Zimbabwe plans to secure a 26% free carry interest in new mining projects and will negotiate similar stakes with existing operators, reflecting a broader trend among African nations to increase local ownership in the mining industry.
Zimbabwe is increasing its stake in mining operations by aiming for a 26% free carry interest in new projects. Furthermore, the country intends to negotiate similar equity stakes with current operators, following a growing trend among African nations to enhance local ownership in mining activities.
In recent years, several African countries have been shifting their focus towards maximizing local ownership in natural resources, particularly in the mining sector. Zimbabwe’s new policy exemplifies this strategy, as it seeks to secure financial returns and bolster economic development through increased control over mining assets within its jurisdiction.
Zimbabwe’s move to secure a 26% interest in mining projects reflects a significant policy shift aimed at enhancing local economic benefits from natural resources. This initiative aligns with broader trends across Africa as nations strive to increase ownership stakes in the mining sector, which could lead to more sustainable economic growth and development.
Original Source: northernminer.com
