Reported about 16 hours ago
Zimbabwe is set to implement a 26% free carry stake in new mining projects and will engage existing operators for similar shareholding. Mines Secretary Pfungwa Kunaka emphasized the need for negotiations to achieve this goal while addressing the country's reevaluation of its mining profit sharing amidst a wave of resource nationalism in Africa. Specific funding details for the acquisition of shares in established projects remain undisclosed, with the policy expected to roll out next year.
Source: YAHOO