Zambia Rejects Free Mine Stake Plan

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Zambia’s rejected proposed regulations that would grant the state a free 15% stake in critical-mineral mines, saying the policy conflicts with efforts to attract investment. The draft rules, created by the Mines Ministry, also propose state rights to increase ownership to 40%. Officials say the ideas will be refined. The Presidency insists it won’t support free-carried interests as the nation aims to boost copper production ahead of 2026 elections.