Apr 30, 2021 The development would also benefit Zimplats and Mimosa, whose matte is processed in South Africa. In 2019, Zimbabwe’s Mines ministry publicised a US$4,2 billion platinum mega-deal with Cyprus-based Karo Resources in which Karo would set up a platinum refinery plant in Zimbabwe with the capacity to produce 1,4 million ounces by 2023.
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ZIMBABWE REVENUE AUTHORITY. and. REGIONAL MANAGER (ZIMRA FORBES ENVIRONS REGIONS) and. ... Read more about Zhou v Mimosa Mining Company (Pvt) Ltd (HB 268-18, HCA 99/16 X Ref HC 328/12) [2018] ZWBHC 268 ... agreement to pay foreign currency for item purchased in Zimbabwe.
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Chibafa took over from Mimosa Mining Company corporate aff airs executive Elizabeth Nerwande. But the Unki CFO comes in at a time when the industry faces several problems. … e challenges were compounded by the outbreak of Covid-19 last year. Members will be banking on him to negotiate with government and push for policies that
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Apr 03, 2016 Mr Chitando, who is also Mimosa executive chairman, said payments made to local producers in the period under review were pegged at US$ 893 million which is 29 percent of the total revenue against US$509 million paid to foreign suppliers. Duties, taxes and royalties paid to Government stood at US$400 million for the three year period.
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The Zimbabwe Revenue Authority (ZIMRA) introduced the Electronic Cargo Tracking System (ECTS), becoming the fifth Revenue Administration in Africa to have such an operational Electronic Cargo Tracking and Monitoring System. The system became effective in January 2017 and was officially commissioned by the Minister of Finance and Economic ...
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Jul 07, 2021 Zimbabwe’s government says it directly owns 21.5% of Kuvimba and smaller shares are held by an array of state companies, bringing state control to 65%. Ncube has repeatedly declined to say who owns the rest. Ncube’s mobile phone was switched off when Bloomberg tried to call.
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Apr 04, 2016 Mr Chitando, who is also Mimosa executive chairman, said payments made to local producers in the period under review were pegged at US$ 893 million which is 29 percent of the total revenue against US$509 million paid to foreign suppliers. Duties, taxes and royalties paid to Government stood at US$400 million for the three year period.
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Dec 13, 2017 In 2015, Zimbabwe Revenue Authority (ZIMRA)’s annual revenue performance report revealed massive cost of the 2.5% royalty rate provided by SMLA to the public purse. By making PGMs houses pay 2.5% royalty rates, it means that government has forgone mineral royalties from the exploitation of PGMs since there is a 2.5% export incentive scheme ...
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The executives that sat before him represented the country's finest mining brains, including the bosses of Zimplats, Mimosa Mining Company, Metallon Gold Zimbabwe, Unki, Asa Resources and many ...
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Mimosa Mining Company a nd Un ki Mine followed suite. The Community Share Ownership Trust was launched by the Government of Zimbabwe in order to empower
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Find detailed information on Mining (except Oil and Gas) companies in Zimbabwe, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Dun & Bradstreet gathers Mining (except Oil and Gas) business information from trusted sources to help you understand company performance, growth potential, and ...
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Jan 07, 2021 Zimbabwe to fund white farmers' compensation with mine revenue. Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that’s soured the country’s relations with Western nations and global lenders. Kuvimba Mining House, of which the government ...
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Feb 06, 2020 In the 2019 integrated report, the mining group said: “Implats has established good relations with the South African government, and mining companies, working through the …
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Jun 13, 2021 Mines ramping up for US$12 billion. THE Chamber of Mines of Zimbabwe has elected Unki Mine chief finance officer (CFO) Colin Chibafa (CC) as its new president. Chibafa took over from Mimosa Mining Company corporate affairs executive Elizabeth Nerwande. But the Unki CFO comes in at a time when the industry faces several problems.
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Sep 14, 2017 IT was “crunch time” for Impala Platinum’s (Implats’) Zimbabwe mine Mimosa which was under threat of closure as it could not comply with the southern African country’s beneficiation laws and remain profitable. Zimbabwe has passed legislation that obliges platinum miners operating within its borders to build a local refinery or pay a 15% levy on […]
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Feb 11, 2015 Zimbabwe -based Mimosa Mining may drop its platinum mine expansion plans if the country places a levy on exports of unprocessed metal.Mimosa Mining is a venture between Aquarius Platinum and Impala Platinum .In January, the company requested the government to clarify the 15% levy proposal. Initially, the levy was proposed in 2013 in an attempt to boost the mining companies …
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Apr 02, 2019 GOVERNMENT has indicated plans to reclaim all mining concessions that have been lying idle amid reports that there are four platinum concessions which have not been exploited since 1970s. Speaking during the handover ceremony of a refurbished theatre and laundry unit by Mimosa Mine at Masvingo General Hospital yesterday, Mines and Mining Development Minister, Winston
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Apr 20, 2020 Meanwhile, Zimplats and Mimosa applied for and were granted approval to continue with operations under agreed precautionary measures during the 21 days lockdown in Zimbabwe. mplats said this has allowed Zimplats to maintain mining and processing operations while at Mimosa, limited mining operations to supplement available ore resources have ...
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Oct 16, 2012 ZIMBABWE’S second largest platinum miner Mimosa has paid $125 million in royalties amid concerns by the government that mining firms are not significantly contributing to Treasury, a company ...
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The plans by Mimosa to purchase or lease platinum claims is a reminder to government that there is potential to raise revenue from released platinum claims, for example. There is lack of urgency to comply with the Constitution when it comes to transparency and accountability in the negotiations and performance monitoring of mining agreements.
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Oct 20, 2015 THE country’s second biggest platinum miner, Mimosa Mining Company, has scooped three tax appreciation awards from the Zimbabwe Revenue …
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Feb 09, 2015 (Bloomberg) — Mimosa Mining Co., a venture between Aquarius Platinum Ltd. and Impala Platinum Holdings Ltd., would shelve an expansion and its sole mine could be idled if Zimbabwe implements a levy on exports of unprocessed metal, a company document shows.. The companies asked Zimbabwe’s government last month to clarify whether they will be charged the 15 percent levy.
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May 11, 2021 In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of …
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Nov 21, 2019 Interestingly, the 2020 national budget came at a time when government, in October, launched its mining strategy to hit a target of US$12 billion by …
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Mining Zimbabwe Today at 1:57 AM Three Zimbabwean men and a South African national have been arrested ... by police in Limpopo province who found them with three truckloads of chrome believed to have been illegally mined...
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Dec 16, 2019 Mining Zimbabwe – our core focus is the Zimbabwe Mining Industry, Zimbabwe Mining News, trends, new technologies being developed and used to improve this crucial sector, as well as new opportunities and investments arising from it. Telephone: 0242 777728 VOIP: +263 8644 276 585
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Revenues for the sub-sector have been hovering between US$1.5bn and US$2bn a year. Some of the projects in the pipeline include Great Dyke Investment’s Darwendale Platinum project, Bravura platinum and some expansion projects at Mimosa Mining Company and Unki Platinum Mines. “We are expecting platinum to exceed US$3bn revenue by the end of 2022 driven by new projects that are expected to …
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Mimosa | MINING. Mimosa is wholly owned by Mimosa Investments Limited, a Mauritius-based company jointly held by Implats and Aquarius Platinum Limited (Aquarius) in a 50:50 joint venture.Zimasco piloted platinum mining in Zimbabwe by resuscitating the operation and steadily increasing production to 1,000 tonnes...
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