Diamonds, News & Features, Resource News
Rio Tinto to surrender 51% stake in Zimbabwe diamond unit
By Mineweb · October 10, 2011 · 11:44 pm · Leave a Comment
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By MacDonald Dzirutwe
Rio Tinto has told Zimbabwe’s government it will give up a 51 percent stake in its local diamond unit Murowa, state media reported on Saturday, making it the first foreign-owned firm to voluntarily comply with the country’s local ownership law.
“Murowa Diamonds wrote to us (on Thursday) saying they have given up 51 percent of shares and these would be given to our people,” Kasukuwere told the official Herald newspaper.







