Zimbabwe’s government is letting two new private companies mine diamonds in the country and may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries. Advertisements
Zimbabwe will not require foreign mining companies to list locally as previously announced and will remove the clause from a mines amendment bill now before parliament, the mines minister said on Friday.
Read MoreZimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said.
Read MoreThe Zimbabwean government is committed to ensuring mining policy certainty to win back investment and revive the industry, Mining and Mining Development Minister Winston Chitando said at an investor seminar in Johannesburg.
Read MoreZimbabwe’s Minister of Mines, Winston Chitando, held a press conference this week to announce that, following its one-year break, the country has resumed diamond auctions and expects to sell 1.558 million carats of diamonds over the next two months.
Read MoreZimbabwe has the potential to be a leading producer of lithium, which has so far attracted more interest than any other of its minerals, Zimbabwe’s new Minister of Mines and Mining Development Winston Chitando said on Tuesday.
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