Zimbabwe is set to take a 26% free carry interest in new mining projects and will negotiate similar stakes in existing operations. This aligns with a growing trend among African states to increase their ownership in mining ventures, aiming to maximize national benefits from mineral resources.
Zimbabwe is moving towards increasing its stake in mining operations, aligning with other African nations seeking greater ownership in the sector. The country has announced a plan to secure a 26% free carry interest in any new mining projects. For existing mining operators, Zimbabwe will also pursue negotiations to establish a similar ownership stake.
Zimbabwe aims to bolster its position in the mining industry by securing significant ownership interests, which may enhance its economic benefits from mineral resources. The initiative reflects a broader trend across Africa towards increased state participation in mining ventures.
Original Source: www.northernminer.com
