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Zimbabwe to rigorously enforce “use it or lose it” policy on mining claims

Wednesday, November 13th, 2019

Zimbabwe’s Minister of Mines Winston Chitando speaks at a mining investment conference in Harare, Zimbabwe.

Zimbabwe will vigorously enforce the “use it or lose it” policy on mining claims to force companies to develop their assets and not to keep the title for speculative purposes, mines minister Winston Chitando said.

Chitando said some investors had not developed gold and platinum assets that they had held on to for many years and the mines ministry had asked some companies to justify why they should keep their claims to those assets.

https://af.reuters.com/article/investingNews/idAFKBN1XN0TM-OZABS?feedType=RSS&feedName=investingNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAFRICAbusinessNews+%28News+%2F+AFRICA+%2F+Business+News%29&&rpc=401
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