Zimbabwe plans to increase its ownership in mines by securing a 26% stake in new projects and negotiating similar terms with current operators, reflecting a broader trend among African nations to enhance control over mining resources.
Zimbabwe is poised to elevate its stake in the mining sector by implementing a policy that grants it a 26% free carry interest in new mining projects. The government aims to negotiate a similar equity stake with current mining operators to bolster its ownership in the industry. This move aligns Zimbabwe with other African nations seeking greater participation in their natural resources.
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In conclusion, Zimbabwe’s initiative to secure a 26% ownership stake in new mining projects signifies its commitment to strengthening its influence in the mining sector. By negotiating similar agreements with existing operators, the country aims to enhance its role in managing natural resources, paralleling efforts observed in other African nations. For continued access to industry insights, a TNM membership is recommended.
Original Source: www.northernminer.com
