• Corporate income taxes, mining royalties and other mining

    PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 1 This summary of income taxes, mining taxes and mining royalties should allow the reader to roughly compare the various governmental costs of investing in a mining operation in a particular country. The countries included in this comparative

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  • Zimbabwe Fiscal Guide 2017/18

    royalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed

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  • Zimbabwe''s SmallScale, Artisanal Miners Emerge as Country

    Smallscale and artisanal miners produced more gold than largescale companies in Zimbabwe in recent months. Proposed changes to the nation''s mining laws to recognize and support smaller operations could boost production even more, smallscale miners and their advoes say.

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  • Mineral and Petroleum Resources Royalty

    The rate for the royalty is determined according to a formula contemplated in subsections (1) and (2) of section 4 of the Mineral and Petroleum Resources Royalties Act, 2008 and differentiates between the refined and unrefined conditions of the mineral resource, and are currently as follows –

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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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  • Mining royalties exceed expectations Zimbabwe Mining News

    Jul 23, 2014 · Zimbabwean mining royalties for the first six months to June exceeded target by 45% to $112,6 million reports the country''s revenue authority. Zimbabwe Revenue Authority (Zimra) commissionergeneral Gershem Pasi said miners paid off outstanding levies

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  • Zimbabwe Tax Guide 2013 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 the type of mineral. The percentages range from 1% on base metals to 15% on precious stones. TRUSTS

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  • About Zimbabwe Mining & Taxation Law 2018 Miningreview.com

    May 04, 2018 · Date: 22 May 2018 Loion: on, Johannesburg Website AIE will be hosting the exclusive Zimbabwe Mining & Tax Law Briefing in Johannesburg on 22 May. This is a 1 day briefing which will delve into the Mines and Minerals Act Policy & Regulation and Mineral Tax Regime in Zimbabwe An in depth analysis of the regulatory environment: []

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  • Zimbabwe presents 2018 budget proposals

    Input tax not claimed from Zimbabwe Revenue Authority (ZIMRA) is not allowable as a deduction for income tax purposes. Mineral royalties With effect from 1 April 2017 A uniform royalty rate of 2.5% to apply on export of platinum by mining houses operating on a special lease and ordinary mining license. With effect from 1 January 2018

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  • Mining Prescribed Fees Mining Resource Base Zimbabwe

    Mining in Zimbabwe. Prescribed Fees in terms of the Mines and Minerals Act (Chapter 21:05)

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  • Zimbabwe Revenue Authority

    Duly instructed by the Acting Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), Desired Liaison Auctioneers shall be conducting a Customs Rummage Sale of forfeited and uncleared vehicles and goods.

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  • Minerals Marketing Corporation of Zimbabwe

    Minerals Marketing Corporation of Zimbabwe (MMCZ) was established through an Act of Parliament (MMCZ Act Chapter 21:04) and began operations in March 1983. It is owned by the Government of Zimbabwe and falls under the ambit of the Ministry of Mines and Mining Development.

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  • Zimbabwe: Mineral Royalty Payments, Africa Research

    Jan 01, 2013 · Zimbabwe: Mineral Royalty Payments Zimbabwe: Mineral Royalty Payments 20130101 00:00:00 Mining companies in Zimbabwe, including powerhouse South African platinum miners Zimplats, Anglo American Platinum and Aquarius Platinum, paid US$81.1m into the country''s coffers in mineral royalty payments during the first half of 2013. Zimbabwe relies heavily on mining and

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  • Mineral royalties and other mining specific taxes

    MIneral royaltIes anD other MInIngspeCIfIC 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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  • Small scale gold miners welcome royalties scrapping

    Jan 30, 2017 · ZIMBABWE''S smallscale miners have welcomed the government''s proposal to scrap royalties levied on gold producers, saying the initiative will help boost output. Mines and Mining

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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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  • About Zimbabwe Mining & Taxation Law 2018 Miningreview.com

    May 04, 2018 · Date: 22 May 2018 Loion: on, Johannesburg Website AIE will be hosting the exclusive Zimbabwe Mining & Tax Law Briefing in Johannesburg on 22 May. This is a 1 day briefing which will delve into the Mines and Minerals Act Policy & Regulation and Mineral Tax Regime in Zimbabwe An in depth analysis of the regulatory environment: []

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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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  • New Zimbabwe PGM royalties and fresh blow to mining.com

    Mar 10, 2013 · Zimbabwe''s mines minister over the weekend announced new royalties on platinum group metals – already a steep 10% – to encourage miners to

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  • Zimbabwe Economic Minerals – Mining Zimbabwe

    Dec 13, 2018 · ZIMBABWE MAIN ECONOMIC MINERALS GOLD Gold mining and exploration in Zimbabwe has been going on from ancient times and it is estimated that a third (about 700 tonnes) of all historical gold production was mined locally from the seventh century until the introduction of mechanized mining methods with the arrival of Europeans about a century ago.

