Johannesburg-based investment company the Moti Group has told Bloomberg that it will consider selling shares in its Zimbabwe-based chrome mining operations if the Zimbabwe government approves mining ownership legislation currently under debate.
The government is currently mulling a bill that would require mining companies to list the majority of their shares on the local exchange or …Read more
Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November saw the government adopt a more open approach to foreign companies.
Emmerson Mnangagwa, 75, who replaced Mugabe after the military briefly took control, has declared that “Zimbabwe is open for business” and …Read more
In the two-odd hours spent facilitating a “Zimbabwe is open for business” breakfast on the sidelines of the Mining Indaba in Cape Town, one got to appreciate that President Emmerson Mnangagwa’s finest appointment might just be his minister of mines.
The main attraction at the business breakfast co-hosted with the Moti Group – a 70% shareholder in African Chrome Fields along …Read more
“Zimbabwe’s mineral resources are under-explored and there are vast opportunities for investors who have the appetite to explore”. This is according to Honourable Winston Chitando, Zimbabwe Minister of Mines and Mining Development. He was the keynote speaker at the Mining in Zimbabwe Dialogue that took place on Tuesday 6 February at the One&Only in Cape Town.
According to …Read more
Zimbabwe’s Minister of Mines and Mining Development, Winston Chitando has emphasised two issues that will help stimulate the country’s mining industry, and tap into Zimbabwe’s under-explored mineral resources.
Chitando, who was addressing investors at the Mining in Zimbabwe Dialogue that took place on Tuesday at the One&Only highlighted the indigenisation threshold that is …Read more