Economics
Zimbabwe Wants Mining Companies to List on Local Exchange
- Nation won’t grant mine rights unless there’s a local listing
- Minister is entitled to cancel rights if information falsified
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Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy.
“No mining right or title shall be granted or issued to a public company unless the majority of its shares are listed on a securities exchange in Zimbabwe,” the government said in the Mines and Minerals Bill before parliament, received by email Thursday.