Mimosa Pudica

Hi everybody,
I just bought a piece of land and plan to practice permaculture on it. The first problem I face now is that the land is fill with mimosa pudica, a kind of prickly weed and it's spreading fast. Does anyone knows how to deal with it or at least control it. I'm thinking if there are any cover crops that can combat it.
Yip (Malaysia)

I was wondering if you were aware that root extracts from Mimosa pudica has been used to inhibit the toxicity and lethality of cobra venom?  Do you have cobra in your area???

You might want to call the university and have them pay you for your Mimosa pudica crop.  Then again, you might want to keep this "weed" because it may prove to be quite valuable.

http://www.sciencedirect.com/science/article/pii/S0378874100003731

Wow, I never know that, but is there a way to control their population? Too much of them cause problem also. Yip

i am aware this topic is over a year old, how did you end up dealing with mimosa pudica unns boy?
on my land, here in vietnam, i have lots of that weed as well. first i was going to rip it out a lot so i can walk barefeet everywhere but then i saw the rich nodules on its roots and something clicked in my head - this is how my internet research on permaculture and a much better garden started ^^;;
anyhow, i am not so far into a perfect garden/ food forest yet but - as a legume mimosa pudica is excellent compost and mulch material and i am using it as living mulch under some trees and even flowerbeds etc, aside from helping the soil i think it keeps the dogs from rummaging in those places because it is so prickly. its flowers are great pollinator instect attractors too!
to get rid of it i think ripping out is your best option. ripping it out (and compost it) before it can throw seeds, its how i killed almost all my tropical kudzu (Pueraria phaseoloides ), which i now let come back once i realized how useful it is. i noticed the end of the rainy season is a good time to remove plants before they seed since things flower and seed when the dry period starts in this tropical region anyway.
my husband had this land cleaned up a couple of times to the point of bad soil erosion and then a cogon grass invasion - which i am battling now by ripping out in some places and letting mimosa pudica and tropical kudzu grow over it in others.