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Zimbabwe Shuts Out Foreign Miners

Chinese Firms Are Exempt as Government Gives Companies Until Sept. 25 to Sell Majority Stakes to Local Investors .

Chinese companies, including those mining diamonds in Marange, will be exempt from indigenization regulations because they are carrying out "national projects," said Indigenization and Empowerment Minister Savior Kasukuwere. Chinese officials have also publicly argued against imposing sanctions on Mr. Mugabe and his associates.

During a visit last week, Vice Premier Wang Qishan pledged nearly $700 million in loans to Zimbabwe for a host of industries, including mining, and asked the government to protect Chinese investments from indigenization.

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