London-based mining giant Anglo American has defended plans to develop a platinum mine in Zimbabwe. The project in the central district of Unki would be worth about $400m (£200m) and would be Zimbabwe's largest foreign investment
Analysts said that Anglo American's move was driven by a desire to boost profits, as demand for commodities grew and rivals stepped up competition for resources in Africa - including firms from China. The increased demand for platinum, used in the electronics industry and in catalytic converters for cars, has caused world prices for the metal to soar.
We have reported previously on Anglo-Americans greed and are not surprised they ignore political advice
"Where businesses are helping the Zimbabwean regime, they should reconsider their position now," Prime Minister Gordon Brown told MPs on Wednesday.
Commentary and analysis to persuade people to become socialist and to act for themselves, organizing democratically and without leaders, to bring about a world of common ownership and free access. We are solely concerned with building a movement of socialists for socialism. We are not reformists with a programme of policies to patch up capitalism.
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