Mining firms could benefit from stability in Zimbabwe 20th August 2008
South African mining firms, which include multiple platinum projects, could benefit from deals to end Zimbabwe's post-election crisis.
Zimbabwe holds the world's second biggest platinum reserves and South African companies could stand to benefit as the country attempts to control its economy and bring back prosperity.
Platinum firms are already considering investments in the country with Impala Platinum stating its intention to pour cash into the industry if political balance can be assured.
Meanwhile, Anglo Platinum also has interests in Zimbabwe and has stated its intention to continue with its investment in its business.
But firms are unlikely to consider the country for investment until problems in the political and economical systems show signs of improvement.
Speaking to Reuters, Moeletsi Mbeki, of the South African Institute of International Affairs, said there would be "no economical rescue" while Mugabe was in charge.
"If there is a coalition controlled by Mugabe then it means donors are financing his crazy economic policies," he explained.
Source:
African firms set to cash in on post-Mugabe deals, 19/08/08
Reuters

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