Zimbabwe plans to take a 26% free carry interest in new mining projects and negotiate comparable stakes with existing operators, joining other African nations in seeking increased local ownership in the mining sector.
Zimbabwe is aligning with several other African nations that are seeking increased ownership in mining operations. The country intends to secure a 26% free carry interest in newly established mining projects, while also pursuing similar stakes with current operators. This move reflects a growing trend among African states to bolster their participation in the mining sector.
In conclusion, Zimbabwe’s initiative to acquire a 26% interest in new mining projects, alongside negotiating stakes in existing operations, marks a significant shift in its mining strategy. This approach underscores a broader movement across Africa towards enhanced local ownership in the mining industry, ultimately aiming to ensure more significant benefits for the countries involved.
Original Source: www.northernminer.com
