Zimbabwe intends to implement a 26% free carry interest in new mining projects, while negotiating for similar interests with existing operators, showcasing a trend across Africa for higher local ownership in the mining sector.
Zimbabwe is joining various African nations striving for increased ownership in mining operations. The country aims to secure a 26% free carry interest in new mining ventures and is seeking to negotiate similar stakes with current operators. This move reflects a broader trend across the continent encouraging local participation in the mining sector.
In conclusion, Zimbabwe’s initiative to obtain a 26% ownership stake in new and existing mining projects signifies its commitment to enhancing local benefits from natural resources. This strategy aligns with the growing movement among African countries to ensure greater local participation in mining operations.
Original Source: www.northernminer.com
