88ֳ

INTERNATIONAL COAL NEWS

Zimbabwe pushes ahead with black ownership laws

ZIMBABWE is pressing ahead with new investment laws aimed at transferring up to 49% of mines to b...

Staff Reporter

88ֳ

President of the Zimbabwe Chamber of Mines, Ian Saunders, told Reuters that mines minister Amos Midzi had broken off a countrywide tour to promote the new law in order to hold direct consultations with the industry.

The government has refused to comment on a draft copy of the new law but Reuters reports it has seen a version in which the ownership transfer is detailed.

Section 28 of the draft says 49% of private mines must be owned by historically disadvantaged people within three years, and 25% of publicly owned mines must be black owned.

The law has the potential to affect a wide variety of local and foreign miners operating in Zimbabwe, including Impala Platinum, Anglo American, and Aquarius Platinum.

MiningNews.net

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the 88ֳ Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the 88ֳ Intelligence team.

editions

Mining Magazine Intelligence: Future Fleets Report 2025

MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.