Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due procedure was followed. Rio Tinto disposed of its 78% stake in the Murowa diamond mine and also sold off its 50% interest in the Sengwa coal mine. Both stakes were disposed of to RioZim, a separate, locally-listed entity that held 22% in Murowa and about half of Sengwa. Zimbabwe’s Deputy Mines …
