<\/p>\n
Zimbabwe has abundant reserves of minerals such as gold and platinum group metals (PGM), but power supply problems, a lack of ancillary industries to support mining and currency fluctuations have prevented it from profiting from a resource boom.<\/p>\n
\u201cStarting this October, government now requires that part of these royalties come as actual refined mining product,\u201d Emmerson Mnangagwa wrote in a column in \u201cThe Sunday Mail\u201d. <\/p>\n
None of the companies contacted immediately responded to a request for comment. <\/p>\n
The policy will target four main minerals \u2013 gold, diamonds, PGMs and lithium \u2013 he said.<\/p>\n
Mnangagwa said the aim was to build a national reserve of precious metals and critical resources for the benefit of the population and future generations.<\/p>\n
\u201cWe cannot, as the present government, and as the current generation, run and manage finite resources profligately, without any regard for generations yet and sure to come!\u201d he wrote.<\/p>\n
Leading South African companies such as Impala Platinum and Anglo American Platinum are among those that extract PGMs in Zimbabwe.<\/p>\n
Gold companies, including Johannesburg-listed Sibanye Stillwater and London-listed Caledonia Mining, also operate there.<\/p>\n
In addition, Chinese miners are involved in lithium mining in Zimbabwe, with the potential to make it Africa\u2019s biggest lithium producer, analysts say.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Zimbabwe has abundant reserves of minerals such as gold and platinum group metals (PGM), but power supply problems, a lack of ancillary industries to support mining and currency fluctuations have prevented it from profiting from a resource boom. \u201cStarting this October, government now requires that part of these royalties come as actual refined mining product,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1223213","post","type-post","status-publish","format-standard","category-africa"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1223213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1223213"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1223213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1223213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1223213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1223213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}