A rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment, Finance Minister Mthuli Ncube has said. President Emmerson Mnangagwa has sought to water down some of the contentious rules of his predecessor, former president Robert Mugabe, as mining investment had dried up.
Govt Scraps Indigenisation Policy to Attract More Investors
263Chat, 7 March 2019
Government has through the enactment of the Companies and Business Entities Bill scrapped the indigenous policy, deemed unfavorable to foreign investors who are now able to set up… Read more »
Finance and Economic Development Minister Mthuli Ncube (file photo).
State Control On Platinum to Go
The Herald, 8 March 2019
Government is considering scrapping the remaining 51-49 percent shareholding threshold for platinum and diamond mining to allow investors to own 100 percent of any business in the… Read more »
Relax Policy On Diamond, Platinum Mines, Urges Mining Chamber
The Source, 31 May 2018
Zimbabwe's mining chamber has asked the government to allow majority ownership by foreign investors in diamond and platinum mines, a move it says will unlock more investment for… Read more »
Canadian Investors to Boost Mining Sector
263Chat, 6 February 2019
All is set for the Polaris Seismic exploration session slated for the 14th of February which according to the organizers is focused on promoting modern exploration technology and… Read more »
U.S. President Donald Trump has extended sanctions against Zimbabwe for another year, saying that the new government's policies continue to pose an "unusual and extraordinary" ... Read more »
Mining Indaba, being held in South Africa, that attracts stakeholders from around the world, has seen the focus on mining bosses, but also on the safety aspects of mining and the ... Read more »
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