Mines and Minerals Act amendment nears completion. July 17, 2020. GOVERNMENT is finalising amendments to the Mines and Minerals Act to align it with internationally competitive and supportive law, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. The amendment of the Act will also see the inclusion of a ...
Read MoreThe 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), except for gold which must be sold to the Reserve Bank of Zimbabwe (RBZ).
Read MoreThe government 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's (RBZ ...
Read More1. That it infringes mine-owners' right to property, guaranteed by section 71 of the Constitution. If the Minister issues a notice prescribing minerals under the amended section 3(1), it will affect all miners currently mining those minerals, and will limit their ability to dispose of their mining …
Read MoreThe Bill amends the Mines and Minerals (Development and Regulation) Act, 1957. The Act regulates the mining sector in India. Removal of restriction on end-use of minerals: The Act empowers the central government to reserve any mine (other than coal, lignite, and atomic minerals) to be leased through an auction for a particular end-use (such as ...
Read MoreZimbabwe - Mining and Minerals. ... In 2008, the government amended the Mines and Minerals Act, outlining indigenization requirements for mining. For strategic energy minerals …
Read More"The Mines and Mineral Act should be amended to address issues of relocation and rehabilitation of the land. Many challenges impacting the communities will be resolved through the amendment." Centre for Research and Development (CRD) director James Mupfumi accused the Executive of shelving the Mines and Minerals Bill for personal gains.
Read MoreThe government plans to amend the Mines and Minerals Act by inserting a clause providing for compulsory state acquisition of 51% of all foreign-owned mining firms. Under current laws, locals are entitled to a 15% stake in foreign-owned mining ventures, but there have been few takers.
Read MoreZimbabwe: Mines and Minerals Law to Be Amended. (Apr. 13, 2012) On April 5, 2012, Zimbabwe's Mines and Mining Development Ministry announced plans to finalize an amendment to the country's Mines and Minerals Act. The revised provisions are intended to promote investment as well as sustainable development. Minister Obert Mpofu's statement ...
Read MoreThe Mines and Minerals Act, the Minerals Corporation of Zimbabwe Act [Chapter 21:04], the Gold Trade Act [Chapter 21:03], the Precious Stones Act [Chapter 21:06], the Chamber of Mines of Zimbabwe Incorporation (Private) Act [Chapter 21:02], the Base Minerals Export Control Act [Chapter 21:01] and the Environmental Management Act, establish a ...
Read MoreZimbabwe is currently in the process of amending the Mines and Minerals Act so that, among other things, it can be crafted in a manner that can foster rapid growth in the sector so that it ...
Read MoreallAfrica.com: Zimbabwe: Gold Mines Face Closure. ... Mines and Minerals Act - Faolex. AN ACT to consolidate and amend the law relating to mines and minerals. .... incorporated in terms of the Chamber of Mines of Zimbabwe Incorporation (Private). ... Zimbabwe Mines And Minerals Lounge is a platform created solely to make Earth scientist's to ...
Read MoreZimbabwe aims to amend mining law and attract new, The Zimbabwean government said on Monday amending the mining law has become urgent to bring new changes that will go a long way in stemming the shortcomings of,...
Read MoreThe legislation was gazetted in May and is being enacted to amend, rather than replace, the Mines and Minerals Act [Chapter 21:05] of 1961, the principal law governing the sector. Various stakeholders, including the Chamber of Mines of Zimbabwe and the Zimbabwe Prospectors' Association (ZPA), have criticised the proposed law over several ...
Read Morevia New Act to resolve mining disputes – NewsDay Zimbabwe January 28, 2016. THE Mines and Minerals Act, which is set to be amended by Parliament soon, will resolve mining disputes between farmers and miners, an official has said.
Read MoreGovernment of Zimbabwe proposes to amend the Mining Legislation in several respects. Major features of the proposed changes include. Unique conditions may be provided for in the law to attach to exploration, ownership, exploitation, beneficiation, marketing and development of minerals declared or designated to be strategic.
Read MoreThe Mines and Minerals Act (Chapter 21:05) (the Act) is the principal Act regulating the mining industry in Zimbabwe. There are several regulations and other Acts that apply.
Read MoreThis is despite the fact that the principal act lists women, youths and disabled persons amonggroups that must specifically benefit from the policy.COMMUNITY SHARE OWNERSHIPTRUSTS(CSOT) IN ZIMBABWE'S MINING SECTORThe Case of Mhondoro-Ngezi55.Focus group discussion, 11 September 201256.There are several initiatives and financial …
Read MoreMining Act. Last month, the government reviewed the Mining Act to allow the Mining Commission to establish mineral buying and selling centres. Under the amended law, contractors, subcontractors and financial institutions with at least 20 per cent equity owned can participate in mining …
Read MoreThe call to amend the Mines and Minerals Act and decriminalise gold panning took centre stage at the recent Government-Civic Society Special Conference on Zimbabwe's Future, held in Bulawayo late last month, with most participants saying the continued criminalisation of gold panning ran counter to the country's black-empowerment drive.
Read MoreMINES minister Winston Chitando yesterday assured legislators that the Mines and Minerals Amendment Bill would be ready for presentation to the Parliamentary Portfolio Committee on Mines …
Read MoreBut in the past few weeks, Zimbabwe's mining industry has been gripped by fresh fears of capital flight after amendments contained in the Finance …
Read MoreTHE amendments to the Mines and Mineral Act approved by the Government last week look set to boost production and revive fortunes in the mining sector, through greater indigenous participation.
Read MoreInstitutional arrangement for the minerals sector in Zimbabwe. Mining in Zimbabwe is largely regulated by the Mines and Minerals Act of 1961 (chapter 21:05). Footnote 40 This archaic law defines what constitutes mining and regulates licensing and mining rights acquisition. However, there are also other laws that regulate aspects of the mining ...
Read MoreTop Headlines Company Zimbabwe Mining. Submit ... "The Mines and Mineral Act should be amended to address issues of relocation and rehabilitation of the land. ... AllAfrica …
Read MoreJul 22, 2021· Mines and Minerals Act unpacked. The Mines and Minerals Act (Chapter 21:05) (the Act) is the principal Act regulating the mining industry in Zimbabwe. There are several regulations and other Acts that apply. In this article an overview is given of the Act. Space permitting specific issues or parts of the Act will be dealt with in ...
Read MoreThis clause will amend section 7 of the Mines and Minerals Act and establishes the Mining Affairs Board. Clause 7 This clause will amend section 10 of the Mines and Minerals Act [Chapter 21:05] ... ENACTED by the Parliament and the President of Zimbabwe. 1. Short title This Act may be cited as the Mines and Minerals Amendment Act, 2015. 2. New ...
Read MoreZimbabwe to Amend Colonia Era Mining Law in Order to Attract New Investors. Posted on : Friday, 18th March 2016 THE government said Monday that amending the country's mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation.
Read MoreZimbabwe: NPRC Calls for Mines Bill Amendment. ... "The Mines and Minerals Act [Chapter 21:05] is the authority used in the issuance of mining licenses and or permits and it …
Read MoreThat it infringes mine-owners' right to property, guaranteed by section 71 of the Constitution; If the Minister issues a notice prescribing minerals under the amended section 3(1), it will affect all miners currently mining those minerals, and will limit their ability to dispose of their mining …
Read MoreTHE Government will amend the Mines and Minerals Act to promote the participation of local people in the lucrative mining sector. Zimbabwe: Mines And Minerals Act to Be Amended - allAfrica.com Search
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