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Article

25 Jun 2008

Author:
David Robertson & Philip Webster, Times [UK]

Outrage over £200m UK investment in Zimbabwe

Anglo American…is to make what is believed to be the largest foreign investment in Zimbabwe to date, just as the British Government puts pressure on companies to withdraw from the country. Anglo will invest $400 million (£200 million) to build a platinum mine…The decision, which was criticised…as likely to give succour — and possibly money — to the Mugabe regime, is in stark contrast to the policy of nearly all other main British corporations in Zimbabwe. They are either withdrawing from the country or waiting for Mr Mugabe to be deposed before expanding their businesses. A spokesman for Anglo said: “We are developing the…platinum project because we have responsibility to our employees, contractors and the local community. We are keeping the situation in Zimbabwe under close watch.” [also refers to Rio Tinto, British American Tobacco, Barclays, BP, Shell, WPP]