Major South African investors stand to lose big in Zimbabwe this August when they forfeit unused mining claims through the government's “use it or lose it” policy
Because of the country’s lax licensing laws, several mining firms hold cheaply-acquired claims with no pressure to develop them into operational mines.
As such, parcelling them out to other players would result in increased mining activity - and in turn stir economic growth. This means the mining sector could increase its export invoices and improve from its 16% contribution to the national GPD. The second biggest platinum concern, Zimplats, is owned by South Africa’s Impala Platinum. Other numerous South African entities are involved in gold mining, while Metallon Gold, owned by Mzi Khumalo, is winding up operations.
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