Policy Tracker Budget Tracker Price Tracker About SIVIO
Economy

Enforce the "use-it-or-lose-it" principle in order to curb speculative hoarding of mining claims and make mineral deposits available to serious miners, including local entrepreneurs.

In Progress

Todal Mining Ltd

https://www.bloomberg.com/news/articles/2021-05-31/eurasian-resources-s-todal-may-lose-zimbabwe-platinum-concession https://www.namibian.com.na/102124/read/Zim-threatens-to-seize-undeveloped-mining-right     

June 1, 2021

Todal Mining Ltd., a venture controlled by Eurasian Resources Group, was informed that its platinum mining concessions could be seized because no progress has been made in developing them. The Bokai and Kinonde concessions may be taken over under the “use-it/lose-it principle” which allows the state to repossess idle mining claims

Previous Updates

Initiation of phase 1 of "use-it-or-lose-it' principle

Herald

    

July 24, 2020

Under the use-it-or-lose-it policy, 213 mining concessions will be repossessed in the first phase while 21 000 hectares of mining land have been reclaimed following failure by owners to pay inspection fees. A full statement on the mining concessions and how they will be distributed would be released in September and October 2020.

    

None