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Article

9 Dec 2009

Author:
New Zimbabwe

Old Mutual reviews stake in Reclamation

Insurance giant Old Mutual Plc, has announced that it reviewing its stake in scrap metal recycler New Reclamation Group Ltd which partnered the Zimbabwe government in mining diamonds in Marange...“We are aware that Reclamation recently engaged with the Zimbabwean government regarding an investment in the mining industry and we are reviewing our holding,” the company said in a statement. Old Mutual’s move follows pressure from rights groups who claim human rights violations in the diamond fields...