Zimbabwe’s government targets the mining sector
Published: Thursday, 28 November 2013
Bill to get a quarter of mineral royalties and revoke mining licences
By Allan Bariyo
Zimbabwes State Cabinet adopted a Bill which looks to
claim up to 25% mineral royalties and 50% dividends on minerals
sales from all mining companies, including the state-owned
Zimbabwe Mining Development Corp.
According to the Sovereign Wealth Fund of Zimbabwe Act,
mining licences could also...