Zimbabwe Moves to Secure Increased Ownership in Mining Projects

Zimbabwe is set to increase its ownership in mining projects, targeting a 26% stake in new ventures and negotiating similar terms for existing operations, reflecting a trend among African nations for higher control over mining resources.

Zimbabwe is positioning itself alongside various African nations by seeking to increase its ownership interest in mining ventures. The government plans to implement a 26% free carry interest in new mining projects and will pursue a similar arrangement with current operators. This strategy reflects a wider trend among African countries aiming to enhance their stake in the mining sector.

In summary, Zimbabwe’s initiative to secure a 26% ownership stake in new and existing mining projects underscores its commitment to strengthen its influence in the mining industry. This move aligns with a broader pattern observed among several African states seeking greater control and benefits from their natural resources.

Original Source: www.northernminer.com