Zim mines hampered

HARARE - Growth in Zimbabwe's mining sector is hampered by a skewed exchange rate policy and the failure of President Robert Mugabe's government to finish proposed changes to mine ownership laws, an industry official said yesterday.

HARARE - Growth in Zimbabwe's mining sector is hampered by a skewed exchange rate policy and the failure of President Robert Mugabe's government to finish proposed changes to mine ownership laws, an industry official said yesterday.

The mining sector has overtaken agriculture as the top foreign currency earner in the crisis-hit southern African country now deep in its sixth year of recession.

"Growth in the mining industry is literally ready to take off as soon as a few fundamentals are in place," Chamber of Mines president Jack Murehwa said. - Reuters

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