Mining companies not above Parliament says Zambian MP | …

2014-9-23 · A 2012 picture of Mimosa platinum mine in Zvishavane in Zimbabwe. The mine is owned by Implats and Aquarius Platinum. ... He added that in Ghana companies paid what was owed to government before ...

Mimosa revenue up 4pc | The Herald

2014-10-27 · The company said the 12-month rolling average Mimosa Mine''s revenue for the period increased by 4 percent to $82 million, from $79 million in the previous …

RBZ to pay $57m Mimosa debt

2015-8-13 · via RBZ to pay $57m Mimosa debt – DailyNews Live 13 August 2015 by Ndakaziva Majaka. HARARE – Platinum miner, Mimosa Mine (Mimosa), is set to be paid $57 million owed to it by the Reserve Bank of Zimbabwe (RBZ) following the tabling of the Debt Assumption Bill in Parliament, the group said. This comes after the central bank raided Mimosa''s Foreign Currency Accounts between …

Mnangagwa challenges mining sector

2021-6-25 · 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

MIMOSA MINING COMPANY (PVT) LTD Company Profile ...

MIMOSA MINING COMPANY (PVT) LTD is located in Zvishavane, Zimbabwe and is part of the Metal Ore Mining Industry. MIMOSA MINING COMPANY (PVT) LTD has 1340 employees at this location and generates $173.88 million in sales (USD). (Employees figure is estimated, Sales figure is modelled).

Leading mining companies total revenue 2020 | Statista

2021-6-28 · M. Garside. Research Lead covering energy, environment, chemicals & resources. Get in touch with us now., Jun 28, 2021. In 2020, the mining industry''s leading 40 companies had a total revenue of ...

(PDF) Community Share Ownership Trust scheme and ...

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

Mimosa FY revenue rises to US$270m

2015-8-14 · Aquarius said it had received a dividend of US$20 million was received from Mimosa and that the mine had cash holdings of US$10 million as at June 30. The mine also paid $3 million …

Exposed: Kudakwashe Tagwire''s off-budget funding of ...

2021-7-5 · Companies operating in Zimbabwe''s mining sector should conduct ongoing due diligence consistent with the United Nations Guiding Principles and the Organisation for Economic Co-operation and Development''s due diligence guidance for responsible mineral supply chains, with particular attention paid to identifying and mitigating risks ...

''Darwendale mining project viable'' | The Herald

2017-4-11 · Zimbabwe has three producing platinum mines; Impala Platinum owned Zimplats, Sibanye''s Mimosa Mining Company and Anglo American''s Unki Mine, …

Corporate income taxes, mining royalties and other …

2015-6-3 · a period when global mineral prices rise, certain governments focus on mining companies as a means to counter a shortfall of tax revenue. A questionnaire was designed by PwC to aggregate and facilitate comparison of government levies from various countries. As the per country tables illustrate, the investor must look at

Mimosa Mining Company invests US$10m in new processing ...

2019-11-5 · ZIMBABWE – Zimbabwe''s second largest Platinum Group of Metals (PGM) Mimosa Mining Company, has invested in a new processing plant worth US$10m that is expected to shore up processing capacity and consequently production.. The company has since secured a processing plant from South Africa to address production inefficiencies, managing director, Mr Fungai Makoni, said in an interview …

Zimbabweans: Surrounded By Mineral Riches, But Living In ...

2021-8-16 · A 2015 Zimbabwe Open University study on mineral revenue argues that "governments and mining companies promise communities from which minerals are …

Mimosa Mining could cancel expansion plans at platinum ...

2015-2-11 · 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 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 …

Zimbabwe awards passport production contract to bribes ...

2021-8-16 · In Madagascar, Semlex paid a former top official in Madagascar''s government at least US$140,000 — and possibly much more — in unexplained fees. The company secretly funneled cash to Lucien Victor Razakanirina, who contracted them as suppliers to the Southern African island nation while serving as secretary of state for public security.

Zimbabwe Unveils Plan for $12 Billion in Mineral Revenue ...

2019-10-14 · Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government ...

Government suspends tax on raw platinum exports | The ...

