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

Zimbabwe’s 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...

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