AN ACT to consolidate and amend the law relating to mines and minerals.
253. Prohibition of disposal of minerals when royalty or returns, etc., have not been lodged. 254. Remission of royalty. PART XV PAYMENTS OF LOCAL AUTHORITIES 255. Miners to make certain payments to local authorities. 256. Certain dumps to constitute separate mining locations. 257. Remission or exemption from liability to make payments. PART XVI
Simplify the Mines and Minerals Act Provide for a computerised cadastre unit to manage mining titles Mineral resources are vested in the President of the Republic of Zimbabwe. This provision conforms to the international norm where resources are held by the state on behalf of the people of the country. One acquires the right to search for and work the resources by obtaining licences.
06.09.2020· The government has stated that it intends to amend the Mines and Minerals Act to make it more progressive and investor friendly to attract more investment. Companies are required to export all minerals through the state-owned Minerals Marketing Corporation of Zimbabwe (MMCZ), with the exception of gold which must be sold to the Reserve Bank of Zimbabwe (RBZ).
Tribunal; repeal and replace the Mines and Minerals Development Act, 2008; and provide for matters connected with, or incidental to, the foregoing. [ 14th August, 2015 ENACTED by the Parliament of Zambia PART I PRELIMINARY 1. This Act may be cited as the Mines and Minerals Development Act, 2015, and shall come into operation on 1st July, 2015. 2.
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.
09.10.2020· According to the Minerals Marketing Corporation of Zimbabwe Act, no person other than the Corporation shall export any mineral from Zimbabwe except in terms of a contract negotiated by the Corporation on behalf of the seller, or when authorised to do so by the Corporation subject to such terms and conditions as the Corporation may impose. A commission is payable to the
Much of the blame lie in the 1961 Mines and Minerals Act that has become a cornucopia of contextual irrelevance. There was however hope that a new law, or at the very least an amendment to the existing law would bring Zimbabwe’s mineral sector up to speed with progressive mining legislations and best practices in the region and the world. However, contrary to public expectations,
The Ministry of Mines and Mining Development is responsible for the administration of the Mines and Minerals Act (Chapter 21:05) of Zimbabwe. We formulate, monitor and evaluate implementation of mining development policies which are geared to effectively account for the country's mineral resources for the benefit of every Zimbabwean.
Act 17, 1999, S.I. 54, 2005. An Act to re-enact with substantial amendments the provisions that regulate the law relating to Mines and Minerals; to provide for the granting, renewal and termination of mineral concessions; to provide for the payment of royalties; and for
06.09.2020· The government has stated that it intends to amend the Mines and Minerals Act to make it more progressive and investor friendly to attract more investment. Companies are required to export all minerals through the state-owned Minerals Marketing Corporation of Zimbabwe (MMCZ), with the exception of gold which must be sold to the Reserve Bank of Zimbabwe (RBZ). However, individual
For instance when the Mines and Minerals Act (Ch 21:05) was drafted, artisanal mining was not common mainly because unemployment rates were very low â€“ thanks to a thriving industry and agriculture and some minerals such as Platinum Group of Minerals (PGM) had not taken central stage. However, due to the unfavorable macro and micro economic realities, Zimbabwe has witnessed an
The Mines and Minerals Bill (MMAB, 2015) in Zimbabwe was introduced to amend and strengthen the 1963 Mines and Minerals Act. The 1963 Act lacked provisions that would prevent mineral revenue leakages, opaque mining licensing, poor flows of taxes and royalties to the fiscus, corruption and human rights violations against host communities among other issues.
By contrast, Zimbabwe’s Mines and Minerals Act is clear that rights to minerals are vested in the President. “The dominium in and the right of searching and mining for and disposing of all minerals, mineral oils and natural gases, notwithstanding the dominium or right which any person may possess in and to the soil on or under which such minerals, mineral oils and natural gases are found
This Act may be cited as the Mines and Minerals Act. 2. Interpretation (1) In this Act, unless the context otherwise requires- "associated company" means a company that directly or indirectly controls or is controlled by a party to the mineral project or a company which directly or indirectly controls or is controlled by a company which controls a party to the mineral project; for the purposes