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  • Zimbabewe 2019 midterm fiscal policy review

    The introduction of 2% royalties for small scale gold miners and a floating rate between 3% and 5% for large scale miners. Mining royalties will be tax deductible, however, only effective from 1 January 2020. Excise Duty on fuel, tobacco and alcohol products have been increased.

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  • Zimbabwe Fiscal Guide 2017/18

    royalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed

    Get price
  • Zimbabwe presents 2018 budget proposals

    Input tax not claimed from Zimbabwe Revenue Authority (ZIMRA) is not allowable as a deduction for income tax purposes. Mineral royalties With effect from 1 April 2017 A uniform royalty rate of 2.5% to apply on export of platinum by mining houses operating on a special lease and ordinary mining license. With effect from 1 January 2018

    Get price
  • Zimbabweans in Granite Mining Areas See Little Revenue

    Aug 19, 2018 · In 2016, Zimbabwe exported $45.5 million in granite, and the country''s black granite is particularly valued. There''s just one problem: Zimbabwe''s miners and mining communities are receiving a pittance of the revenue generated by their natural resource.

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

    Nov 02, 2015 · Zimbabwe''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. The Zimbabwe Revenue Authority (ZIMRA) raked in $878 million in tax revenue between

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  • High mining royalties turn away investors Zimbabwe Situation

    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. Taken together with other

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  • Zimbabewe 2019 midterm fiscal policy review

    The introduction of 2% royalties for small scale gold miners and a floating rate between 3% and 5% for large scale miners. Mining royalties will be tax deductible, however, only effective from 1 January 2020. Excise Duty on fuel, tobacco and alcohol products have been increased.

    Get price
  • Mineral industry of Africa Wikipedia

    The mineral industry of Africa is the largest mineral industries in the world. Africa is the second largest continent, with 30 million km² of land, which implies large quantities of resources. For many African countries, mineral exploration and production constitute significant parts of their economies and remain keys to economic growth. Africa is richly endowed with mineral reserves and

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  • Zimbabwe Revenue Authority

    Duly instructed by the Acting Commissioner General of the Zimbabwe Revenue Authority (ZIMRA), Desired Liaison Auctioneers shall be conducting a Customs Rummage Sale of forfeited and uncleared vehicles and goods.

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  • ZIMRA Fails To Meet Target in Mining Royalties » BHIZIMUSI

    Zimbabwe Revenue Authority (ZIMRA) failed to meet its 2018 mining royalty target as miners faced economic and weather related challenges during the year. Zimbabwean miners were faced with foreign currency challenges which resulted in suspension of activities.

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  • Mining Claims for sale Mining Resource Base Zimbabwe

    Ministry of Mines and Mining Development Zimbabwe School of Mines Home. Business Opportunities. Mining Claims for sale. Mining Claims for sale. Add your listing here Results 1 5 of 5 This Category · All Listings. 18 hectare gold claim for sale in Kwekwe 0 reviews. Loed in Globe and Phoenix. Still new and . Call Mr Dee on 0779 578043.

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  • ''Mining regulations still restrictive'' NewsDay Zimbabwe

    Oct 29, 2018 · For Botswana, precious stones have a 10% royalty, precious metals 5% and other minerals or mining products 3%. To that effect, Zimbabwe generally is more expensive compared to other countries in

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  • Chamber of Mines of Zimbabwe

    The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals.

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  • Namibia: Cabinet Intervenes in Mining Royalties Tussle

    Zimbabwe is the only southern African country which disallows the deductibility of royalties from the mining sector. Namibia''s royalty rates range from 2%10% of the sales value.

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  • Mining royalties exceed expectations Zimbabwe Mining News

    Jul 23, 2014 · Zimbabwean mining royalties for the first six months to June exceeded target by 45% to $112,6 million reports the country''s revenue authority. Zimbabwe Revenue Authority (Zimra) commissionergeneral Gershem Pasi said miners paid off outstanding levies

    Get price
  • Zimbabwe: Govt Mulls Increasing Mining Royalties

    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 and

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  • Zimbabwe Fiscal Guide 2017/18

    royalties and net proceeds of sale or liquidation of the business Licensed as a tourist development zone or export processing zone Specific exemption from certain taxes on importation of specified machinery and equipment. Exchange control Exchange control is administered by the Reserve Bank of Zimbabwe. Whilst few restrictions are imposed

    Get price
  • Zimbabwe''s SmallScale, Artisanal Miners Emerge as Country

    Smallscale and artisanal miners produced more gold than largescale companies in Zimbabwe in recent months. Proposed changes to the nation''s mining laws to recognize and support smaller operations could boost production even more, smallscale miners and their advoes say.

    Get price