Zim govt want foreign mining houses to have primary listing in Zim

Government wants foreign-owned mining houses to have primary listings in Zimbabwe and bank their money locally to improve the liquidity situation as part of a cocktail of measures to leverage on the country's natural resources.

DPM Arthur Mutambara told a mining stakeholders' forum last week that it was unacceptable for mining houses to have primary listings and bank money elsewhere other than Zimbabwe.

The mines that would be affected by the new requirement include Zimplats which is listed on the Australian Stock Exchange.

It would also force other mining houses such as Unki and Mimosa, among others, to list on the ZSE.

Mutambara said the mining houses should also bank their money locally to help improve the liquidity situation in the country.