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Mining Royalties In Zimbabwe

  • Flaws in South Africa's mining royalties system brought to .

    Today Corruption Watch (CW) launched its 2018 Mining Royalties Research Report, highlighting the complexities and challenges in the management and distribution of mining royalties to people living in mine-affected communities, the majority of whom remain without any tangible benefits. Since 2004, South African law has decreed that mineral and petroleum resources belong to the people

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  • 2013 Minerals Yearbook - USGS

    Zimbabwe, excluding PGMs. Mining companies that produced PGMs shipped their concentrates and smelter matte directly to processing facilities in South Africa. Mining royalties, which were based on the value of minerals or mineral-bearing products that are shipped from the mine site, were payable to the Zimbabwe Revenue Authority.

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  • Why Zimbabwe should not give mining companies an export .

    Why Zimbabwe should not give mining companies an export incentive . RBZ's move to sterilise mining royalties hurts government's fiscal abilities to finance service delivery from the country .

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  • Mining tax regime unfair: Zimra - DailyNews Live

    HARARE - The Zimbabwe Revenue Authority (Zimra) says the country's mining tax regime must be reviewed, in the wake of shrinking royalties over the past year from the sector. Zimra chairperson Willia Bonyongwe last week said the authority continued to hold discussions with government over the issue with the view that the current regime is unfair on miners.

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  • Mining Taxation In Zimbabwe | Ministry of Mines and Mining .

    Mining Taxation In Zimbabwe . Mining companies extracting minerals are subject to various taxes and levies. These taxes constitute the country's mining fiscal regime.The following taxes and levies are charged on mining operations: MINERAL ROYALTIES. A royalty is a usage based tax which is calculated as a percentage of the gross fair market .

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  • Gold Miners Association of Zimbabwe | upholding gold standards

    Zimbabwe can work on the supply side while we can work on the demand side," he said. This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher prices. Mining experts say the mineral is mostly illegally sold in South Africa.

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  • Zambia Country mining guide

    prominent role in mining, particularly in the resettlement of their subjects. The Zambian government is pursuing an economic diversification program to reduce its reliance on the copper industry. An agreement on rail cooperation between South Africa, Zambia, Zimbabwe and the Democratic Republic of Congo (DRC) allowing copper rich

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  • Miners to get royalties reprieve | The Herald

    Zimbabwe is likely to revoke the recent amendment to fiscal law that stops mining companies from claiming royalties for tax purposes. The move to prohibit mining companies from claiming royalties .

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  • Zimbabwe Revenue Authority (ZIMRA)

    The Zimbabwe Revenue Authority (ZIMRA) administers regulations which give relief on duties on imported goods donated by international organisations, and to associations and organisations in Zimbabwe involved in charitable or welfare, in terms of Sections 103 and 124 of the Customs and Excise (General) Regulations published in Statutory .

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  • Mining royalties, taxation rates to be reviewed | The .

    "Zimbabwe's (mining) royalty rates are some of the highest in the region, which does not augur well for the country as an investment destination (for mining). We will write rules that will .

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  • SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES

    SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES - THE IMPOSITION AND CALCULATION By BETSIE STRYDOM (Director in the Tax Practice of the Corporate Department of BOWMAN GILFILLAN) The imposition of mineral and petroleum royalties ("mining royalties") in South Africa

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  • Zimbabwe mulls increasing mining royalties - Business .

    GOVERNMENT says it will engage mining companies with a view to gain their buy-in on its intention to increase the threshold of mining royalties for most minerals to between 10 and 15 percent. Zimbabwe mulls increasing mining royalties - Business Daily News Zimbabwe

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  • Zimra collects 45m mining royalties - DailyNews Live

    HARARE - The Zimbabwe Revenue Authority(Zimra) collected 45 million in mining royalties arrears in the half year to June 2014 as the tax collector intensifies efforts to boost dwindling earnings. Gershem Pasi, Zimra commissioner-general, said during the period under review, total royalties .

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  • Govt mulls increasing mining royalties | The Herald

    Mining royalties are charged in terms of the Mines and Minerals Act and according to the Zimbabwe Revenue Authority's schedule diamond miners pay the most at 15 percent and the rest 10 percent .

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  • Africa Corporate Data | Investment in Africa | Africa .

