{"id":40939,"date":"2021-05-26T15:23:44","date_gmt":"2021-05-26T13:23:44","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=40939"},"modified":"2021-05-26T14:55:03","modified_gmt":"2021-05-26T12:55:03","slug":"government-repossesses-80-idle-mining-concessions","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/government-repossesses-80-idle-mining-concessions","title":{"rendered":"Government Repossesses 80 \u2018Idle\u2019 Mining Concessions"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>The government has repossessed over 80 mining concessions under the \u201cuse-it or lose-it\u201d policy and a formal announcement will be made in due course.<\/p>\n

Speaking to State media in a recent interview, Mines and Mining Development Minister Winston Chitando said that the government will soon issue a formal announcement regarding the repossessed idle assets. He said:<\/p>\n

The \u2018use-it or lose-it\u2019 policy has been implemented. We will have formal announcements in due course.<\/p>\n

But we have repossessed over 80 assets and we will do a formal update on that, and we will continue to do that (repossessing).<\/p>\n

We have always warned that the time was up for all those mining titleholders who were holding onto the concessions for speculative tendencies at the expense of the country.<\/p>\n

Under the \u2018Zimbabwe is open for business\u2019 mantra, those repossessed assets will be reallocated to potential investors who really want them for productive purpose in line with the National Development Strategy 1 Agenda.<\/p>\n

The repossessed assets were in sub-sectors that include gold, coal, and chrome, among others.<\/p>\n

In 2020, the government announced that it was also looking forward to re-sizing some of the concessions with a huge resource base and inordinate life spans and allocate them to potential investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The government has repossessed over 80 mining concessions under the \u201cuse-it or lose-it\u201d policy and a formal announcement will be made in due course. Speaking to State media in a recent interview, Mines and Mining Development Minister Winston Chitando said that the government will soon issue a formal announcement regarding the repossessed […]<\/p>\n","protected":false},"author":84,"featured_media":40938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,4883,4881,4882,3167,19],"class_list":{"0":"post-40939","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-concession","14":"tag-mines-and-minerals-act","15":"tag-mining-concessions","16":"tag-winston-chitando","17":"tag-zimbabwe"},"yoast_head":"\nGovernment Repossesses 80 \u2018Idle\u2019 Mining Concessions - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government has repossessed over 80 mining concessions under the \u201cuse-it or lose-it\u201d policy and a formal announcement ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-repossesses-80-idle-mining-concessions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Repossesses 80 \u2018Idle\u2019 Mining Concessions\" \/>\n<meta property=\"og:description\" content=\"The government has repossessed over 80 mining concessions under the \u201cuse-it or lose-it\u201d policy and a formal announcement ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-repossesses-80-idle-mining-concessions\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-26T13:23:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-26T12:55:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-60ae44f6aed97.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"838\" \/>\n\t<meta property=\"og:image:height\" content=\"343\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-repossesses-80-idle-mining-concessions\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/government-repossesses-80-idle-mining-concessions\",\"name\":\"Government Repossesses 80 \u2018Idle\u2019 Mining Concessions - 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