The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Zimbabwe is demonstrably open for business. Not like before, when no foreign corporate entity was literally getting approval or able to gain traction. The environment has shifted. Not long before the news, I feel.
Even if this didn't turn out to be VAST, is clear that Zimbabwe is now finally moving forward with its promises and proposals, to open mining, to enable an investment supporting environment, to hit a Β£12Billion mining industry, and so on.
Think we genuinely not far off.
Article from 08 Mar, 2021:
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"Mining on track to meet US$12bn targets"
[...]
"We also have one major agreement on value addition (of diamonds) which will be signed by the end of this month,β said Minister Chitando."
https://www.herald.co.zw/mining-on-track-to-meet-us12bn-targets/
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As I said, things seem to be moving and now fairly quickly.
If we look here, it says that some 40 EPOs had been held up (I believe there number actually 42 or 44). Looking at this article from October 2019:
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"Of late small-scale miners have objected to the issuance of 40 EPOs that the Ministry of Mines and Mining Development gazetted to potential mining investors early this year. "
https://www.chronicle.co.zw/premier-gets-epo-for-mat-north-projects/
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As I've said, the process is now finally moving. EPOs should be coming in thick and fast.
Can't be long now. EPOs were being held up for quite a number of companies. There were some 42 outsanding EPOs, waiting to be approved, with no traction on any of them. PREMs EPO approval signals the proecss is now unlocking and moving forward.
Can only be a matter of time, and not long from now, is my view.