mining royalties in zimbabwe

Zimbabwe's platinum reserves raise mining sector hopes

Jul 31, 2013· Zimbabwe's platinum reserves raise mining sector hopes. Zimbabwe is rich in minerals but has so far suffered from economic mismanagement and corruption. It has the world's secondlargest platinum reserves, as well as ample deposits of gold, nickel,diamonds and coal. While gold's price has fallen in recent times,...

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CUSTOMS ADMINISTRATION, LAWS AND PROCEDURES IN .

Customs laws in Zimbabwe are stipulated by the Customs and Excise Act CAP 23:02, and Statutory Instrument 154 of 2001 ( Regulations). All procedures are outlined in these two documents and the treatment of all various issues that arise from customs business.

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4th Edition Werksmans

mining industry. The mining industry in South Africa is also affected by the law of contract. The terms and conditions applicable to a prospecting right and mining right are those agreed between the Minister and the holder of the right in a notarially executed prospecting right and mining right. Furthermore, often mining companies enter into

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Mining royalties go up | The Chronicle

Business Reporter REVENUE from mining royalties has, in the first half of 2017, gone up by percent to million against a target of million, buoyed by rising gold and platinum output.

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The Harare Indaba

Chaired by Bernard Swanepoel, The Harare Indaba brought together mining and investment communities interested in Zimbabwe as a mining investment destination. We were pleased to welcome the Deputy Minister of Mines and Mining Development of Zimbabwe, the Honourable Polite Kambamura. The event also featured the President of the Chamber of Mines of Zimbabwe, CEOs of mining houses, both large .

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Zimbabwe's Q3 tax revenue below target, mining royalties fall

Nov 02, 2015· The Zimbabwe Revenue Authority (ZIMRA) raked in 878 million in tax revenue between Zimbabwe#39;s tax revenue for the third quarter came in below target after mining royalties and company tax fell in an economy struggling with weak commodity prices and high unemployment, the tax agency said on Monday.

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Zimbabwe beats Q1 tax target but company tax, mining ...

HARARE (Reuters) Zimbabwe's tax collections were five percent above target at 897 million during the first quarter of this year but revenue from companies and mining royalties fell, the head of the national tax agency said on Sunday.

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Foreign miners in Zimbabwe to be hit by higher royalty ...

GOVERNMENT will be adjusting royalties that are paid by foreign mining houses upwards in the five years through 2015 in order to augment revenue flows to the T... Bulawayo24 NEWS News

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Gold Miners Association of Zimbabwe | upholding gold standards

ZIMBABWE's mineral export earnings increased by 25,1% to 1,692 billion as at September 15, 2017, buoyed by the increase in all minerals production across the board, Mines and Mining Development minister Walter Chidakwa has said.

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Zimbabwe government to reduce mining royalties

Dec 04, 2013· The budget may be announced in January, according to Zimbabwe's finance minister, Patrick Chinamasa. Last January the government set gold royalties at .

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Shona people Wikipedia

Shona people. The Shona (/ˈʃoʊnə/) are a group of Bantu ethnic group native to Zimbabwe and neighbouring countries. The main part of them is divided into five major clans and adjacent to some people of very similar culture and languages.

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Govt slashes platinum royalties | ZBC News Online

Jan 22, 2018· The government has effected a reduction in platinum royalties to 2,5 percent from 10 percent to lower costs and ensure optimal exploitation of the resource commodity. The decision was taken as part of measures to ensure equity and fairness in the taxation of platinum miners. The royalty is charged on gross annual revenue.

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Mwana welcomes Zimbabwe gold royalty reduction

Multicommodity miner Mwana Africa has welcomed the Zimbabwe government's decision to reduce the royalty on Zimbabwean gold producers from 7% to 5%. Mwana operates the Freda Rebecca gold mine in ...

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Mining in Zambia Wikipedia

Konkola Copper Mines (KCM) is the largest copper mining company in the country. Although based in Chingola, 15% of its operations—namely Nkana Refinery, Nkana Acid Plants and Nkana Smelter (the largest smelter in the nation) are located in Kitwe. The Nkana Smelter is the largest primary copper production plant in Zambia.

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Coal Mining in Zimbabwe to 2020

Coal Mining in Zimbabwe to 2020. Gain an understanding of Zimbabwean coal mining industry, its reserves, proximate analysis of coal by basins, historic and forecast data on coal production (also by type and by major companies), domestic coal consumption and coal exports, demand driver, active, exploration and development coal projects,...

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State of Mining in Africa In the spotlight Deloitte

State of Mining . in Africa . In the spotlight. Content. ... displays the mining royalty tax rates over the past six years for our ten sample countries across ... Last year, we noted that out : of the ten, Kenya, Zambia and Zimbabwe have increased their tax royalty rates from 2010 to 2014. In the past year, Zambia was the only country to revise ...

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Zimbabwe cuts mining startup fees | IOL Business Report

Mar 25, 2014· Mining investors have long been unnerved by the policy framework in Zimbabwe, which worsened in 2012 when the government asked foreign owned .

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Foreign mining investors responding to Zimbabwe's 'come ...

In the diamond mining sector, Zimbabwe has been able to attract the likes of Russia's Alrosa – the world's largest diamond producer by volume – which concluded a deal to explore for and ...

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Zimbabwe Tax Guide 2013 PKF International

The royalty is calculated using different percentages applicable to each the type of mineral. The percentages range from 1% on base metals to 15% on precious stones. TRUSTS Zimbabwean trusts pay tax at the same rate as companies (25% on each dollar of taxable income plus a .

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Namibia: Cabinet Intervenes in Mining Royalties Tussle ...

CABINET has directed the finance ministry to consider suspending the nondeductibility of royalties for one year to establish its possible impact on the mining sector. The decision to suspend talks around the nondeductibility of royalties is a response to a chain of policy recommendations made by the highlevel panel on the Namibian economy at the [.]

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Government to lower mining royalties

The mining sector is one of Zimbabwe's major economic drivers, with an average growth of percent in the period 2009 to 2012 while the sector's contribution to GDP increased from four ...

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Zimbabwe PKF International

Mining companies are, in addition to their specific corporate rates of tax, subject to a royalty calculated on the gross sales relating to the transfer of mineral resources. The royalty is calculated using different percentages applicable to each type of mineral. The percentages range from 1% on base metals to 15% on precious stones.

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Zimbabwe mulls 'use it or lose it' approach to mining ...

Zimbabwe, which counts South Africa's Impala Platinum and Anglo American Platinum among its mining investors, is also in talks with an industry body, the Chamber of .

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mining royalties in zimbabwe

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