Zimbabwe to double royalty rate on platinum group metals
HARARE – Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5 percent from January 2023 in a bid to increase government revenues, Finance Minister Mthuli Ncube announced on Thursday. Zimbabwe is the third largest producer of platinum, after South Africa and Russia, with major…
Read more
POSTED BY
admin
Zimbabwe’s new mineral royalty policy comes into force
HARARE – Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. Zimbabwe has struggled to capitalise on its significant mineral reserves and a resource boom due…
Read more POSTED BY
admin
Zimbabwe allows miners, exporters to keep more forex from exports
HARARE – Zimbabwe’s central bank on Thursday said it will allow exporters, including miners, to keep 75 percent of their export earnings in foreign currency after the current cap of 60 percent drew complaints from the industry. The new measure, however, falls short of miners’ demands to keep 80 percent of their export earnings in…
Read more POSTED BY
