Gov’t reserves 24% mining ownership for citizens
Friday, October 17, 2025 | 510 Views |
Spreading opportunity: Kenewendo PIC: KENNEDY RAMOKONE
The amendments were initially passed by Parliament last year and mark an increase from the 15% government had the right to purchase in new mining operations.
A 24% equity is significant because it gives enough power to protect the minority partners’ interests and to influence key decisions, even without being the majority owner. However, it is below the 24% blocking majority required for making major decisions.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...