Posted on February 21, 2019
Zimbabwe: Turning Our Mining Resources Into Blessings - allAfrica .Feb 16, 2017 . As long as the majority of African communities face poverty with increasing unequal distribution of income that is fuelled by skewed ownership of mining resources, Africa will continue to be underdeveloped. In the case of Zimbabwe, although the country is at "peace", the exploitation of mineral resources.distribution of mining revenue in zimbabwe,the extractive industry in - Institute for Sustainability AfricaMining Taxation System in Zimbabwe. 5. 2.3.2. Tax Revenue Collection, Management and Distribution in the Mining Sector in Zimbabwe. 6. 2.4. Community Share Ownership Trusts and the Extractive Sector. 6. 2.4.1. Formulation, Inception and Implementation of CSOTs in Zimbabwe. 6. 2.4.2. CSOT and Service Delivery. 7.
of Zimbabwe. A notable official exception was PGMs. Mining companies that produced PGM concentrates and smelter matte in Zimbabwe directly shipped the PGM concentrates and matte . Zimbabwe Revenue Authority (Ministry of Mines and Mining ... debt to the Zimbabwe Electricity Transmission and Distribution.
mining sectors. A significant downside risk to our forecasts remains, most notably given the context of weak global commodity prices. National development plan – Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset) is the country's economic blueprint and meant to turn around the economy's.
The key literature on Zimbabwe's agricultural industry shows the important role played by this sector in contributing to the economic development of the country (Mlambo and Zitsanza, 2001; Sithole, 1996). Other economic sectors such as mining contributed towards the country's revenue and complemented the agricul-.
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 to investigate the distribution of mining revenue in Zimbabwe. The study was conducted through consultative.
Zimbabwe's economic geology features hydrothermal deposits and therefore, while its mines are generally small, it has several hundred .. permitted to work prospects for profit instead of hav- ing to go to flotation as a company (Letcher, .. Table 2 Distribution of gold output, 1983. Output range. Number of. % of Total gold.
The Mineral Revenue Disclosure and Information Needs of Various Stakeholders: A Gap Analysis. Study is an invaluable . regard, the resuscitation of the Zimbabwe Mineral Revenue Transparency Initiative (ZMRTI) .. Quarterly Metal Production Updates and Mbada Diamonds' revenue distribution disclosure in 2012 and.
Zimbabwe's diverse mineral output included about 9% of the world's diamond production (by volume), an estimated 6% of the world's platinum production, and about 4% of the world's . Royalties are payable to the Zimbabwe Revenue authority, and .. Payment was to be deducted from future dividend distributions.
Mar 30, 2016 . Table 7: Performance of Major Revenue Heads in first Quarter of 2016 . ... MINING. With the exception of diamond and coal, most minerals registered positive performance during the first quarter of 2016, compared to the same .. AGRICULTURE CONSTRUCTION COMMUNICATION DISTRIBUTION.
May 19, 2017 . Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country's Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.
In March 2011, the government of Zimbabwe implemented laws which required local ownership of mining companies; following this news, there were . What You Sow revealed a huge lack of transparency of diamond revenues and that Zimbabwe's elite are benefiting from the country's diamonds.
Jan 18, 2016 . Established by legislation in 1999, the AIDS Levy entails a 3% income tax for individuals and 3% tax on profits of employers and trusts (which excluded the mining industry until 2015). It is managed by the parastatal NAC through a decentralized structure of AIDS Action Committees. Revenues increased.
This publication may be reproduced in whole or in part and in any form for educational or non-profit uses, without special . Dyke. These companies include Unki Platinum Mine, Zimplats, Mimosa Mine, Zimbabwe Mining and Steel. Company ... The Implats geographical distribution of shareholders as at 30 June. 2011 is as.
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.
in Zambia, the diamond deposits in South Africa, Namibia, Angola and Botswana, and the minerals associated with the Great Dyke region in Zimbabwe. .. revenues?' Scott (1978) identified several criteria for the level of government collection and the distribu- tional requirements of natural (mineral) resource rents. In terms.
Apr 10, 2018 . The Mines and Energy Committee of the Zimbabwean parliament is set to summon the former leader to testify in a probe into lost revenue from diamond mining. It will be the first time Mugabe will be expected to account for his actions during his near four-decade rule of the country before being ousted in a.
THE Chamber of Mines of Zimbabwe (CoMZ) recent- ly elected Bindura Nickel Corporation managing di- rector (MD), Batirai Manhando as its new president. Manhando, who was elected at the chamber's annual general meeting, will be deputised by Mi- mosa Mining Company corporate affairs manager,. Elizabeth.
Jul 19, 2010 . The contracts signed by government with Mbada Investments and Canadile Miners are questionable as they seem to benefit the foreign investors more than the country in terms of profits and revenue distribution. This situation indicates possible corruption, underhand dealings, and political manoeuvring as.
Keywords: mining, mining taxation, royalties, additional profits tax, transfer pricing, revenue stabilization fund . Islands, and Zimbabwe) or annual profit-to-cost ratio principles (Chile and Peru).2 Tax schemes imposed during times of rising .. regarding revenue distribution and taxing powers. Subnational governments in.
An assessment of the impact of Zimbabwe's mining policy, legislative and institutional framework on acquisition and oversight of diamond mining rights. By. SELINA KUDZAI ZHUWARARA. 16162928 submitted in partial fulfillment of the requirements for the degree. MAGISTER LEGUM (LLM) IN EXTRACTIVE INDUSTRY.
226. Impact on the Government and the Host Country 229. Chapter 6. Transparency, Governance, and. Management of Revenue Streams. 239. The Case for Transparency. 239. General Principles of Disclosure and Reporting. 241. Key Challenges in Disclosure. 247. Model Reporting Template for. Mining Sector Revenues.
Apr 1, 2012 . In relatively poor, yet resource-rich countries, disparities between poverty and growing income fuel civil disturbances and conflict. Furthermore, tensions can develop between central governments, local municipalities and international companies over the distribution of royalties and taxes from mining.
Jul 5, 2016 . In certain sectors, such as primary agriculture, transport services, and retail and wholesale trade including distribution, foreign investors may not own ... However, the government has stated its intention to adopt a domestic initiative called the Zimbabwe Mining Revenue Transparency Initiative (ZMRTI) but it.
ANALYSIS OF THE KEY ISSUES IN ZIMBABWE'S MINING SECTOR. Ca he Plight of Marange and Mutoko Mining ... the Zimbabwe Environmental Law Association (ZELA) to help advance and protect their environmental, economic, social and .. distribution of revenues, better work conditions in the mines, protection of the.