Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank for mineral-backed loans
The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.
The 17 so-called “rare earth metals” play strong supporting roles in many of the consumer electronics we enjoy on a daily basis, from our TVs to smartphones.
President Vladimir Putin has pushed Russia to develop its own rare earth production, calling it an issue that’s " critically important to the defense capability of the country.