Zimbabwe intends to secure a 26% free carry interest in new mining projects and negotiate similar stakes in existing operations as part of a broader trend among African countries to increase ownership in their mining sectors.
Zimbabwe has announced its intention to increase its stake in mining operations, aligning itself with several African nations pursuing similar goals. The government plans to secure a 26% free carry interest in all new mining projects, in addition to negotiating for a comparable share with existing operators. This move reflects a growing trend among African states to assert greater control and benefit from their natural resources.
In summary, Zimbabwe is taking significant steps to enhance its involvement in the mining sector by implementing a 26% interest in new projects and seeking similar terms with existing operations. This initiative is part of a larger movement among African nations to increase ownership in their natural resources, thereby ensuring that local economies benefit more significantly from mining activities.
Original Source: www.northernminer.com