    The most comprehensive database of African private companies for due diligence and business development

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  • Why Zimbabwe should not give mining companies an export .

    Why Zimbabwe should not give mining companies an export incentive . RBZ's move to sterilise mining royalties hurts government's fiscal abilities to finance service delivery from the country .

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  • 2016 tax reckoner

    Mining Contact us TAXATION IN ZIMBABWE Taxation in Zimbabwe is source based and has not changed to residency based system as had been discussed during the course of the year. Therefore all income that accrues or is deemed to have accrued in Zimbabwe is taxed in Zimbabwe. The tax year in Zimbabwe runs from 1 January to 31 December.

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  • Mining Law - Chamber of Mines of Zimbabwe

    PROSPECTING, EXPLORATION AND MINING TITLES. The Mines and Minerals Act Chapter 21:05 is the law for the mining industry in Zimbabwe. There are other Acts and Regulations that draw their existence from this Mines and Minerals Act. The Act has been acknowledged as a good piece of legislation by both local and international investors.

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  • New Zimbabwe PGM royalties and fresh blow to Implats add .

    Zimbabwe's mines minister over the weekend announced new royalties on platinum group metals – already a steep 10% – to encourage miners to start refining the metal inside the country. BDlive .

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  • Mining royalties – News, Research and Analysis – The .

    Jan 15, 2019 · Browse Mining royalties news, research and analysis from The Conversation Editions. Sections . Zimbabwe has said it will take over all diamond mining operations in the .

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  • Miners haul US 3,4bn fortune | The Sunday Mail

    Zimbabwe benefited from increased output for major minerals such as gold, platinum and diamonds. Chamber of Mines of Zimbabwe chief executive officer Mr Isaac Kwesu, said the jump in mining royalties was indicative of the growth of the mining sector.

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  • Miners fight new fees structure in Zimbabwe

    Zimbabwe's new fees will cripple mines - industry. Reuters. 20 February 2012. HARARE - Zimbabwe's new mine licence fees and resource rentals will significantly raise the cost of mining and threaten the sector's viability, with as much as 60% of mining revenues going to .

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  • Zimbabwe cuts royalty on gold to boost production .

    Sep 18, 2014 · Zimbabwe will cut the royalty imposed on gold producers to 5 percent from 7 percent to boost production because companies are struggling with low prices, the government said. "International prices of precious metals, in particular, gold, remain subdued, .

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  • Mining Royalties - ISBN: 0821365029 - World Bank

    ing with governments to try to encourage new investment in mining while simultaneously ensuring that adequate and fair taxation is practiced. This book provides a general discussion of the concepts behind min-ing taxation, a "nuts and bolts" guide to royalties, examples of royalty

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  • Miners haul US 3,4bn fortune - Zimbabwe Situation

    Zimbabwe benefited from increased output for major minerals such as gold, platinum and diamonds. Chamber of Mines of Zimbabwe chief executive officer Mr Isaac Kwesu, said the jump in mining royalties was indicative of the growth of the mining sector.

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  • 2012 Minerals Yearbook - USGS

    gold. mining companies that produced PGm concentrates and smelter matte in Zimbabwe directly shipped the PGm concentrates and matte to processing facilities in South Africa. mining royalties are based on the value of minerals or mineral-bearing products that are shipped from the mine site. Royalties are payable to the Zimbabwe Revenue authority .

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  • Zimbabwe platinum mines seek lower royalty fees amid low .

    Dec 15, 2015 · Zimbabwe should reduce the royalty fee levied on platinum producers from the current 10 percent to help mining firms offset the impact of low prices, the country's mining chamber has said.

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  • Mineral royalties and other mining- specific taxes - IM4DC

    MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at the net value of the mineral resource after the deduction of costs of production including normal .

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  • Zimbabwe mining royalties, dividends to fund new SWF | Reuters

    Jan 13, 2014 · HARARE, Jan 13 (Reuters) - A proposed sovereign wealth fund in Zimbabwe will be bankrolled by as much as a quarter of royalties and special dividends earned on minerals such as diamonds, gold and .

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  • Zimbabwe government to reduce mining royalties | MINING

    The Zimbabwe government plans to lower royalties from minerals sales in order to help resurrect its refinery, a subsidiary of the central bank, which lost its London Bullion Marketing Association .

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