News & Current Affairs
Zimbabwe’s State Miner Risks Asset Seizure Over $93M Debt

Zimbabwe Mining Development Corporation (ZMDC) faces potential asset seizure after failing to settle a $93 million debt stemming from a cancelled joint venture with Amaplat Mauritius Ltd. An international arbitration ruling favored Amaplat, and subsequent enforcement was granted by Zambia’s High Court. ZMDC’s chairman has appealed to the Mines Ministry for state intervention, noting that […]source




