Carol and Tatenda Mining Syndicate v The Minister of Mines and Mining
THE MINISTER OF MINES AND MINING DEVELOPMENT N.O. and. THE PROVINCIAL MINING DIRECTOR CHINHOYI N.O. and. MILCAH MASHIRI . and. SIMBARASHE GERALD MASHIRI . HIGH COURT OF ZIMBABWE. MUSITHU J. HARARE, 7 & 13 October 2022. Urgent Chamber Application- Interdict . Mr G Maseko, for the applicant. Mr T Marira, for …
Zimbabwe gives first details of new mining royalty policy
The royalty policy that came into effect in October compels miners to pay half of their royalties in minerals and the rest in cash. The plan presented by Zimbabwean Finance …
Economic Governance Watch 08-2022 -Payment of Mining Royalties …
Royalties in Kind. ECONOMIC GOVERNANCE WATCH 8/ [28th November 2022] Payment of Mining Royalties in Kind. In early medieval Europe taxes were often paid in kind, with taxpayers providing labour or other services or handing over goods and produce to the tax collectors.
Gold buying prices per gram in Zimbabwe 22 October 2024
These are the official gold buying prices per gram in Zimbabwe today 22 October 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).. SG 90% and ABOVE US$83.13/g SG ABOVE 85% BUT BELOW 90% US$82.26g SG ABOVE 80% BUT BELOW 85% US$81.38/g SG ABOVE 75% BUT BELOW 80% US$80.50/g SAMPLE BELOW …
Kamativi Lithium Mine set to start production
No one has complained about mining royalties: Mines Minister. Kamativi Mining Company ... Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector, focusing on developments in mineral exploration, production ...
Mnangagwa Allocates Mining Royalties to Support Currency
Mining royalties to support currency stability. Mnangagwa committed to using 50 percent of mining royalties to shore up the devaluing ZWG. This move is intended to address growing public concern over the depreciation of the currency, which has seen its parallel market value fall to ZWG30 per U.S. dollar.
Zimbabwe Revenue Authority v Murowa Diamonds (Private) …
The respondent is a limited liability company registered under the laws of Zimbabwe. It operates a mining lease title issued on 28 March 2001 and amended on 11 September 2001. It has the exclusive mining rights to 28 diamond mining claims covering 23 716 hectares in the Masvingo Mining District. ... the deductions in respect of mining royalties ...
Understanding The New Mining Royalties Regulation In …
Miners in Zimbabwe are obligated to pay royalties to the State from the minerals they would have extracted. Royalty is a charge that the government levies on the volume of …
Zim to tap into uranium deposits
Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector, focusing on developments in mineral exploration, production, legislation, and market trends. The publication serves as a key source of information for ...
Taxation and Royalties in Zimbabwe's Mining Industry
The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation and royalties for exploration and mining entities operating within the country's mineral-rich landscapes. Special Tax Incentives for Miners Exploration and mining …
Assessing Zim's new mining royalty policy
The Zimbabwe government has implemented a policy to collect half of the mining royalties due to treasury in physical minerals, instead of foreign currency as has been the case for the past decades ...
Mining companies in Zimbabwe to pay royalties in the …
MINING companies in Zimbabwe will now pay royalties to the government in the form of minerals as a percentage of the mined resources effective October 1, President Emmerson Mnangagwa has said.
Zimbabwe: SONA
PRESIDENT Emmerson Mnangagwa Wednesday took yet another bold step after committing to set aside 50% mining royalties to shore up the ZWG currency on the back of a chilling warning issued to ...
Fiscal incentives or tax policies for Mining investment in Zimbabwe
Non-Residents tax on Royalties. CUSTOMS DUTY. Rebate of duty on goods for prospecting and search for mineral deposits: ... Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector, focusing on developments in ...
The Chronicle
Justice Paul Musithu declared schedules issued by Zimra to Zimasco on March 24, 2023, totalling $881 544 511 (Zimbabwe dollars) and about US$10,5 million as alleged shortfalls in mining royalties ...
Zimra loses Zimasco royalty, penalty battle – Bulls n Bears
ZIMASCO, a leading ferrochrome producer in the country, has successfully challenged the Zimbabwe Revenue Authority (Zimra)'s demand for mining royalties and penalties. In its ruling on the dispute between the parties, the High Court found that Zimasco was not liable to pay mining royalties on chrome ore concentrates and ferrochrome disposed of …
Zimbabwe: SONA
PRESIDENT Emmerson Mnangagwa Wednesday took yet another bold step after committing to set aside 50% mining royalties to shore up the ZWG currency on the back of a chilling warning issued to parallel market dealers. ... Zimbabwe: Zanu-PF Youths in Soup for Selling Mnangagwa's Heifers Days After Receiving Donation All Africa, 08:36 ...
Zimbabwe to raise taxes on platinum, lithium to …
Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from...
Overview of the lithium policy in Zimbabwe
Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector, focusing on developments in mineral exploration, production, legislation, and market trends. The publication serves as a key source of information for ...
Miners in Zimbabwe to pay mining royalties in commodities
Mining companies operating in Zimbabwe to pay royalties in commodities and cash. by The Exchange. October 25, 2022. in Africa, Mining, Zimbabwe. Reading Time: 4 mins read 901 9. 0. ... Mining royalties are deducted as a …
Security of Mining Rights in Zimbabwe: The Mining Lease …
More so, expenditure incurred in respect of royalties paid to the Government on minerals won is deductible when it comes to a special mining lease [22]. ... Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector ...
How taxation and royalties work in Zimbabwe's mining …
These royalties play a vital role in contributing to the national treasury and supporting various developmental initiatives in Zimbabwe. In summary, Zimbabwe's mining sector offers an array of tax ...
Zimbabwe's 2024 Mining Outlook
However, there is a prevailing sense of pessimism regarding Zimbabwe's mining outlook. The mining index, as measured by the Zimbabwe National Chamber of Commerce (ZNCC), experienced a notable growth of …
Assessing Zim's new mining royalty policy
Mining royalties earned the country ZW$3,7 billion (3% of government revenues) in 2021 with the bulk emanating from the targeted precious minerals which fetch high prices on the world...
Zimbabwe's new mineral royalty policy comes into force
Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of ... Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for ...
Zimbabwe doubles platinum royalty fees
Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase ... uses a formula to calculate the royalties …
Understanding The New Mining Royalties …
Through Statutory Instrument 189 of 2022, the government of Zimbabwe has promulgated new regulations to the effect that mineral royalties are to be paid partly in kind and partly in monetary form.
Zimbabwe: Zimra Commences Deducting Mining Royalties
THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury.
Projects Must Not Depend on Rebates/Incentives -Gvt tells …
In June, the Chamber of Mines Zimbabwe called on the Treasury to review the special capital gains tax on the transfer of mining titles and royalties, which they argued was a major concern for investors. The Chamber added that the royalties were negatively impacting the sector's viability.
Zimbabwe: Miners in Zimbabwe to Pay Mining Royalties in …
Mining companies that operate in Zimbabwe include subsidiaries of Impala Platinum Ltd., Anglo American Platinum Ltd and Sibanye Gold Ltd. ... Mining royalties are deducted as a percentage of the ...