[miningmx.com] – ZIMBABWE is to seize mining permits that have not been used in a ‘use-it-or-lose-it’ principle contained in the country’s Finance Bill, said Bloomberg News which has a copy of the proposed legislation.
Any unworked land will be transferred to the state after three years, said Bloomberg News. Quoting a line from the bill, Bloomberg News reported: “This will offer new entrants the opportunity to access unutilised claims’.
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