their local holdings, the country's mines minister said on Wednesday.
Mining projects worth $260 million were approved in the first half of 2011, over triple the same period last year, the president of the country's chamber of mines said on Wednesday.
A timeline of Moammar Gadhafi's rise to power and this his fall from power.
Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.
The Zimbabwean unit of Impala Platinum, the world's second-largest producer of the precious metal, said the government had taken steps to revoke its operating licence and it remained in talks with authorities.
The Zimbabwe unit of Impala Platinum, the world's second largest producer of the precious metal, said on Thursday that the Zimbabwe government had taken steps to revoke its operating license but it remained in talks with authorities.
Zimbabwe's government is threatening more than 50 foreign-owned mining companies with the loss of their licenses after they allegedly failed to submit acceptable indigenisation and empowerment plans.
Robert Mugabe, who has been in power since 1980, has prostate cancer which has spread to other organs.
In a fiery message broadcast on Syria-based television channel on Thursday, the fugitive Libyan ruler Muammar Gaddafi vowed to come back and defend his country from the ‘colonial power’.
American Dwight Phillips reclaimed the world long jump title on Friday, leaping 8.45 meters on his second and final valid attempt to see off the challenge of Australian Mitch Watt.
A government crackdown on anti-Museveni protesters in April led to the deaths of at least nine people.
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Zimbabwe's foreign minister said his country will not recognize the Libyan group’s rebel National Transitional Council (NTC) as the legitimate ruling entity.
Gadhafi escaping to Zimbabwe is not entirely far-fetched
Usain Bolt signaled that reports of his vulnerability might be exaggerated when he stormed to the quickest time in the first round of the 100 metres heats at the world championships on Saturday.
A decree by Zimbabwe's government that foreign mining companies must submit plans for turning over majority control of their operations to locals has divided top officials into supporters and opponents.
Zimbabwe has reduced penalties for foreign companies that violate a government mandate to sell a majority of their shares to locals, according to a government notice obtained on Thursday.
The Tanzanian government said it is committed to wiping out sexual abuse and rape of children.
The 93rd U.S. PGA Championship, the year's final major, began at Atlanta Athletic Club under sunny skies Thursday as four-times winner Tiger Woods prepared for an early morning teeoff.
Italy's problem is not a high budget deficit but chronically weak growth, and forcing it to frontload austerity measures just as its economy is moving into yet another downturn may prove dangerously counter productive.
"Cameron and his government must leave after the popular uprising against them and the violent repression of peaceful demonstrations by police," Libya's state news agency Jana quoted Deputy Foreign Minister Khaled Kaaim as saying.