UPDATE 1-Zimbabwe will not cancel mining licences-minister

Zimbabwe had no intention of canceling the mining licences of foreign companies and will continue talks with some miners over a law requiring them to give Zimbabweans a 51 per cent stake in their local holdings, the country’s mines minister said on Wednesday.

Companies such as Zimplats , the local unit of South Africa's Impala Platinum, have been in talks with the government for months over the law, which analysts have said was unworkable.

Reuters