Zimbabwe is enforcing a new policy to secure a 26% ownership stake in all new mining projects and will seek similar arrangements with existing mining operators as part of a broader trend among African nations to increase government stakes in the mining sector.
Zimbabwe is aligning itself with several other African nations aiming to increase governmental stakes in mining ventures. The country is instituting a mandate that will grant a 26% free carry interest in all new mining initiatives, with intentions to pursue a similar stake in current operations. This strategic move is part of an effort to enhance national ownership and influence in the mining sector.
In summary, Zimbabwe’s decision to secure a 26% equity stake in new mining projects reflects a broader trend among African countries to assert greater control over their natural resources. This initiative aims to strengthen the government’s presence in the mining sector and negotiate similar agreements with existing operators, promoting national interests.
Original Source: www.northernminer.com
