Harare - Mining firms in Zimbabwe have mostly met a
September deadline by which they were required to submit plans to transfer a
51% stake in their operations to locals, Empowerment Minister Saviour
Kasukuwere said on Thursday.
The heavily criticised law is aimed mainly at mining firms
and banks operating in a resource-rich state that has become an economic basket
case because of what analysts say are years of mismanagement by President
Robert Mugabe's government.
"I am pleased to say that the deadline we set has been
largely met by mining firms," Kasukuwere told journalists.
"I’m happy that the bulk of the major players are engaged with us and are complying. Areas of disagreement are being handled between the mining firms and ourselves. What is left now is the implementation."