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Sovereign Wealth Funds Briefing - Categorized | Market

Zimbabwe is willing to negotiate mining royalties, minister says

Posted on 03 March 2014

Zimbabwe’s government is willing to negotiate royalties with mining companies, Finance Minister Patrick Chinamasa said after the government proposed channeling a quarter of the levies into a planned sovereign wealth fund.
“We are aware that we shouldn’t kill the goose that lays the golden egg, but equally the goose mustn’t take the entire egg,” Chinamasa said. The planned wealth fund would receive royalties from gold, diamond, platinum and other mining operations under a bill outlined by the government in November………………………………………..Full Article: Source


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