Call for mining firms to list on ZSE

The Government should craft legislation that compels foreign-based mining firms operating in the country to also list on the local bourse, says MMCZ.

Currently, only two foreign mining firms Bindura Nickel Corporation and Falcon Gold are listed on the Zimbabwe Stock Exchange.

Large mining firms such as Zimbabwe Platinum Holdings and Caledonia Mining Corporation (which operates the Blanket Gold Mine) are listed on the Australian Stock Exchange and Toronto Stock Exchange respectively.

Minerals Marketing Corporation of Zimbabwe board chairperson Ambassador Christopher Mutsvangwa said Zimbabwe was losing out on cash flow into the country.