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Govt to lower mining royalties Zimbabwe Situation

Govt to lower mining royalties Zimbabwe Situation

Dec 03, 2013 We will be reviewing royalties so that we can attract gold into our system and Fidelity can start working on gold for refinery purposes, Chidhakwa told The Source recently. The mining sector is one of Zimbabwes major economic drivers which experienced an average growth of 19.9 percent in the period 2009 to 2012.

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Africa Mining Zimbabwe mining royalties plunge reflects

Africa Mining Zimbabwe mining royalties plunge reflects

Jul 31, 2015 When compared to the same time last year, mining royalties fell 65 from 112-million. The performance of the revenue head mining royalties can be attributed to depressed international mineral prices, Bonyongwe said in a statement. Zimbabwe holds the worlds second largest platinum reserves and produces gold, chrome and iron ore.

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Zimbabwe to lower royalties in Implats deal Miningmx

Zimbabwe to lower royalties in Implats deal Miningmx

Jan 14, 2013 miningmx.com NEW indigenous shareholders in Zimplats will pay the company 153m in settlement of a release of ground deal signed with Zimbabwe in 2006 while the terms of the deal require the government to lower mineral royalties and ground rental fees

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High mining royalties turn away investors Zimbabwe

High mining royalties turn away investors Zimbabwe

Oct 02, 2013 High rates of royalties in the mining sector are scaring away investors, making Zimbabwe a less competitive destination for business, according to mining experts. In the six months to June 2013, royalties alone gobbled up 81.1m from the industry, The Zimbabwean was told.

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Mining royalties exceed expectations Zimbabwe Mining

Mining royalties exceed expectations Zimbabwe Mining

Jul 23, 2014 Zimbabwean mining royalties for the first six months to June exceeded target by 45 to 112,6 million reports the countrys revenue authority. Zimbabwe Revenue Authority Zimra commissioner-general Gershem Pasi said miners paid off outstanding levies in the first half of the year.

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Zimbabwe Is Willing to Negotiate Mining Royalties

Zimbabwe Is Willing to Negotiate Mining Royalties

Feb 28, 2014 Zimbabwes government is willing to negotiate royalties with mining companies, Finance Minister Patrick Chinamasa said after the government proposed channeling a quarter of the levies into a ...

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mining royalties in zimbabwe

mining royalties in zimbabwe

Zimbabwes mining royalty rates are some of the highest in the region, which does not augur well for the country as an investment destination... Read more. Mining royalties dip 45 percent - DailyNews Live. 29 Jan 2014 ... HARARE - Zimbabwes mining royalties slumped by 45 percent to 133,7 million against a target of 245 million in the full ...

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Zimbabwe mining royalties dividends to fund new SWF

Zimbabwe mining royalties dividends to fund new SWF

Jan 13, 2014 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

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Zimbabwe Mining Sector to Start Paying Royalties Next

Zimbabwe Mining Sector to Start Paying Royalties Next

Harare GOVERNMENT will commence collection of royalties from mining operations from January 1 next year under the mining tax regime introduced in 2001, in line with regional and international ...

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Zimbabwes platinum reserves raise mining sector hopes

Zimbabwes platinum reserves raise mining sector hopes

Jul 31, 2013 Mining companies in Zimbabwe paid 81.1 million to the government in royalty payments during the first half of 2013. Media reports suggest that the government is eager to bring royalties

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Mining Royalties taxes and indigenisation remain in the

Mining Royalties taxes and indigenisation remain in the

Jan 24, 2012 In his 2012 Budget, Finance Minister Tendai Biti proposed increasing gold royalties from 4.5 to 7 and platinum royalties from 5 to 10. The Chamber of Mines in Zimbabwe has also argued against the increase in royalties stating that it could slash profit margins for gold and platinum miners by nearly 18, while rendering small-scale mining ...

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Mining and Quarrying Industry 2021 Zimbabwe Market

Mining and Quarrying Industry 2021 Zimbabwe Market

Access new updated reports and statistics for the Mining and Quarrying Industry in Zimbabwe. Get the latest trends and understand the impact of the crisis on the market. ... Synopsis Timetrics Global Mining Taxes and Royalties 2016 report compares mining taxes and royalties for 21 countries which constitute both the leading and ...

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Zimbabwe fund to tap mine royalties

Zimbabwe fund to tap mine royalties

Nov 26, 2013 Zimbabwes planned sovereign wealth fund may get as much as a quarter of mining royalties and the same share of special dividends on state mineral and metal sales.

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Govt mulls increasing mining royalties The Herald

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 Authoritys schedule diamond miners pay the most at 15 percent and the rest 10 percent ...

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PDF Mining and Minerals Revenue Distribution in Zimbabwe

PDF Mining and Minerals Revenue Distribution in Zimbabwe

Royalties are the major tax payment in the mining sector thereby contributing the most significant contribution to revenue going to the state.The legal framework governing the tax regime in Zimbabwe is set out in the Mines and Mineral Act and the Income Tax Act.

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Paying mining royalties NSW Resources and Geoscience

Paying mining royalties NSW Resources and Geoscience

Paying mining royalties. Mineral resources in New South Wales are mostly owned by the Crown. This means that the royalties and economic benefits from mining contribute to providing services to the people of New South Wales. Mineral royalties are jointly managed by the Division of Resources amp Geosciences Resource Economics Unit and Revenue NSW .

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Zimbabweans in Granite Mining Areas See Little Revenue

Zimbabweans in Granite Mining Areas See Little Revenue

Aug 19, 2018 Zimbabweans in Granite Mining Areas See Little Revenue From Prized Stone. In 2016, Zimbabwe exported 45.5 million in granite, and the countrys black granite is particularly valued. Theres just one problem Zimbabwes miners and mining communities are receiving a pittance of the revenue generated by their natural resource.

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COLUMN Zimbabwe plans to grow mining to US12 billion

COLUMN Zimbabwe plans to grow mining to US12 billion

Oct 08, 2020 In 2019, the Zimbabwe government announced a plan to grow the mining sectors annual earnings to US12 billion by 2023, which would be a 344 spike from US2.7 billion earned in 2017. Gold, platinum and diamonds are earmarked to fuel this growth, contributing respectively US4 billion, US3 billion and US1 billion to the US12 billion target.

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Mineral royalties and other mining specific taxes

Mineral royalties and other mining specific taxes

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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About Zimbabwe Caledonia Mining Corporation plc

About Zimbabwe Caledonia Mining Corporation plc

Zimbabwe has a long history of mining and there are known occurrences of over 40 minerals in Zimbabwe, mainly gold, nickel and copper but also including coal, diamonds, PGEs and chromite. The Zimbabwean mining industry has operated for over 100 years and prior to the collapse of the economy from 2005 onwards, there was a well-established ...

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