Mining Tax Highlights in Zimbabwe, January 2024
Since 2018 Zimbabwe has re-focused its attention on the mining industry's potential, thus re-structuring its policies and regulatory framework. In this article our Mining Law Practice group outlines the Major Mining Tax Highlights for 2024. The new Finance Act, 2023 (No. 13 of 2023),which came into operation on the 1st of January 2024 implements most […]
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Zim's mining revolution: Harnessing mineral wealth for …
Multilateral institutions could provide technical expertise and financing to support the development of key infrastructure and human capital. As Zimbabwe embarks on this ambitious journey to ...
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Mining in Zimbabwe: The Importance of Capital and …
For Zimbabwe to attain its complete capability, good enough capital funding and rigorous research are vital in the mining sector. This article explores the important roles that …
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2017
of the mining industry and the economy in general in the next 12 moonths. The 2018 MBCI was computed based on senti ments of mining executi ves and investors on prospects of the mining industry and the economy as it related to new politi cal developments which manifested in a change of Government and its leadership. 1.1. Measured Variables
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Mining Zimbabwe Magazine
Timelison Media (Zimbabwe) ABOUT PUBLICATION Mining Zimbabwe is the premier source of Zimbabwe Mining News. Our core focus is the Zimbabwe Mining Industry, trends, new technologies being developed and used to improve this crucial sector, as well as new opportunities and investments arising from it. Mining Zimbabwe's
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The Mining Industry in Zimbabwe: Challenges for …
Impacts of Mining on Sustainable Development in Zimbabwe Sustainable development dates back to 1987 when the Brundtland Commission Report was published (WCED, 1991). SD refers to a form of development, which seeks to …
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Top Ten operating mines in Zimbabwe 2018
The mining firm is currently undertaking a massive expansion project at its Phase as well as the development of a new mine (Mupani Mine) at its Ngezi operations. Zimplats, however, is spending close to $264 million on the project. Under the stewardship of the resolute Alex Mhembere, despite the unstable mineral prices the platinum miner has
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Key Mining projects and plant upgrades in Zimbabwe
The Mining Sector is a key player in the country's economic development. The sector contributes more than 60% of Zimbabwe's export receipts, attracts more than 50% of foreign direct investment (FDI), contributes about 13% to …
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Strategies for sustainable gold processing in the …
96 The Zimbabwean mining sector employs in excess of 25% of those in formal employment and over 500 000 are believed to be involved in artisanal gold mining (AGM), (The Chamber of Mines of
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Comprehensive Guide to Small-Scale Mining in Zimbabwe: …
This act forms the cornerstone of mining legislation in Zimbabwe. It outlines the procedures for acquiring mining rights, the obligations of miners, and the powers of mining commissioners. The act was amended in 2021 to include provisions that support the formalisation of artisanal and small-scale mining activities.
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Ten mines that Zimbabwe should urgently revive
9. Jena Gold Mines. Located in Silobela, 60 km outside Kwekwe, central Zimbabwe, Jena mines was first pegged in 1979, was later acquired by state mining company, the Zimbabwe Mining Development Corporation or ZMDC in 1984. It operates a multi shaft system. The mine has a capacity to treat 450 tons of ore per day.
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Small-Scale Mining in Zimbabwe: Historical Perspective.
The current discourse on small-scale mining in Zimbabwe has predominantly been a characterization of the current state of the sector. This paper focuses on the evolution of the sector through ...
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(PDF) The Significance of Capital Formation on Agricultural
Likewise, the study will evaluate the impact of capital formation on agricultural entrepreneurship in the A1 3 ADRRI JOURNAL OF ARTS AND SOCIAL SCIENCES E-ISSN: 2343-6891 VOL. 16, No. 6(4), February, 2019 Published by Africa Development and Resources Research Institute farming sector in Zimbabwe and will end with the necessary recommendations ...
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Legal Discussions with Vengai Madzima: Acquisition of Mining …
On capital-intensive mining projects, the investor and government can negotiate specific incentives relating to or unique to that particular investment. Reporter : Thank you, Mr. Madzima we have ...
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(PDF) CSR's Role in Socio-Economic Growth of Zimbabwe's Mining …
Government leaders, community leaders and members of mining communities in Zimbabwe are clamoring for a bigger share of revenue deriving from mineral extraction in their areas in an effort to achieve a level of socio-economic development that is commensurate with the level of mineral wealth in their area and to mitigate the paradox of very poor ...
