Zimbabwe Says New Mining Royalty Rule Starts This Month
- Plan is to build reserves of gold, diamonds, platinum, lithium
- Central bank to store finished mineral reserves in vaults
Emmerson Mnangagwa
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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Zimbabwe’s President Emmerson Mnangagwa said a new policy that compels miners to pay half of their royalties in commodities and half in cash will start from this month as the country attempts to build precious metal and mineral stockpiles for the first time.