Zimbabwe Pursues Increased Ownership in Mining Projects

Zimbabwe is enhancing its engagement in the mining sector by seeking a 26% free carry interest in new mining projects and negotiating similar deals with existing operations, reflecting a trend across Africa towards increased local ownership.

Zimbabwe is joining a growing number of African nations seeking increased ownership in mining ventures. The country intends to secure a 26% free carry interest in all new mining projects and aims to negotiate a similar stake with current mining operators. This approach reflects a broader trend across the continent toward higher local ownership in natural resource industries.

In conclusion, Zimbabwe’s initiative to acquire greater stakes in mining projects underscores a significant shift in policy among African nations. By pursuing a 26% free carry interest, Zimbabwe aims to enhance local ownership and benefits from its mining sector, aligning itself with regional movements advocating for increased equity in natural resources.

Original Source: www.northernminer.com