Zimbabwe plans to take a 26% free carry interest in new mining projects and negotiate similar stakes with existing operators, aligning with other African nations focused on increasing ownership in mining sectors.
Zimbabwe is actively seeking to enhance its ownership stake in mining operations, joining other African nations in this endeavor. The government intends to secure a 26% free carry interest in all new mining ventures. Additionally, it plans to negotiate similar ownership stakes with current operators to foster greater participation in the mining sector.
Zimbabwe’s recent initiative to increase its ownership in mining projects represents a critical shift towards enhanced resource control. By targeting a 26% stake in both new and existing projects, the country aims to strengthen its influence in the mining industry, aligning with broader continental trends.
Original Source: www.northernminer.com
