Zimbabwe plans to implement a 26% free carry interest in new mining projects and negotiate similar stakes for existing operations, aiming to increase local ownership in the mining sector.

Zimbabwe is joining the growing number of African nations pursuing greater ownership in mining ventures. The government has announced its intention to secure a 26% free carry interest in new mining projects. Furthermore, it aims to negotiate a similar stake with current mining operators, reinforcing its commitment to increased local participation in its natural resources sector.

In summary, Zimbabwe is taking significant steps to enhance its stake in the mining industry by establishing a 26% free carry interest in both new and existing projects. This move aligns with broader regional trends and reflects the government’s focus on maximizing local benefits from mining activities.

Original Source: www.northernminer.com