Published: 05 July 2013

Government is mulling listing its interest housed under state mining vehicle Zimbabwe Mining Development Corporation on the ZSE as part of a broad-based empowerment initiative expected to see shareholding cascade to the general public, Mines minister Obert Mpofu has said adding groundwork to list shares owned by ZMDC in various mining companies was at an advanced stage.

"ZMDC is not like an investment company, but a warehouse of people's shares and very soon we will be releasing those shares to the people," Mpofu said.

Mpofu said progress on the policy considerations were at an advanced stage and are in line with the new Mines and Mineral Policy which government is currently working on.

Mpofu said although state resources were said to be benefiting a few individuals, his department was aware of the broader economic contribution made by mining companies and the proposed listing of ZMDC would ensure direct public access to the shares.
- news

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