Zimbabwe plans to mandate a 26% free carry interest in new mining projects and negotiate stakes with current operators, aligning with other African countries’ mining strategies.
Zimbabwe is set to increase its stake in the mining sector by requiring a 26% free carry interest in all new mining projects. This move aligns the country with other African nations striving for enhanced ownership in mining operations. Additionally, Zimbabwe aims to negotiate similar stakes with current mining operators, reinforcing its commitment to a greater presence in the industry.
In summary, Zimbabwe’s strategy to secure a mandatory 26% stake in new mining ventures signifies an important development in its mining policy. By negotiating similar interests with existing projects, it aims to ensure a stronger foothold in the mining sector alongside other African nations pursuing similar goals.
Original Source: www.northernminer.com
