Zim backtracks on mines listing requirement

Zim backtracks on mines listing requirement
Published: 25 April 2018
Zimbabwe will drop a requirement that mining companies must list on the local stock exchange from a new mining act, Foreign minister Sibusiso Moyo said on Monday.

Industry lobby group, the Chamber of Mines, had expressed concerns about the proposal for mining firms to list locally, warning that the exchange might not be deep and liquid enough for companies to raise capital.

The original proposal was part of efforts under the country's new President Emmerson Mnangagwa to boost investment and local ownership of Zimbabwe's vast mineral resources.
- Daily News
Tags: Mines,


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