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Revitalising Zim's mining sector: Addressing
Despite operating in a challenging environment, mining companies have lined up capital investment projects totalling US$455,8 million to boost production capacities, according …
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Zimbabwe Mining in 2024 – a quick overview
Zimbabwe's mining sector in 2024 is characterized by steady growth, increased investment, and a commitment to ESG principles. Gold, lithium, diamonds, and PGMs are driving economic progress, while responsible practices are becoming standard across operations.
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Mining and Minerals Revenue Distribution in …
The distribution of mining revenue in Zimbabwe has attracted a lot of attention especially with the discovery of diamonds. The mining sector itself plays a very important role in the development of any country. In Zimbabwe it has become one of the fastest growing sectors of the economy since 2009. The overall objective of this paper is
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Zimbabwe's mining sector: A 'major economic mainstay
Pambili's long-term plan in helping to "formalize" small-scale mining in Zimbabwe through selective capital investments. In Part 1 of this series, we discussed the Zimbabwe …
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Platinum Regime for Zimbabwe Fiscal
Zimbabwe has been pursuing a comprehensive amendment to its existing mineral law, 1963 Mines and Minerals Act, in the form of the Mines and Minerals Amendment Bill (the "MMAB"). In addition, last year Zimbabwe's Ministry of Mines and Development circulated a draft of a Mineral Development Policy (the "Policy").
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Mining sector key to economic development
The TSP is set to resuscitate closed mines under Zimbabwe Mining Development Corporation (ZMDC) through joint ventures and other initiatives. Government will allow duty …
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State of mining industry report
A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the Chamber states that its involvement was restricted to sponsoring and facilitating access to information to its members who form a greater part
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Mining Zimbabwe Magazine
04| AUG 2021 >> CONTENT Mining Zimbabwe Magazine |August, 2021 05 MANGUDYA: The "Golden Knight" in shining armour 08 Arcadia confirms Rare Earths presence 16 Strides made towards achieving US$12 billion mining industry by 2023 22 Kadoma mines office should be fully Advertising: resourced 27 Mines and Minerals Bill affected by …
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Leveraging on the Mining Sector for Economic …
Zimbabwe is endowed with abundant mineral resources • We need to resuscitate existing mines on care and maintenance to pre-1998 levels • We need to invest in exploration and new mining …
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Zimbabwe's Deputy Minister of Mines Joins CMA 2024 to …
Amid rising investments in Zimbabwe's critical minerals value chain, Deputy Minister of Mines and Mining Development of Zimbabwe Polite Kambamura will participate in the Ministerial Forum as part of the upcoming Critical Minerals Africa (CMA) Summit in Cape Town. Minister Kambamura is expected to highlight the vital role of policy, infrastructure development …
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Black granite mining and the implications for the development …
The problem of taxation law enforcement is severe, mining companies owe significant debt to district councils across Zimbabwe for minerals such as gold in Kadoma, diamonds in Mutare and black ...
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Economic Impact of Mining through Linkages: A Case Study …
It is at this stage that there is firm development of fiscal linkages as the government increases its capital development budget (infrastructure and human capital) as well as expenditure on programmes that promote further economic diversification. ... was still a good starting point. In Zimbabwe mining constituted about 9% of GDP in 1980 (CSO ...
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Lithium Mining and National Economic Development in Zimbabwe
Introduction. Until a few years ago, very few Zimbabweans knew about lithium and its use in the global automotive industry. It was only after newspaper reports of a Chinese mining company having paid nearly half a billion United States dollars to acquire a lithium mine (Reuters, 22 December 2022) that the so-called 'lithium fever' started to grip the country.
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The revolving door of Zimbabwe's mining investment keeps …
Brown tragically passed away on June 18 – a major loss for Zimbabwe considering his 20-year-long involvement with the country. Brown's view was also recently expressed by the Chamber of Mines of Zimbabwe. Commenting in its 2022 Commodity Outlook, it identified an estimated capital shortfall in its mining sector of $10bn over the next five ...
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Black Economic Empowerment, Employment Creation and …
This research sets out to unravel the history of Lennox Mine from its inception in 1970 tracing the contribution of the mine to the economic development of Zimbabwe from its colonial beginnings up to the current period when the new visionary owner, Honourable Gandiwa Moyo, Deputy Minister of Mines who inherited a dysfunctional mining enterprise set it on course again as a pillar for …
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