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congress in Victoria Falls DPM Mutambara said one of the major problems around natural resources in Africa is that when most countries gained independence, they changed political and human rights laws but didn’t touch the natural resource laws.
He said some private companies are holding on to mineral claims for speculative purposes.
He said while foreign owned companies know the full value of mining claims, Africans generally do not know the value of assets underground, a situation he described as information asymmetry.
Online Reporter