Wed Jul 6, 2011 | Reuters
HARARE (Reuters) - Zimbabwe could take over mines that fall short of laws requiring them to sell majority stake to local blacks by September, a government minister said on Wednesday.
Saviour Kasukuwere, the Indigenisation and Economic Empowerment Minister told state television that many of the miners had submitted their proposals but they fell short of the empowerment regulations.
"We have now analysed most of the proposals that have been submitted to us and we (are) seeing that many of them actually fall short," Kasukuwere said.
"What we are now doing is basically to invoke the law and ensure that we, as government ... take over those assets if they are not prepared to compromise with the position of government."
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