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Despite Zimbabwe's mineral riches, most big mining firms have stalled future plans.
A number of big mining firms have evacuated foreign staff and shut down non-essential operations.
It is a tactic that American mining firms have used in the past.
The other mining firms have now followed suit and improved their offer.
Mr Lungu's government says mining firms have avoided paying $2 billion a year in taxes.
The share prices of big mining firms have wobbled in recent weeks, as jitters about the global economy have intensified.
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Thousands of samples had been tampered with.Until recently many of the world's biggest mining firms had been falling over themselves to get a stake in the Busang project.
It pointed out that the combined market capitalisation of six junior mining firms had reached almost $7bn£4.5bnbn) although they are not yet mining rare earths and the market is worth about $2bn annually.
She begged the government for stability and clarity in its policy, particularly over the question of nationalisation, which the ANC's Youth League endorses.Investors and mining firms had drawn some comfort earlier this year from a report by an independent panel of experts set up by the ANC to look into the possibility of greater state intervention in mining.
BHP, along with other mining firms, has been hurt by a fall in commodity prices amid a decline in demand from key markets such as China.
In Europe previously reliable payers like Telecom Italia and Anglo-American, a mining firm, have reduced their payouts, and even BP has said it cannot increase its dividend at today's oil prices.
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