Zimbabwe’s new mineral royalty policy comes into force
ZIMBABWE has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a lack of ancillary industries to support mining, currency volatility and electricity shortages. Last month, Zimbabwe's President Emmerson Mnangagwa said his government planned to start collecting half of royalties from gold, diamonds, platinum group metals and lithium in the form of the minerals themselves to…