2019-7-17 · Following Government''s call for platinum producers to promote beneficiation, Zimbabwe''s only three operating platinum miners, Unki, Mimosa Mining Company …

Mimosa output decreases in Q3

2019-4-26 · Harare – Zvishavane based platinum miner, Mimosa Mining Company''s output for the period between 1 January to 31 March 2019, marginally decreased to 29 000 ounces compared to 30 000 oz during the same period last year. According to the latest quarterly report by parent company Implats, tonnes milled however, remained modest slightly increasing to […]

Chamber of Mines of Zimbabwe

2021-8-26 · The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals.

Tax Solutions for Mining | Taxation Services | Deloitte ...

2021-8-27 · The African Mining industry is an integral cog to what is an intricate market landscape. Understanding the complexities of the various in-country regulations and tax rules is vital for business to navigate profitably through the industry. Deloitte Tax experts specialise in identifying real time solutions for mining entities across multiple tax ...

Does budget have mining fiscal scaffolds? | eBusiness Weekly

2019-11-22 · 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.

Mimosa pays $125 million in royalties

Corporate income taxes, mining royalties and other mining ...

Zimbabwe: About Viability of Mining Sector

2021-7-15 · Opinion - For most entrepreneurs and executives in Zimbabwe the moment mining is mentioned they pay close attention. This is because the mining sector presents many opportunities especially as the ...

Reprieve for platinum miners

2016-2-14 · Mining companies want Government to ensure that royalties paid by the miners are deductible for income tax purposes. "The proposal to render royalties payable by Mimosa non-deductible for income tax purposes was implemented with effect from the year of assessment beginning on 1 January 2014, and therefore impacted Mimosa from the start of the ...

Govt slashes platinum royalty | The Herald

2017-12-12 · Govt slashes platinum royalty. GOVERNMENT has slashed the rate of royalty for all platinum group mining companies to 2,5 percent from 10 percent, a move the Chamber of Mines of Zimbabwe says will ...

Zimplats calls for urgent dialogue over rights

2016-1-31 · "The operating subsidiary responded to the Government of Zimbabwe reiterating its previous position and also seeking constructive dialogue in an endeavour to resolve the matter amicably," it added. In 2013, the government gazetted the takeover of about half of the company…

Mimosa pays $125 million in royalties

2012-10-16 · 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 ...

Reprieve for platinum miners | The Sunday News

2016-2-14 · Mining companies want Government to ensure that royalties paid by the miners are deductible for income tax purposes. "The proposal to render royalties payable by Mimosa non-deductible for income tax purposes was implemented with effect from the year of assessment beginning on 1 January 2014, and therefore impacted Mimosa from the start of the ...

New ventures for US$12bn mining plan | The Sunday Mail

2019-10-20 · Similarly, the Zimbabwe Mining Development Corporation (ZMDC) is actively seeking to re-open its three gold mines – Sabi, Elvington and Jena. Diamonds. In addition to the four diamond mining companies – ZCDC (Zimbabwe Consolidated Diamond Company), Alrosa, Anjin and Murowa – there will be two new entrants before the end of the year.

Does the 2020 national budget have mining fiscal scaffolds ...

2019-11-21 · 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 …

Mimosa revenue rises to $272m on record production | The ...

2015-8-13 · MIMOSA Platinum Mine''s revenue for the full-year to June 2015 rose five percent to $272 million as it delivered all time record production of over 236,000 ounces of platinum group metals (4E).

Top Ten operating mines in Zimbabwe 2018

2018-12-14 · The company has been consistent in its production despite earlier clashes with Government where at one time, it is South African shareholder mooted shutting down the Zimbabwe mining operation. Modest in nature and quite in its activities, the Anglo …

Platinum revenue to exceed US$3bn | Business Times

Revenue from Zimbabwe''s platinum sector is expected to exceed US$3bn by the end of next year, driven by new projects that are expected to take off at the end of this year and the beginning of 2022, Mines and Mining Development minister Winston Chitando has said. Revenues for the sub-sector have been hovering between US$1.5bn and US$2bn a year.

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