Governance REGULATORY AND INSTITUTIONAL FRAMEWORK FOR INVESTMENT

Aligning our investment and indigenization laws with the reform process to attract both local and foreign investment.

In progress
Dec 2018

Diamond policy gets Cabinet nod

www.herald.co.zw December 05, 2018

Cabinet yesterday approved the Zimbabwe National Diamond Policy which is expected to regulate the diamond mining sector and ensure accountability in the mining, processing and selling of the precious mineral.

Dec 2018

Zim in diamond policy shift

www.newsday.co.zw December 05, 2018

Government will consider allowing foreigners to control diamond mining operations as part of the new policy shift designed to increase investment in the sector, acting Information minister Mangaliso Ndlovu said yesterday.

President Emmerson Mnangagwa’s government changed the empowerment law to limit majority ownership by locals and State-owned companies to only diamond and platinum mines, and not the entire mining sector as in previous legislation.

Dec 2018

Zimbabwe won’t open up diamond mines to foreign owners

https://en.israelidiamond.co.il December 03, 2018

In an interview quoted by Mining Weekly, Chitando said there would be “no change” for diamonds and platinum when asked about the relaxation of Zimbabwe’s indigenisation rules. According to these rules, the state holds 51% of platinum or diamond mines. Chitando added that Zimbabwe plans to “roll out policies for various minerals, including diamonds and gold” over the coming weeks.