Gov’t reserves 24% mining ownership for citizens
Friday, October 17, 2025 | 460 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.
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